Here you will find tutorials with general instructions that apply to most situations. Specific tutorials, like How to Apply for the Parent PLUS Loan, are available in that subject's section of the site (ex. Loans, Parent PLUS).
The Parent PLUS Loan is a federal student loan available to the parents of dependent undergraduate students. The Parent PLUS Loan offers a fixed 5.30% interest rate for the 2020-2021 school year and flexible loan limits. To be eligible, a parent can't have an adverse credit history.
Private education loans are managed through private lenders, issued in the student’s name, and require a co-signer. Eligibility, rates, terms, and conditions vary.
Need to borrow a loan to cover your remaining costs? Check out our resources on how to create a budget.
You will use LionPATH to enroll for classes. You will be considered "registered" when you agree to the Financial Responsibility Agreement (FRA) and enroll in at least one class.
You may have received an email from Federal Student Aid recommending that you use the IRS Data Retrieval Tool to transfer tax information directly from the IRS into your FAFSA. If for any reason the Data Retrieval Tool is unavailable, you can manually enter your tax information into your FAFSA.
View your loan history through the National Student Loan Data System, the U.S. Department of Education's central database for student aid information.
The FSA ID is a username and password that gives you the unique benefit of logging into your Federal Student Aid accounts — while removing all personally identifiable information. The FSA ID is your new official Federal Student Aid ID, which you will use to log in to use FSA websites like FAFSA, studentaid.gov, and more.
You can give others access to your LionPATH account information including financial aid information.
Many resources are available to assist students and parents with the LionPATH system.
This video is an overview of Penn State's financial aid process and is shown to first-year students and their families during New Student Orientation.
You are required to sign a Master Promissory Note (MPN) before you can receive Direct Loan funds.
Loan counseling is a required online tool to help you understand your rights and responsibilities as a Direct Loan borrower. You must complete this requirement before you can receive your Direct Loan.
Advice on filling out the FAFSA from the National Association of Student Financial Aid Administrators (NASFAA).
A guide to help you figure out who to list as your parent when filling out the Free Application for Federal Student Aid (FAFSA). Image via Studentaid.ed.gov