Financial
Information
For Parents
& Families
2021–2022
A Guide That Will Help You Manage
Your Investment in a Washington
University Education
Dear Parents and Family Members,
Congratulations, again, on your student’s
admission to our Class of 2025!
We know how proud you must be of your student’s accomplishments and how excited you
must be to see what the future holds. We would be honored if that future includes joining the
Washington University community. By joining an environment that promotes both academic
rigor and unlimited creativity, our students collaborate with and are supported by faculty who
are experts in their fields. They learn how to ask big questions, challenge their assumptions, and
realize their full potential.
We understand the significance of investing in your student’s education. Financing this
investment can be overwhelming. But we’re here to help you and your family along the way.
We want to know your story, offer our personal assistance, and do everything possible to make
WashU a financial reality for your family. We are all working toward a common goal — to see your
child leave here confident and prepared to succeed both personally and professionally, to push
boundaries, and to make real, positive change in the world.
In this booklet, you will find the innovative approaches we’ve taken to develop the most family-
friendly financial solutions. Our flagship program, Partners in Education with Parents (PEP), gives
families several options to cover tuition, fees, housing costs, and meal plan. There is also an
interest-free Installment Payment Plan, which allows you to spread each year’s tuition and fees
over equal monthly payments.
I invite you to take a look through the options, and then give us a call! We know great things
await your student over the next four years at WashU, and we look forward to working with you
to ensure a smooth financial transition.
Sincerely,
Michael Runiewicz
Assistant Vice Provost and Director of Student Financial Services
TUITION AND FEES
Tuition ........................$57,750
Student Activity Fee .............. $578
Student Health and Wellness Fee .. $538*
*Washington University has a student health
and wellness fee designed to improve the health
and wellness of the entire Washington University
community. The fee of $538 is billed half in the fall
and half in the spring.
In addition, to protect the health of our entire
community, the university requires all full-
time degree-seeking students to have health
insurance. The Washington University Student
Health Insurance Plan is billed to all students in
the fall semester at an estimated cost of $1,940.
To opt out of the plan, you must prove that you
have adequate coverage through another plan
by September 5. For more information about
the plan, as well as instructions for obtaining a
waiver through proof of adequate coverage,
visit the Student Health Services website at
shs.wustl.edu.
HOUSING CHARGES
SOUTH 40 RESIDENCE HALLS*
Triple .........................$12,350
Double ..............$11,846 or $12,350
Single ...............$13,364 or $13,724
*Cost depends on room location
All first-year students live on campus in one of the
Residence Houses on the South 40 Residential
Area. For more information about living on the
South 40, please see reslife.wustl.edu.
MEAL PLANS
Bronze Plan
(3,094 points)* ......................$4,638
Silver Plan
(3,994 points) .......................$5,550
Gold Plan
(4,900 points) .......................$6,444
Platinum Plan
(5,464 points) .......................$7,016
Campus Apartment Plan
(1,418 points)* ......................$2,088
Off-Campus Plan
(836 points)* ........................$1,298
*Not available for first-year students
All Washington University undergraduate students
subscribe to meal plans that can be used at any
dining facility on campus. These plans are described
in detail at diningservices.wustl.edu.
Charges for 2021–2022
*Refer to StudentAid.gov for 2021–2022 rates and fees.
Table of Contents
Since 1978, Washington University has been a pioneer in developing creative payment choices for parents. We work closely with our students
and their families to continually improve our Partners in Education with Parents (PEP) program, and we provide what we believe is the most
attractive set of payment options in American higher education.
PAGE NAME OF PROGRAM WHAT IS THE KEY FEATURE OF
THIS PLAN?
INTEREST RATE REPAYMENT
PERIOD
SUGGESTED
APPLICATION DEADLINE
2
PEP Multiyear Option Borrow and freeze up to four years
of future tuition, fees, and room
and board at the entering-year rate.
4.95% 10 years June 1
2
PEP Prepayment Option Freeze up to four years of charges at
the entering-year rate by prepaying
total cost.
n/a n/a June 1
2
PEP Combination Combine the PEP options by
prepaying a portion of charges and
financing the remaining charges.
Amount
borrowed: 4.95%
10 years June 1
3
PEP Annual Option Borrow one year at a time. 5.95% 10 years June 1
5
Standard Billing Semester-based billing and
payment.
n/a n/a n/a
5
Installment Payment
Plan
Spread out each semester’s
payments into monthly
installments.
