Paying For Education

How much can I borrow under the Federal Perkins Loan?

You may borrow $5,500 per year for each year of undergraduate study, up to a maximum of $27,500. If you are pursuing graduate studies, the maximum amount is $8,000 per year, up to $60,000 (which includes the $27,500 for undergraduate study as well). The amount available to you depends on your financial need, when you applied, and how much funds are available at the school you attend.


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