What are the Federal Perkins Loan aggregate limits?

The Federal Perkins Loan program provides low interest financing for college students. The program is initiated at the campus level, with each college or university ultimately determining the amount of funding to provide an applicant. While the yearly limit for undergraduate students is topped at $5,500 in 2010, graduate students may receive up to $8,000 per year. On an aggregate, or cumulative, basis, students may receive up to $27,500 for undergraduate education or $60,000 for graduate and undergraduate education combined. The amount you personally receive depends on your need and the amount of funding available at your chosen school.

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