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.
Paying back the loan. A student begins repayment on a Perkins loan after ceasing at least half-time enrollment and after a nine-month grace period. The borrower has up to 10 years to repay the loan. Perkins loans do not have different repayment plan options. The borrower repays the school that loaned the money, or its loan servicing agent. The minimum payment is $40 per month.