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Accepting a Stafford Loan

There are two parts to accepting your student loans: completing your entrance loan counseling form and signing your Master Promissory Note. The details are below.

Complete your entrance loan counseling:

  1. Go to www.elion.psu.edu.
  2. Select “students”.
  3. Sign-in using your PSU username and password.
  4. Click on “Loan Entrance Counseling” from the left side menu.
  5. Read the material and answer the questions.

Sign Your MPN (Master Promissory Note):

Things you will need:

  • Your Federal PIN number (Retrieve your Federal PIN number www.pin.ed.gov)
  • Your Social Security number
  • 2 references: 1 person with whom you reside; 1 with whom you do not reside
  • Your driver’s license (if you have one)
  1. Go to www.studentloans.gov.
  2. Click on “Sign In”.
  3. Select “Complete Master Promissory Note”.
  4. Select “Subsidized/Unsubsidized”.
  5. Select School: Pennsylvania State University.
  6. Read through the materials.
  7. Electronically Sign the form.
  8. Print a copy for your records.