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The maximum amount that can be borrowed under a Perkins Loan varies depending on the student's level of study and financial need. For undergraduate students, the limit is typically up to $5,500 per academic year, while graduate students can borrow up to $8,000 per year. However, the total amount borrowed cannot exceed $27,500 for undergraduates and $60,000 for graduates, including any undergraduate loans. It's important to note that the Perkins Loan program was discontinued for new borrowers after September 30, 2017.

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3d ago

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