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Parent Plus Loans

In order to to apply for a Parent Plus loan, first the parent will need to obtain a Friends of Penn State Account:
1. go to www.elion.psu.edu
2. select “Parent/Other”
3. Select “Create an Account”
4. Follow directions given

The student then needs to grant their parent/guardian access to their account on eLion:
1. go to www.elion.psu.edu
2. select “students”
3. Sign-in using your PSU username and password
4. Click on “Parent/Other Access” from the left side menu
5. Click on “Plus Request Form”
6. Click on “I authorize…” on top of page
7. Select Continue
8. Confirm with PSU username and password

The parent/guardian can then complete the following steps to apply for the Parent Plus Loan:
1. go to www.elion.psu.edu
2. select “Parent/Other”
3. Sign-in using your Friends of Penn State username and password
4. Click on “Plus Request Form”
5. Complete term for Fall/Spring or Fall or Spring Only
6. Select Total amount of loan requested
7. Confirm/Authorize Credit Check

Once the parent/guardian is approved for the Parent Plus loan, they can follow these instructions to sign their MPN (Master Promissory Note):
1. Retrieve your Federal PIN number www.pin.ed.gov
2. Go to www.studentloans.gov
3. Click on “Sign In”
4. Select “Complete Master Promissory Note”
5. Select “Parent Plus”
6. Fill out the form. Things you will need:
    • Your SS# and student’s SS#
    • 2 references: 1 person with whom you reside; 1 person with whom you do not reside
    • Your driver’s license
7. Select School: Pennsylvania State University
8. Electronically sign the form
9. Print a copy for your records