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.
Understanding the fine print. Before you receive any Federal Direct Student Loan, you'll be required to sign a Master Promissory Note, or MPN, which you can do online. An MPN is usually good for 10 yearsâmeaning you donât need to sign a new one each year. Private loans typically donât have an MPN.