$40 per semester
enrollment fee
n/a July 25
6
Federal Parent
PLUS Loan
Borrow one year at a time. 5.30% fixed with a loan
fee of 4.228%*
10 years June 1
6
Federal Student Loan,
Unsubsidized
Repayment of principal does not
begin until after the student
completes all academic work.
2.75% fixed with a
loan fee of 1.057%*
10 years June 1
2 |
MULTIYEAR*
The PEP Multiyear Option allows you to borrow one
initial amount at the start of your student’s entering
year to cover all or a portion of four years of tuition,
fees, and room and board. This option freezes the
charges covered by PEP at the entering-year rate.
You can benefit from our competitive, fixed interest
rate of 4.95 percent per year on the balance of the loan
and take up to 10 years to repay. There is no penalty
for prepayment.
Your monthly payments will depend on the amount
you borrow. The accompanying table shows monthly
payments for sample amounts borrowed. You may
consider using the PEP Combination Option to prepay
part of the charges, which will reduce your PEP
Multiyear monthly payments while taking full advantage
of the cost-saving benefit.
PREPAY*
You may choose to prepay, without borrowing from
Washington University, all or part of the tuition, fees,
and room and board charges for multiple years — up to
all four undergraduate years — at the entering-year rate.
This option assures families that the prepaid portion of
college expenses is covered and will not be subject to
later increases in university costs.
In order to receive the benefits of this option, you
must complete a PEP Application, and select the
“Prepay” option.
COMBINATION OPTION
You can also choose to prepay a lump sum portion
of the charges and then borrow the remaining
amount from Washington University through the PEP
Combination Option. This works well for parents who
may have saved for some or most of their student’s
college expenses and who also want to take full
advantage of the cost-savings benefits by financing the
remaining charges.
MULTIYEAR OPTION
FEATURES:
• Borrow all or part of all four
years of tuition, fees and
room and board.
• Freeze all four years of
charges covered by PEP at
the entering-year rate.
• Benefit from a consistent
monthly payment and a
competitive, fixed interest
rate of 4.95 percent per year.
• Take up to 10 years to
repay (no penalty for
prepayment).
PEP Multiyear, Prepay, and
Combination Options
YOUR PEP PARTICIPATION RATE
If you borrow, prepay, or use the combination option to
plan for all costs for all four years, your PEP Participation
Rate is 100 percent. This means 100 percent of future
years’ costs will be covered at the entering-year rate
(provided you select the same housing and meal plans).
If you use PEP to cover only a portion of your costs —
for example, costs that are not covered by financial
aid — your PEP Participation Rate will be less than 100
percent. You can calculate your PEP Participation Rate
and participation amount using the Financial Planning
Comparison Worksheet found under “Payment and
Financing Options” at financialaid.wustl.edu.
When you complete the PEP Application, you will select
which components of your son or daughter’s cost to
include in your plan (for example: tuition, fees, Modern
Double room, Silver meal plan). If your son or daughter
lives in university residential college housing as a
first-year and sophomore, then chooses to move to an
apartment in their junior year, the junior year cost of a
Modern Double room and Silver meal plan will still be
covered in that year and can be refunded to either the
student or parent to use toward apartment rent and off-
campus food expenses, or you may choose to reduce the
plan by the amount of unused room and board, adjusting
the principal and interest on the loan.
If, for any reason, your son or daughter decides not to
return to Washington University after a year or two, you
will not be penalized. You will be responsible only for
the semester your son or daughter was enrolled. If you
have a PEP loan, we reduce your plan by the unused
semesters, which reduces your principal and interest
balances. If you have prepaid, you will be refunded at
your initial investment rate for the number of unused
semesters.
Financial Information for Parents & Families | 3
Sample Financial Advantages
The benefits of freezing university charges with the
PEP Multiyear Option
You can calculate your estimated PEP monthly payments
on our website, financialaid.wustl.edu. Select
“Payments and Financing” to learn more.
*Minimum monthly payment is set at $25.
Sample Monthly Payments
PEP Multiyear (Repayment Period of 10 Years)
ANNUAL
If you prefer to borrow for college costs one year
at a time, then our PEP Annual Option might be your
best choice. Each year, you can borrow up to the cost
of that year’s tuition, fees, and room and board charges,
and take up to 10 years to repay. There’s no penalty for
prepayment, and you will benefit from our competitive,
fixed interest rate of 5.95 percent per year (for the 2021–
2022 academic year).
