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So, how do I get a Perkins Loan? The school you attend is allocated funding for the Perkins Loan by the government who leaves it up to the school to determines your eligibility. Eligibility for Perkins is determined as a part of constructing your financial aid award letter. The maximum loan you may receive is $3,000. Schools generally reserve Perkins funding for those students with the most financial need. However, typically, Perkins loans are more commonly given in the $1,000 to $1,500 range.