Mail: Financial Aid Office
Eastern Wyoming College
3200 West C Street
Torrington, WY 82240
2014-2015
Additional Loan Request Form
This application is to be used by students who already have a Federal Direct Loan awarded to them and are requesting an additional
loan amount due to the cancellation of other aid, a PLUS loan denial, a change in grade level, or additional need. Depending on other
eligibility factors, students are packaged with the base eligibility amount in student loans (see chart and information on the back of this
form), however they MAY have eligibility for additional loans. Please note that most additional loans come in the form of unsubsidized
loans. You are charged interest from the day the loan is disbursed until it is fully repaid, including all in-school, grace, and deferment
periods. You have the option of paying interest while in school, or it can be deferred until after graduation. If the interest accumulates,
it will be capitalized and added to the principle amount of the loan, thereby increasing the total amount of the loan. If the interest is
capitalized, you will owe more than you borrowed.
______________________________________________________________ __________________________________________
Last Name First Name M.I. EWC Student ID Number
______________________________________________________________ __________________________________________
Address (include apartment number) Social Security Number (last four digits)
______________________________________________________________ __________________________________________
City, ST, Zip Phone Number (include area code)
Before deciding to borrow additional loan funds, do some financial planning. Ask yourself these questions:
• Is it really a good idea to borrow at this time?
• Is borrowing an unsubsidized loan absolutely necessary?
• Do I really need this loan and have I explored other options?
• Have I examined my budget and reduced expenses wherever possible?
• Am I being realistic? I should only borrow what I need, even if I am eligible for more.
What are your career goals: College degree/major __________________________________________________________________
Projected job/position after graduation ____________________________________________________
Anticipated annual starting salary in your field______________________________________________
Use O*Net’s online resource, www.onetonline.org/ to project annual income based on your projected career
List your current aggregate loan amounts: Subsidized $_________________________ Unsubsidized $_______________________
Access your total loan debt on the National Student Loan Data System (NSLDS) web site: nslds.ed.gov/
Determine your estimated monthly loan payment: __________________________________________________________________
Use the Repayment Estimator at studentaid.ed.gov/repay-loans/understand/plans
to look at monthly payments under different plans.
**Is your monthly loan payment reasonable and manageable considering your anticipated salary? YES NO
• I understand and am aware of my current aggregate loans and request to borrow additional unsubsidized student loan funds:
maximum amount $______________________ (check maximum or enter a specific dollar amount)
• I am requesting additional loan funds because:
I am a dependent student whose parent(s) were denied a Federal Parent PLUS loan (FA Office must have copy of denial)
I have completed 30+ credits and would like to request the additional amount available as a sophomore
I have additional need (provide a detailed explanation below of the need for the increased loan amount)
___________________________________________________________________________________________________
___________________________________________________________________________________________________
By signing this worksheet, I certify that all of the information reported is complete and correct.
Student signature: ______________________________________________________ Date: ________________________________
WARNING: If you purposely give false or misleading information on this worksheet, you may be fined, sentenced to jail, or both.