If you decide to borrow in the second, third, and fourth
years of your student’s undergraduate education, the
amount borrowed and the monthly payments would,
of course, increase. The Financial Planning Comparison
Worksheet at financialaid.wustl.edu or the "estimate
your cost" tool in your financial aid portal shows sample
monthly payments with the Annual Option.
ANNUAL OPTION FEATURES:
• Benefit from a competitive,
fixed interest rate for
each annual loan. Loans
made for the 2021–2022
school year will have a
fixed interest rate of 5.95
percent per year.
• Take up to 10 years to
repay each annual loan
with no penalty for
prepayment.
• Works well for families
who want to benefit from
lower monthly payment
in the near term, who are
unsure of their needs in
future years.
PEP Annual
Option
Amount Borrowed Monthly Payment*
$40,000 $423
$60,000 $635
$80,000 $847
$100,000 $1,058
1. Total university charges
$76,766
2. Minus financial aid
award
(Including grants,
scholarships, and student loans.
Not including work-study)
$45,766
3. Base-year PEP participation
amount
=$31,000
4. Multiplied by number of years x 4
(8 semesters)
5. Total PEP loan or prepayment
amount
=$124,000
6. Increase in charges not covered
by PEP participation (with a PEP
Participation Rate of 40%)
+$9,844
7. Total amount for 4 years
with PEP
=$133,844
Compare with:
Total amount for 4 years
without PEP*
* Future years’ charges are unknown.
This estimate is for illustration only.
=$140,501*
Amount saved with PEP
over 4 years
=$6,657
*The Multiyear Option, the Prepay Option, and the Combination Option require
participation of two, three, or four years. Only the Annual Option provides the ability to
borrow one year at a time.
4 |
CONTACTS
For information about
PEP and application
assistance, contact:
pepfinancial@wustl.edu
(800) 468-0569
(314) 935-4139
PEP Additional Information
ADDITIONAL FEATURES
OF BOTH PEP MULTIYEAR
AND ANNUAL OPTIONS
• We do not require security or collateral.
• We do not charge origination or loan fees.
• We require you to have a good credit rating, and we
make a judgment about your ability to handle your
monthly payments. In the Annual Option, we will ask
you to provide updated credit information for each
year that you borrow.
• Families of international students may participate
with a credit-worthy U.S. citizen co-applicant. Proof of
co-applicant citizenship and additional documentation
may be required. Contact our office for details.
• Prepayments on the loan may be made at any time
without penalty.
TO BORROW
Apply online at financialaid.wustl.edu or complete the
application on page 11.
TO PREPAY
Apply online at financialaid.wustl.edu or complete the
application on page 11.
APPLICATION DEADLINES
We encourage early a pplication, preferably by June 1.
Later applications are also acceptable; however, keep
in mind that unpaid university balances are subject to a
late fee. Appli cations for the Multiyear, Combination, and
Prepay Options will not be accepted after November 30.
Prepayments must be received by December 15, 2021.
Financial Information for Parents & Families | 5
CONTACTS
For information about completing
the Installment Payment Plan
application, contact:
CASHNet
(800) 339-8131
For general information regarding
the Installment
Payment Plan, contact:
Student Accounting
(800) 758-0050
(314) 935-5274
* CASHNet accepts Visa, Mastercard,
AMEX, and Discover. A 2.75%
surcharge is added to all credit
card payments.
STUDENT ACCOUNT BILLING
The fall semester billing statement will be available in
WebSTAC, the student information portal, beginning
July 1, 2021. The due date is August 20, 2021. The spring
semester billing statement will be available beginning
December 1, 2021, with a due date of January 20, 2022.
A billing statement of student account activity will be
generated on a monthly basis. A 2 percent late fee will
be applied each month on any unpaid balance. Students
can view their student account at any time by selecting
“Billing & Bear Bucks/Account Inquiry” in WebSTAC.
Incoming students will be invited to activate their
WUSTL Key (our single sign-on credential) and sign
in to WebSTAC by June. In WebSTAC, students can
select “Billing & Bear Bucks”/ “Pay/View My Bill” to
authorize others to view and pay their bill online.
