3200 West C Street
Torrington, WY 82240
p: 307.532.8224
f: 307.532.8222
financialaid@ewc.wy.edu
2018-2019
Non-Federal Private Loan
Agreement Form
Complete this form if you plan to borrow a private student loan instead of a federal student loan.
___________________________________________________________ ____________________ __________________________
Last Name First Name M.I. EWC Student ID Number Social Security Number (last four digits)
___________________________________________________________ _______________________________________________
Mailing Address (include apartment number) E-mail Address
___________________________________________________________ _______________________________________________
City, ST, Zip Phone Number (include area code)
While private student loans are another college financing option that can help cover additional costs not covered by federal financial
aid, it is extremely important from a personal finance standpoint that you first exhaust ALL possible grant and scholarship possibilities
prior to considering a non-federal private student loan.
EWC’s Financial Aid Office advises you to only borrow what is truly needed to pay for qualified educational expenses. When
borrowing to finance your education, you should give serious consideration to the loan amounts you will need throughout your entire
education. You will want to make sure you can comfortably afford your student loan indebtedness based on your expected income upon
entering repayment, as well as make sure you are comfortable with the estimated expected monthly payment. You can estimate your
monthly payments under different loan repayment plans at Federal Student Aid’s Loan Repayment Estimator site:
studentloans.gov/myDirectLoan/mobile/repayment/repaymentEstimator.action
In addition to completing this form, if you choose to take a private student loan rather than a Federal Direct Student Loan, you must
complete an online counseling session. Federal loans require you to complete Direct Loan Entrance Counseling for undergraduate
students in order to receive federal loans; EWC requires Financial Awareness Counseling for students choosing to take alternative
or private student loans instead of or in addition to federal loans.
Sign in to StudentLoans.gov with your Social Security Number, first two letters of your last name, date of birth and Federal Student
Aid ID (FSA ID used to sign your FAFSA). Click on “Complete Counseling,” then choose Financial Awareness Counseling (middle
selection) and click “Start.” You must select EWC from the list of schools to be notified for the Financial Aid Office to receive
confirmation of counseling completion.
I understand that the federal student loan programs generally provide better terms and conditions, including a lower interest
rate and fewer fees. EWC’s Financial Aid Office has provided me with information about the Federal Direct Loan programs
and I am making a fully informed decision to apply for a non-federal private loan instead. I have completed Financial
Awareness Counseling online at StudentLoans.gov.
Student signature: _____________________________________________________ Date: __________________________
If you do not intend to complete the Free Application for Federal Student Aid (FAFSA), you must also sign below. The FAFSA is
required for consideration of all federal financial aid, which includes the Federal Pell Grant, Federal Supplemental Educational
Opportunity Grant, Federal Work Study and Federal Direct Subsidized, Unsubsidized and PLUS loans. Need-based institutional or
Foundation grants or scholarships also require the FAFSA for consideration. Please note that some non-federal private loans also
require FAFSA completion (e.g., Bank of North Dakota).
By completing, signing and submitting this form, I am certifying that I do not intend to complete the FAFSA. I understand that without
a FAFSA on file, I will not be considered for any of the financial aid listed above.
Student signature: _____________________________________________________ Date: __________________________
10/2017
STUDENT CERTIFICATION AND SIGNATURE(S)
