A: Yaks are herbivores that eat herbs, shrubs, grasses, lichen and moss. Domesticated yaks are used for pulling ploughs, transporting goods across mountains and providing milk and dairy products such as butter and cheese. Yaks will not eat grain and will starve to death unless fed their usual diet of grasses. Continue Reading
Effect of the Amount of Your Income on the Amount of Your Deduction. The amount of your student loan interest deduction is phased out (gradually reduced) if your MAGI is between $65,000 and $80,000 ($130,000 and $160,000 if you file a joint return).You cannot claim a student loan interest deduction if your MAGI is $80,000 or more ($160,000 or more if you file a joint return).ffect of the Amount of Your Income on the Amount of Your Deduction. The amount of your student loan interest deduction is phased out (gradually reduced) if your MAGI is between $65,000 and $80,000 ($130,000 and $160,000 if you file a joint return).
But the pay-off is lower interest rates. For an SBA-backed loan, the lender can't charge more than the prime rate (as published in the Wall Street Journal), plus 2.25% for a loan due in less than seven years. The prime rate is currently 3.25%. This would bring your interest rate to a maximum of 5.5%. For loans due in more than seven years, the maximum interest rate is prime plus 2.75%, which would bring it to 6%. The SBA allows lenders to pass along certain fees to borrowers.