Mail: Financial Aid Office
Eastern Wyoming College
3200 West C Street
Torrington, WY 82240
Fax: 307-532-8222
2014-2015
Federal Direct Loan
Request Form
__________________________________________________________ ____ __________________________________________
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)
Student Educational Expense Budget Worksheet
As per Eastern Wyoming College’s Default Prevention and Debt Management Plan, you are required to complete all
information on both pages before we can originate your loan. Failure to provide complete information will result in
the delay or cancellation of your request.
Please list the educational expenses you are incurring for the academic year and the cost associated with each expense. If you
list semester amounts for tuition, fees, books and supplies, multiply by two to get academic year expenses. If you list monthly
amounts for rent, food, and other expenses, multiply by nine to get academic year expenses. Next, list all the financial aid
(grants, loans, scholarships) you will receive for the year plus income available to help you cover your educational expenses.
This worksheet is meant to help you budget your money to ensure you are not getting into unnecessary loan debt.
Only borrow what you need to cover your educational expenses! Be conservative now; you can request additional funds later if
you are not applying for the maximum available. Remember, ALL LOANS MUST BE PAID BACK
.
Educational Expenses Amount Current Financial Aid/income Amount
Tuition and Fees ________________ Pell Grant ________________
Textbooks/supplies ________________ Subsidized Direct Loan ________________
Rent/Mortgage/Dorm Room ________________ Unsubsidized Direct Loan ________________
Food/Meal Plan (Student’s) ________________ PLUS Loan ________________
Personal (Student’s) ________________ Other resources (list)_________ ________________
Clothing, entertainment, personal items
Transportation ________________ _________________________ ________________
Car payment, gas, insurance
Other (list)________________ ________________ Scholarship ________________
________________________ ________________ Scholarship ________________
Specific to major such as supplies, tools, uniforms
Disability requirements ________________ Employment (income for academic year) ________________
Such as special equipment or additional resources
TOTAL EXPENSES: ________________ TOTAL AID: ________________
Total Educational Expenses: __________________
Less Total Current Financial Aid: - __________________
Equals: = __________________
Is my aid more than my expenses? Do I need the full amount of loans? Have I researched all ways to reduce loan debt?
For more information on budgeting and financial literacy, visit: http://ewc.wy.edu/future-students/financial-aid/financial-literacy/
** Did you know?? You can estimate your student loan repayments and compare monthly payment amounts under different
payment plans at StudentLoans.gov
! Just log in, go to Tools and Calculators and click on
Repayment Estimator
.
2/12/14
1. Your award notice estimates the amount of Direct Loan for which you qualify. Amounts may change and your loan may be
decreased if you receive additional awards exceeding your cost of attendance.
2. Please complete and submit the Student Educational Expense Worksheet on the front of this form. The worksheet is
designed to prepare the student to manage his/her educational finances.
3. You must be admitted in a degree-seeking program and be enrolled at least half time (six credits) per semester.
4. If you are a first-year student and/or first-time borrower, your first disbursement will be delayed 30 days from the start of
your enrollment period.
5. All loans will be disbursed in two disbursements.
6. *Enrollment and financial aid information is submitted to the National Student Loan Data System (NSLDS) and is
accessible by guaranty agencies, lenders, and institutions determined to be authorized users of the data system. Students
can keep track of loan status and outstanding balance through the Financial Aid Review section of nslds.ed.gov.
In addition to the budget worksheet on the front side of this page, in order to receive a Federal Direct
Stafford Loan you must complete the following four steps:
First-time EWC borrower: Second-and third-year EWC borrower:
1. Go online to StudentLoans.gov 1. Go online to nslds.ed.gov
• Sign in using Federal PIN (used to sign FAFSA) • Click Financial Aid Review*
• Complete Entrance Counseling • Accept Security
• Complete and sign Master Promissory Note (MPN) • Sign in using Federal PIN (used to sign FAFSA)
2. Complete and submit the EWC Loan Request Form Review your aid summary page
to the Financial Aid Office
• Print a copy of your summary page
(You may also use MyStudentData Download
to download your information into a portable format)
2. Complete and submit the EWC Loan Request Form
with a copy of your NSLDS Summary Page
Your loan will not be processed until ALL required steps are complete!
Please indicate how much loan you would like to borrow. Unless otherwise indicated, all loans will be processed for
the full 2014-2015 academic year. Annual loan maximums are as follows:
Freshman = $3,500; Sophomore = $4,500. May be subsidized/unsubsidized or a combination of both depending on eligibility.
Students MAY qualify for additional unsubsidized loan amounts, but must complete an EWC Additional Loan Request Form
Please note that in addition to annual loan limits, there are aggregate limits to all Direct student loans. Students are also
limited to receiving subsidized loans for a period not to exceed 150% of the length of the borrower’s educational program.
I wish to borrow a total of: $__________________/subsidized loan $__________________/unsubsidized loan
(Can indicate MAX for amounts if you are unsure of eligibility) I understand that with an unsubsidized loan, I start accruing
interest on the loan as of the day it is disbursed to me.
** I wish to decline Federal Work Study eligibility to maximize my subsidized loan eligibility: _____Yes _____ No
I wish to borrow for the following term(s) (check one):
_____ Full Academic Year (August 2014 to May 2015; disbursements are split in half—one fall, one spring)
____________________
_____ One semester only (indicate one below):
Please note: Loans must be disbursed in two equal disbursements; the second will be at semester mid-point
_____ Fall 2014 (Aug 2014 to Dec 2014) I am graduating in December: _____Yes _____ No
_____ Spring 2015 (Jan 2015 to May 2015)
_____ Summer 2015 (May 2015 to Aug 2015) A separate summer loan application will be available when you enroll
By signing below I authorize the Eastern Wyoming College Financial Aid office to process my Loan Request Form and I understand
the Financial Aid Office will submit my information to the National Student Loan Data System (NSLDS)* and it will be accessible by
U.S. Dept. of Education Servicers, guaranty agencies, lenders, and schools determined to be authorized users of the data system.
Signature:_____________________________________________________ Date:__________________________
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