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.
But there is one type of federal loan â a Perkins loan â that can stay on your credit report until the loan has been paid in full, even if it is longer than seven years. This is not true for other types of student loans. The special treatment of a Perkins loan was a provision of the Higher Education Act.