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.
How long does it take to pay off federal student loans? Unless you arrange for a different repayment schedule with your loan servicer, the standard repayment schedule is 120 months (10 years).Your servicer can tell you about programs that allow you to extend your repayment term.nless you arrange for a different repayment schedule with your loan servicer, the standard repayment schedule is 120 months (10 years). Your servicer can tell you about programs that allow you to extend your repayment term.