# 34 CFR § 674.12: Loan maximums

> Federal · Regulations · In force

URL: https://www.frixlaw.com/law-library/statutes/ecfr-34-674.12

## Section

- **Citation:** 34 CFR § 674.12
- **Heading:** Loan maximums
- **Jurisdiction:** Federal
- **Kind:** Regulations
- **Status:** In force
- **Text as of:** September 22, 2026
- **Source:** Publisher's official text
- **Location:** Title 34—Education > Subtitle B—Regulations of the Offices of the Department of Education > CHAPTER VI—OFFICE OF POSTSECONDARY EDUCATION, DEPARTMENT OF EDUCATION > PART 674—FEDERAL PERKINS LOAN PROGRAM > Subpart A—General Provisions

## Text

(a) The maximum annual amount of Federal Perkins Loans and NDSLs an eligible student may borrow is—
(1) $5,500 for a student who is enrolled in a program of undergraduate education; and
(2) $8,000 for a graduate or professional student.
(b) The aggregate unpaid principal amount of all Federal Perkins Loans and NDSLs received by an eligible student may not exceed—
(1) $27,500 for a student who has successfully completed two years of a program leading to a bachelor's degree but who has not received the degree;
(2) $60,000 for a graduate or professional student; and
(3) $11,000 for any other student.
(c) The maximum annual amounts described in paragraph (a) of this section and the aggregate maximum amounts described in paragraph (b) of this section may be exceeded by 20 percent if the student is engaged in a program of study abroad that is approved for credit by the home institution at which the student is enrolled and that has reasonable costs in excess of the home institution's cost of attendance.
(d) For each student, the maximum annual amounts described in paragraphs (a) and (c) of this section, and the aggregate maximum amounts described in paragraphs (b) and (c) of this section, include any amounts borrowed previously by the student under title IV, part E of the HEA at any institution.
(Authority: 20 U.S.C. 1087dd)
[59 FR 61407, Nov. 30, 1994, as amended at 64 FR 58309, Oct. 28, 1999; 74 FR 55660, Oct. 28, 2009]

## Nearby sections

- [34 CFR § 674.1 § 674.1 Purpose and identification of common provisions.](https://www.frixlaw.com/law-library/statutes/ecfr-34-674.1.md)
- [34 CFR § 674.2 § 674.2 Definitions.](https://www.frixlaw.com/law-library/statutes/ecfr-34-674.2.md)
- [34 CFR § 674.5 § 674.5 Federal Perkins Loan program cohort default rate and penalties.](https://www.frixlaw.com/law-library/statutes/ecfr-34-674.5.md)
- [34 CFR § 674.8 § 674.8 Program participation agreement.](https://www.frixlaw.com/law-library/statutes/ecfr-34-674.8.md)
- [34 CFR § 674.9 § 674.9 Student eligibility.](https://www.frixlaw.com/law-library/statutes/ecfr-34-674.9.md)
- [34 CFR § 674.10 § 674.10 Selection of students for loans.](https://www.frixlaw.com/law-library/statutes/ecfr-34-674.10.md)
- [34 CFR § 674.12 § 674.12 Loan maximums.](https://www.frixlaw.com/law-library/statutes/ecfr-34-674.12.md)
- [34 CFR § 674.13 § 674.13 Reimbursement to the Fund.](https://www.frixlaw.com/law-library/statutes/ecfr-34-674.13.md)
- [34 CFR § 674.16 § 674.16 Making and disbursing loans.](https://www.frixlaw.com/law-library/statutes/ecfr-34-674.16.md)
- [34 CFR § 674.17 § 674.17 Federal interest in allocated funds—transfer of Fund.](https://www.frixlaw.com/law-library/statutes/ecfr-34-674.17.md)
- [34 CFR § 674.18 § 674.18 Use of funds.](https://www.frixlaw.com/law-library/statutes/ecfr-34-674.18.md)
- [34 CFR § 674.19 § 674.19 Fiscal procedures and records.](https://www.frixlaw.com/law-library/statutes/ecfr-34-674.19.md)
- [34 CFR § 674.20 § 674.20 Compliance with equal credit opportunity requirements.](https://www.frixlaw.com/law-library/statutes/ecfr-34-674.20.md)
- [34 CFR § 674.30 § 674.30 Severability.](https://www.frixlaw.com/law-library/statutes/ecfr-34-674.30.md)

---

Source: Frix Law Library, https://www.frixlaw.com/law-library/statutes/ecfr-34-674.12. Check the current official text before relying on it. Not legal advice.