Financial Aid Office
3200 West C Street
Torrington, WY 82240
p: 307.532.8224
f: 307.532.8222
financialaid@ewc.wy.edu
Summer 2018
Federal Direct Loan
Request Form
___________________________________________________________ ____________________ __________________________
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)
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.
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.
Please list the educational expenses you are incurring for the
SUMMER TERM and the cost associated with each expense. If you list
monthly amounts, multiply by the number of months your classes span
during Summer 2018.
Educational Expenses Amount
Tuition/fees ________________
Textbooks/supplies ________________
Rent/Mortgage/Dorm Room ________________
Food/Meal Plan (Student’s) ________________
Personal (Student’s) ________________
Clothing, entertainment, personal items
Transportation ________________
Car payment, gas, insurance
Other (list)________________ ________________
Specific to major such as supplies, tools, uniforms
Disability requirements ________________
Such as special equipment or additional resources
TOTAL EXPENSES: ________________
Please list all of the financial aid (grants and scholarships) you will receive
for the SUMMER TERM, plus income available to help you cover your
educational expenses. If you list monthly amounts, multiply by the number
of months your classes span during Summer 2018.
Current Financial Aid/income Amount
Pell Grant ________________
Scholarship______________ ________________
Scholarship______________ ________________
Scholarship______________ ________________
Scholarship______________ ________________
Scholarship______________ ________________
________________ Employment (income for summer)
Other resources (list below)
________________ ________________
________________ ________________
TOTAL AID: ________________
EXPENSES minus AID: In addition to the aid I already have, how much loan do I need to cover my expenses? ________________
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 BUDGET WORKSHEET
Over
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 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
Accept Security
Click Financial Aid Review
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. 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
** If you have already received loans during 2017-2018, your total summer loan eligibility may be limited **
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: $__________________/subsidized loan $__________________/unsubsidized loan
(Can indicate MAX to receive maximum amount 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 understand that Summer loans MUST be disbursed in two disbursements!
I also understand that I must be enrolled in and attending at least six credits during the summer term to receive my summer
loan disbursements.
If I am a first-time loan borrower, I understand that there is a 30-day delay on receiving the first disbursement of my loan funds.
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 11/2016
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. 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
.