Once invited by the student, parents can log in to view
billing statements, make payments, or select available
“Installment Payment Plan” options.
During the online enrollment process, students will
create a unique username for their parent/other user
required to manage their account online. Parent/other
users can then use the CASHNet ebilling portal to view
your student’s account status, payment history, and
online statements; make payments; and schedule one-
time and automatic payments.
INTEREST-FREE MONTHLY
INSTALLMENTS
The Installment Payment Plan, administered by
CASHNet, allows families to spread all — or part — of the
semester expenses into convenient monthly payments.
The enrollment fee is $40 per semester.
The Installment Payment Plan is flexible and convenient.
Each month, you may send a check or arrange to have
payments automatically deducted from your checking,
savings, or credit card* account. The Installment
Payment Plan allows you to enroll, manage your account,
and make payments online, 24 hours a day.
Fall Payment Plan
The spring semester Installment Payment Plan will be
available in WebSTAC beginning December 1, 2021.
If you enroll in the payment plan after the spring
semester due date of January 20, you may be subject to
a monthly 2 percent late fee.
Standard Billing & Installment Payment Plan
The number of monthly payments is determined by
the date of enrollment when you sign up.
You can estimate your monthly payment using
the Financial Planning Comparison Worksheet at
financialaid.wustl.edu or the "estimate your cost" tool
in the financial aid portal.
The fall semester Installment Payment Plan will be
available in WebSTAC beginning July 1, 2021. If you
enroll in the payment plan after the fall semester due
date of August 20, you may be subject to a monthly
2 percent late fee.
Spring Payment Plan
ENROLL BY FIRST
PAYMENT
DUE
# OF EQUAL
MONTHLY
PAYMENTS, ON
THE 1ST OF
EACH MONTH
July 25
August 1 5
August 25
September 1 4
September 25
October 1 3
October 25
November 1 2
ENROLL BY FIRST
PAYMENT
DUE
# OF EQUAL
MONTHLY
PAYMENTS, ON
THE 1ST OF
EACH MONTH
December 25
January 1 5
January 25 February 1
4
February 25
March 1 3
March 25
April 1 2
6 |
* Refer to StudentAid.gov for 2021–2022 rates and fees.
CONTACTS
For information about
Federal Direct Student
or PLUS Loans, contact:
Student Financial Services
(888) 547-6670
(314) 935-5900
Other Financing Options
FEDERAL PARENT PLUS LOAN
Through the federal government’s PLUS program,
parents can borrow up to the student’s cost of
education, less financial aid awarded to the student.
No demonstration of financial need is required. The
fixed interest rate and loan fee are set by the federal
government in June each year.
If you submit a request for a parent PLUS Loan at
StudentAid.gov, you’ll have the option to request a
deferment as part of the loan request process. If you do
not request a deferment, your monthly payments will
begin after the loan is fully disbursed (for a 2021–2022
academic year loan, January 2022). If you request a
deferment, you will not be required to make payments
while your child is enrolled at least half-time and for an
additional six months after your child graduates, leaves
school, or drops below half-time enrollment. However,
it is important to understand that during any period
when you’re not required to make payments, interest
will accrue on your loan, and your total cost for
the loan could increase significantly. The student
must also file a 2021–2022 Free Application for Federal
Student Aid (FAFSA), which you can complete online at
StudentAid.gov.
FEDERAL STUDENT LOAN
(UNSUBSIDIZED)*
Federal Student Loans are federally regulated student
loans. Students who do not demonstrate financial need
may wish to borrow through this program.
Federal Student Loan eligibility is $5,500 in a student’s
first year, $6,500 for sophomore year, and $7,500 per year
for juniors and seniors, based on credit hours earned.
No repayment of principal is required as long as the
student is enrolled at least half-time in an accredited
college or university (including graduate or professional
school). Students borrowing an unsubsidized Federal
Student Loan are responsible for interest while in school.
Interest may be paid or capitalized, as agreed by the
borrower and the Federal Student Loan program. The
fixed interest rate and loan fee are set by the federal
government in June each year. The student must also file
a 2021–2022 FAFSA, which can be completed on the web
at StudentAid.gov.
