To bridge the gap between awarded financial aid and the University bill, three interchangeable options are listed below. They can be used in many combinations to attain the needed funds.
PLUS Loan (Federal Parent Loan)
You may need funds in addition to your student's Federal Direct Loans to pay for your student's education. The Federal Direct Parent PLUS Loan is available to parents of dependent undergraduate students.
PSU Web Page - https://studentaid.psu.edu/types-of-aid/loans/parent-PLUS
How To Apply - https://studentaid.psu.edu/types-of-aid/loans/parent-PLUS/apply
Private Alternative Loans
Private alternative loans are managed through private lenders, issued in the student’s name, and require a cosigner. Eligibility, rates, terms, and conditions vary.
PSU Web Page - https://studentaid.psu.edu/types-of-aid/loans/private-alternative
How To Apply - https://studentaid.psu.edu/types-of-aid/loans/private-alternative/apply
Lenders List - http://www.elmselect.com/?schoolId=538#/results
PSU Payment Plans
Available through the Bursar’s Office - http://www.bursar.psu.edu/payplans.cfm
Sign up in LionPATH - Enrolling in an Installment Payment Plan (Doc)