100% of the tax shown on your 2014 income tax return (110% of that amount if the adjusted gross income shown on the return was more than $150,000 ($75,000 if your filing status for 2015 will be married filing separately)).
You will need the following items to complete and electronically sign the MPN: 1  Your Federal Student Aid ID. 2  Your full legal name, social security number, and date of birth. 3  You will also need to provide names, addresses, and telephone numbers for your next of kin and two references.
Perkins Loans are awarded to undergraduate, graduate, and professional students who are enrolled at least half time. Eligible undergraduates can qualify for up to $4,000 each school year under the Perkins Loan program. The loan cap is $20,000 during an individual's undergraduate degree program. Graduate students are eligible to receive up to $6,000 per year in Perkins Loan assistance, with a lifetime cap of $40,000 including undergraduate loans. Students must begin to repay Perkins Loans to their institutions nine months after they graduate or drop below half-time enrollment status.