Loan Amount
$32,311
Amount Provided after 4.228%
Loan Fee
$31,000
Interest Rate
5.30%
STANDARD REPAYMENT
DEFER WITH INTEREST-ONLY
PAYMENTS UNTIL STUDENT
IS OUT OF SCHOOL
DEFER WITH NO
PAYMENTS WHILE
STUDENT IS IN SCHOOL
Monthly Payment while
Student in School
$347 $143 $0
Monthly Payment when
Student Graduates
$347 $525 $649
Total Paid over 10 Years
$41,696 $41,641 $46,693
LOAN EXAMPLE
10-YEAR REPAYMENT OPTIONS
Sample Monthly Payments & Loan Cost
Federal Parent Plus (Repayment Period of 10 Years)
Financial Information for Parents & Families | 7
For More Information
PARTNERS IN EDUCATION WITH
PARENTS (PEP)
Information and Application Assistance
Student & Parent Loan Programs
(800) 468-0569 or (314) 935-4139
Fax (314) 696-0563
pepfinancial@wustl.edu
financialaid.wustl.edu
Office Location:
Gary M. Sumers Welcome Center
Lower Level, Room 020
Mailing Address:
Student Financial Services
Partners in Education with Parents
MSC 1041-105-05
Washington University in St. Louis
1 Brookings Drive
St. Louis, MO 63130-4899
INSTALLMENT PAYMENT PLAN
General Information
Student Accounting
(800) 758-0050 or (314) 935-5274
Fax (314) 935-9798
student.billing@wustl.edu
studentaccounting.wustl.edu
Application Assistance
CASHNet
(800) 339-8131
FEDERAL LOANS
General Information
Student Financial Services
(888) 547-6670 or (314) 935-5900
Fax (314) 696-0563
financial@wustl.edu
financialaid.wustl.edu
8 |
Use the Financial Planning Comparison Worksheet online
at nancialaid.wustl.edu to calculate your options.
PEP OPTIONS: MULTIYEAR PREPAY COMBINATION ANNUAL
University Charges
1. 2021–2022 total university
charges
$76,766 $76,766 $76,766 $76,766
2. Sample financial aid
award
Including scholarships and
student loans (not including
work-study jobs)
-45,766 -45,766 -45,766 -45,766
3. Base-year out-of-pocket
amount
(Line 2 subtracted from Line 1)
=$31,000 =$31,000 =$31,000 =$31,000
PEP Participation Amount
4. PEP Participation Rate*
(Line 3 divided by Line 1)
40% 40% 40% N/A
5. Number of years of PEP
Multiyear, Prepay, or
Combination participation
(Typically 4 for an incoming first-
year student)
4 (8 semesters) 4 (8 semesters) 4 (8 semesters) N/A
6. PEP Participation amount
(Line 3 multiplied by Line 5)
$124,000 $124,000 $124,000 N/A
7. Prepayment
-$0 $124,000 -$24,000 N/A
8. Total PEP loan amount
(Line 7 subtracted from Line 6)
=$124,000 =$0 =$100,000 N/A
Amount Borrowed
First year
$124,000 $0 $100,000 $31,000
Sophomore year**
$0 $0 $0 33,687
Junior year**
$0 $0 $0 36,468
Senior year**
$0 $0 $0 39,346
Annual interest rate
4.95% $0 4.95% 5.95%
Loan fee
$0 $0 $0 $0
Payments
First year
Sophomore year
Junior year
Senior year
Monthly
$343
716
1,120
1,556
(and continuing until
each loan is fulfilled)
Amount Borrowed
Semester* Monthly Semester* One-time Semester* Monthly
$0 $1,312 $0 $124,000 $0 $1,058
801 1,312 801 801 1,058
1,630 1,312 1,630 1,630 1,058
2,488 1,312 2,488 2,488 1,058
(and continuing) (and continuing)
Financial Information for Parents & Families | 9
Future years’ financial aid is the same for all four years in this example in order to highlight the beneficial impact of PEP
Participation. The sample uses $57,750 for tuition, $1,116 in fees, $12,350 for a double room, and $5,550 for a meal plan.
Refer to the university charges listed on page 1. Use the Financial Planning Comparison Worksheet online at
financialaid.wustl.edu or the "estimate your cost" tool in the financial aid portal to calculate your options.
* A 40 percent PEP Participation Rate means that you are responsible for 60 percent of any WashU cost increases.
Semester payment totals do not include other charges (i.e., books, supplies, etc.).
