Install the PSU VPN client from https://myfiles.pdx.edu/resources/Software/Cisco%20AnyConnect%20VPN. You'll be prompted for ODIN ID and password.
Connect to 'PSU Employees - Full Tunnel' VPN connection. You'll be prompted for ODIN ID and password.
Launch ArcGIS Administrator utility
Select a 'concurrent use' software product and use 'arcgis10.license.pdx.edu' for the license manager server
If you have a slow network connection you may want to create a FLEXLM_TIMEOUT system environment variable and set it to 1000000 microseconds (1 second). You can increase the value until you are able to secure a connection with the license server.