Financial Aid Office
3200 West C Street
Torrington, WY 82240
p: 307.532.8224
f: 307.532.8222
financialaid@ewc.wy.edu
2019-2020
Federal Direct Loan
Request Form
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. 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.
___________________________________________________________ ____________________ __________________________
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)
This activity is meant to help you budget your money to ensure you are not getting into unnecessary loan debt. The Cost of
Attendance (COA or budget) for Financial Aid purposes is an estimate of the student’s overall expenses for a period of enrollment.
It comprises direct costs, like tuition and fees that are charged to a student’s account, and indirect costs such as transportation or personal
expenses. Indirect costs included in a student’s budget are only estimates of what expenses a student might face during a year of enrollment
(cost to rent an apartment, buy groceries, travel to and from campus), and vary widely based on an individual’s personal expenses. To view
the break-down of direct/indirect costs for each budget, please review the Tuition & Fees page on our website.
INSTRUCTIONS: Identify the Cost of Attendance Budget in Table 1 that most closely matches your rate, living situation, and enrollment.
Once you have selected the budget, please list your financial aid and any income you have to contribute to your educational expenses in
Table 2. Finally, in Table 3 you will subtract your total aid from your budget to estimate how much loan you need to cover your expenses.
Table 1: COA/Expenses
(Annual)
Full-Time
(12+ credits/semester)
Three-Quarter Time
(9-11 credits/semester)
Half-Time
(6-8 credits/semester)
Write your selected
COA/Expenses
Budget here:
$ __________________
for the academic year
In-State On Campus
$ 15,414
$ 14,012
$ 12,609
In-State Off Campus
$ 15,774
$ 14,372
$ 12,969
In-State With Parents
$ 10,810
$ 9,408
$ 8,005
WUE On Campus
$ 17,284
$ 15,514
$ 13,744
WUE Off Campus
$ 17,644
$ 15,874
$ 14,104
WUE With Parents
$ 12,330
$ 10,560
$ 8,790
Out-of-State On Campus
$ 21,754
$ 18,867
$ 15,979
Out-of-State Off Campus
$ 22,114
$ 19,227
$ 16,339
Out-of-State With Parents
$ 16,800
$ 13,913
$ 11,025
Table 2: Aid and Income
Amount for
Academic Year
Write your TOTAL
aid here:
$ _________________
for the academic year
Table 3: Loan Amount Needed
Pell Grant
$
TOTAL aid from
your selected
COA/Expenses
$ _________________
loan needed to cover
expenses for the year
Scholarships (TOTAL)
$
Employment
(income for academic year)
$
Other Resources
$
Annual federal loan limits Base amount° Additional unsubsidized* Independent student** Total possible
Freshman (<30 credits) $3,500 $2,000 $4,000 $9,500
Sophomore (30+ credits) $4,500 $2,000 $4,000 $10,500
° Base amount may be subsidized, unsubsidized or a combination of both; all additional amounts are unsubsidized
* Students applying for additional unsubsidized amounts must complete an Additional Loan Request Form
** Independent students are students who are not required to provide parental info on the FAFSA
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
.
STUDENT INFORMATION
STUDENT EDUCATIONAL EXPENSE ACTIVITY
Over
Fixed interest rate for
2019-2020 is 4.53%.
Your loan will not be processed until ALL required steps are complete! 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:
Go online to https://studentloans.gov
Sign in using your Federal Student Aid ID (FSA ID)
Complete Entrance Counseling
Complete and sign Master Promissory Note (MPN)
Complete and submit the EWC Loan Request Form to the
Financial Aid Office
Second- and third-year EWC borrower:
Go online to nslds.ed.gov
Click Financial Aid Review
Accept Security
Sign in using your Federal Student Aid ID (FSA ID)
Review your aid summary page
Print a copy of your summary page
(You may also use MyStudentData Download to
download your information into a portable format)
Complete and submit the EWC Loan Request Form with a copy
of your NSLDS Summary Page
Please indicate how much loan you would like to borrow. Unless otherwise indicated, all loans will be processed for the full
2019-2020 academic year (this does not include the summer semesters). 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 Additional Loan Request Form
Please note: 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: $__________________________________________________.
(Can indicate MAX to receive maximum amount if you are unsure of eligibility)
Work-Study opportunities are considered more beneficial to students than taking out student loans. If you are not currently in a Work-Study
position, but choose to accept a position at a later date, the Financial Aid Office may need to reallocate a portion of or all of a loan towards a Work-
Study position, depending on the amount. You will be notified if your loans need adjusted so you can make the decision on how to handle them and
make the necessary arrangements to cover any outstanding balance that may result from any reallocation. Work-Study is considered “self-help” aid
and does not require you to pay it back like loans do.
Please note: Unsubsidized loans start accruing interest from the day they are disbursed. The Financial Aid Office utilizes subsidized loan
eligibility when possible; however, if you are only eligible for unsubsidized Loans, OR if the amount you are requesting requires a combination of
subsidized and unsubsidized loan eligibility, Financial Aid will process the request accordingly. If you wish to reject all unsubsidized loan
eligibility and only use subsidized loan eligibility, please contact Financial Aid. Please note that this request may result in a reject of all or part of
your original loan request (depending on your eligibility).
I wish to borrow for the following term(s) (check one):
Full Academic Year (August 2019 to May 2020; disbursements are split in halfone 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 2019 (Aug 2019 to Dec 2019) I am graduating in December: _____Yes _____ No
Spring 2020
(Jan 2020 to May 2020) I am graduating in May: _____Yes _____ No
Summer 2020
(May 2020 to July 2020) 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.
I understand the Financial Aid Office will submit my information to the National Student Loan Data System (NSLDS)*
and that 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.
Student’s Signature: _____________________________________________________ Date: ____________________________
Revised 01/2019
STEPS TO REQUESTING A FEDERAL DIRECT STAFFORD LOAN
1
OR
2
3
4
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.
*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.