** Future years’ charges are unknown. The estimates are for illustration only. The payment schedule shows a simple
interest loan and assumes an estimated 3.5 percent increase in total charges for illustration only.
First year
Sophomore year
Junior year
Senior year
Annual Cost Monthly
$80 $3,100
80 3,369
80 3,647
80 3,935
Monthly
$347
725
1,134
1,575
(and continuing until
each loan is fulfilled)
Per Semester
$15,500
16,844
18,234
19,673
ADDITIONAL
OPTIONS:
FEDERAL
PLUS LOAN
INSTALLMENT
PAYMENT PLAN
STANDARD
BILLING
University Charges
1. 2021–2022 total university
charges
$76,766 $76,766 $76,766
2. Sample financial aid
award
Including scholarships and
student loans (not including
work-study jobs)
-45,766 -45,766 -45,766
3. Base-year out-of-pocket
amount
(Line 2 subtracted from Line 1)
=$31,000 =$31,000 =$31,000
First year
$32,311 $0 $0
Sophomore year**
35,111 0 0
Junior year**
38,009 0 0
Senior year**
41,010 0 0
Annual interest rate
5.30% 0 N/A
Loan fee
4.228% $40 per semester N/A
Amount Borrowed
Payments
10 |
Current Interest Rates
2.75%
Fixed,
1.057%
Loan Fee
2.75%
Fixed,
1.057%
Loan Fee
Undergraduate Subsidized
Undergraduate Unsubsidized
Federal Student Loan*
Federal Parent PLUS Loan*
Current Interest Rates
5.30%
Fixed,
4.228%
Loan Fee
Federal Loan Program for
Parents of Undergraduate
Students and for Graduate/
Professional Students
Multiyear Loan
Amount
Provided
$5,000
$10,000
Interest
Rate
4.95%
4.95%
Loan
Term
10 years
10 years
Total Paid
Over 10 Years
$6,349
$12,699
Annual Loan
Amount
Provided
$5,000
$10,000
Interest
Rate
5.95%
5.95%
Loan
Term
10 years
10 years
Total Paid
Over 10 Years
$6,646
$13,292
Loan Cost Examples
Loan Programs
* Fees and rates subject to
legislative change.
LOAN INTEREST RATES
AND TERMS
The PEP Multiyear Loan carries a fixed interest
rate of 4.95 percent. The PEP Annual Loan
carries a fixed rate of 5.95 percent. Both loan
options carry a 10-year repayment period.
Interest will accrue from the beginning of the
repayment period. Payment begins immediately,
and payments may not be deferred.
LOAN FEES
There are no loan fees, guarantee fees, or
repayment fees associated with either loan. The
loan does not require security or collateral. A
$10 fee will be assessed for late payments.
FEDERAL LOAN ALTERNATIVES
You or your child may qualify for federal
education loans through the Direct Loan
program. For additional information, contact
Student Financial Services at (888) 547-6670 or
(314) 935-5900. The Department of Education
provides information at StudentAid.gov.
NEXT STEPS
1. Find out about other loan options. For additional
information, contact Student Financial Services at
(888) 547-6670 or (314) 935-5900.
2. Apply for the PEP loan. You can apply online at
financialaid.wustl.edu, or complete the enclosed
application and return it to the mailing address on
page 7. If you are approved for this loan, the loan
terms will be available for 30 days (terms will not
change during this period, except as permitted by
law). Applications for the Multiyear option will not be
accepted after November 30, 2021.
3. Completion of Installment Agreements. Upon loan
approval, you will be provided with the following
documents: A letter from the university, a Loan
Installment Agreement, and a Private Loan Borrower
Self-Certification Form. You will be asked to carefully
read the Install ment Agreement. The loan terms will
be available for 30 days (terms will not change during
this period, except as permitted by law). Funds cannot
be applied to your student’s account until all loan
documentation is complete.
REFERENCE NOTES
Eligibility Criteria: This program is designed to provide
financing options for parents/legal guardians of
undergraduate students at Washington University.
Borrowers must have a good credit rating. A co-signer
may be required if credit criteria are not met. The Annual
Loan option requires a credit check for each year an
application is received.
Bankruptcy Limitations: If you file for bank ruptcy, you
may still be required to pay back this loan.
Loan Prepayment: You may prepay the loan at any time
without penalty.
