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.
Interest remains subsidized during the 9-month grace period. The Federal Perkins loan is repaid over a 10-year repayment term with equal monthly payments. There is a $40 minimum monthly payment. The monthly payment for $4,000 in Federal Perkins Loans is about $42.