PEP Truth in Lending Disclosures
Please read the Partners in Education with Parents (PEP) information before completing this application. We encourage early
application. Submission of the PEP application does not mean you are obligated to accept the loan. International families must
have a U.S. citizen co-applicant (see page 4). Applications will be processed in the order received.
If you are using the Prepay option, complete only the shaded sections. If you borrow or select a combination, complete the entire application.
STUDENT INFORMATION Please Print
1. Social Security Number: __ __ __ – __ __ – __ __ __ __ 2. Birthdate: __ __/__ __/__ __ __ __
3. Name: ______________________________________________________________________________________________________________
Last First M.I.
4. Academic level in the 2021–2022 school year: first-year sophomore junior senior
PARENT APPLICANT AND CO-APPLICANT INFORMATION
If you file your federal income tax jointly, complete the Parent Applicant and Co-Applicant sections. Disregard if prepaying.
APPLICANT
Please Print Mr. Mrs. Ms. Dr.
5. Name: _________________________________________________
Last First M.I.
6. Address: ________________________________________________
7. City/State & ZIP: _________________________________________
_______________________________________________________
8. Home Phone Number: ( ) _____________________________
9. Birthdate: __ __ /__ __ / __ __ __ __
10. Social Security Number: __ __ __ – __ __ – __ __ __ __
11. Employer: ____________________________________________
12. Occupation: ___________________________________________
13. Employer Address: ______________________________________
14. City/State & ZIP: ________________________________________
_________________________________________________________
15. Work/Cell Phone Number: ( ) _________________________
16. Email Address: _________________________________________
CO-APPLICANT (normally spouse)
Please Print Mr. Mrs. Ms. Dr.
17. Name: ________________________________________________
Last First M.I.
18. Address: ______________________________________________
19. City/State & ZIP: _________________________________________
_________________________________________________________
20. Home Phone Number: ( )_____________________________
21. Birthdate: __ __ /__ __ / __ __ __ __
22. Social Security Number: __ __ __ – __ __ – __ __ __ __
23. Employer: _____________________________________________
24. Occupation: __________________________________________
25. Employer Address: ______________________________________
26. City/State & ZIP: _______________________________________
_________________________________________________________
27. Work/Cell Phone Number: ( ) _________________________
28. Email Address: _________________________________________
FINANCIAL INFORMATION
Please provide financial information requested below for both applicant and co-applicant, if applicable.
29. As of the most recent statement, please provide the market value of the following assets:
a) Liquid Assets (Cash, Savings, Checking) $____________
b) Investments Outside Retirement Plan(s) (Stocks, Bonds, Mutual Funds, CDs, other) $_____________
c) Retirement Investments (401(k), IRAs, 403(b), Other) $_____________
30. As of the most recent statements, provide the net worth of: Current Businesses $___________ Real Estate Investment $__________
31. Do you own your home? If Yes, what is your monthly payment? $_____________ If No, what is your monthly rent? $_____________
Note: Enclose a copy of your (and your co-applicant’s, if appropriate) 2020 federal income tax return, including Schedule A, if applicable (only if borrowing).
If you are self-employed, please also enclose your 2019 return. This information will be treated in the strictest confidence.
PARTNERS IN EDUCATION WITH PARENTS
(PEP) APPLICATION 2021–2022
Application continues on other side.Please call (800) 468-0569 if you have any questions.
PEP WORKSHEET
Use this worksheet to calculate the amount of university charges you would like to borrow or prepay. Note: You may customize your PEP Multiyear
borrowed amount by choosing different housing and meal plans in upperclass years. Please contact a PEP representative at (800) 468-0569 to discuss
your options.
Sample Your Calculation
Tuition $57,750 $__________
Student Activity Fee, Health & Wellness Fee $1,116 $__________
Housing Charges* (select one, or enter “0”) $12,350 $__________
*Your housing choice in this calculation does not guarantee your student will be
assigned to your first choice by Residential Life.
Modern: Single $13,724*, Double $12,350, Triple $12,350
Traditional: Single $13,364, Double $11,846
*Available only to upperclassmen and students with documented medical needs
Food Service (select one, or enter “0”) $5,550 $__________
Bronze $4,638*, Silver $5,550, Gold $6,444, Platinum $7,016,
Campus Apartment Plan $2,088*, Off-Campus Plan $1,298**
*Not available to first-year **Available only to students living off-campus
Total University Charges $76,766 $__________
Subtract your 2021–2022 financial aid award
(Include scholarships, grants, and student loans. Exclude federal work-study.) $__________
This is your base-year PEP Participation amount $__________
Enter the number of years you want covered by PEP (1, 2, 3, or 4) __________
You may also choose to cover 1.5 years (3 semesters), 2.5 years (5 semesters), or 3.5 years (7 semesters)
Participation to determine your total PEP loan or prepayment amount
PEP PARTICIPATION
32. How would you like to participate? Multiyear Prepay Combination (Multiyear and Prepay) Annual
33. If you selected the PEP Multiyear Option, how much would you like to borrow? (based on worksheet above) $ _______________
34. If you selected the PEP Prepay Option, how much do you plan to prepay? (based on worksheet above) $ _______________
35. If you selected the PEP Combination Option, how much would you like to borrow, and how much would you like to prepay?
(based on worksheet above)
Borrowing $_______________ Prepayment $_______________
36. If you selected the PEP Annual Option, how much would you like to borrow for the 2021–2022 school year? $ _______________
(based on worksheet above)
Is there any aspect of your financial situation that, in your judgment, may adversely affect your ability to repay your PEP loan? If so, please
explain on a separate sheet of paper. (Examples: suits, judgments pending, guarantor of someone else’s debt, adverse credit rating, etc.)
The USA Patriot Act of 2001 (Section 326) requires us to obtain, verify, and record information that identifies each person who receives a loan
from our institution. The information we are required to collect prior to approving your loan includes your full name, date of birth, and perma-
nent address. Federal law also permits us to request additional identifying information and documentation, such as a social security number,
to verify your identity in connection with this application.
If you have selected the PEP Multiyear or PEP Annual Option, your signature authorizes Washington University to obtain a credit report to
verify the information you have provided on this application.
37. Applicant’s Signature: ______________________________________________________________________________________________
(date)
38. Co-Applicant’s Signature: ___________________________________________________________________________________________
(date)
Financial Information for Parents & Families | 13
Frequently Asked Questions
This is hard to understand. What should I do?
Use the Financial Planning Comparison Worksheet at
financialaid.wustl.edu or the "estimate your cost"s tool
on the financial aid portal to get an idea of the monthly
payments for each program based on your family’s
situation. Still have questions? Call us. We can help.
What is the interest rate for the Installment
Payment Plan?
There is no interest. Only an administration fee of $40 per
semester will be charged.
Is it possible to use the PEP plan for some of our
expenses and the Installment Payment Plan for
the rest?
Yes. Let us know what you have in mind, and we will
design the right combination for you.
What if my college savings do not cover all of
what I need?
PEP offers a Combination Option, which allows you to
prepay a portion of the charges and borrow the remaining
amount for up to all four years. This Combination Option
allows you to take full advantage of the cost-saving
benefit by maximizing your PEP Participation Rate (see
page 2 for details).
Does a PEP loan have a loan fee or any
other fees?
No.
What is the maximum amount I can borrow under
the PEP plan?
You can borrow the cost of tuition, fees, and room
and board, less financial aid (scholarships, student
loans, etc.).
Can I pay my PEP loan back in fewer than 120 months?
Yes. We can arrange your PEP loan to be repaid for any
number of months. There are no prepayment penalties.
How does freezing tuition, fees, and room and board
work under the PEP Multiyear Combination and
Prepay Options?
You can freeze the costs of tuition, fees, and room and
board charges for four years at the entering-year rate.
The percentage of total charges frozen is equal to your
participation rate in the PEP program. To calculate how
much of your costs can be frozen in this way, use
the Financial Planning Comparison Worksheet at
financialaid.wustl.edu.
Under the PEP Multiyear Option, can I finance fewer
than four years’ expenses?
Yes. With the Multiyear Option, you can finance two,
three, or four years of educational expenses. Use the
PEP Annual Option to finance one year at a time.
If I choose the PEP Annual Option in my student’s
first year, can I still apply for the PEP Multiyear
Option in future years?
Yes, you may apply for the PEP Multiyear Option at the
beginning of your student’s sophomore or junior year.
What happens to my PEP room and board coverage if
my student moves off campus?
We can send you a check for your room and board
coverage at the beginning of each semester so you can
pay for off-campus rent and food. Or, we can reduce the
plan by the unused number of semesters for room and
board, adjusting the principal and interest on the loan.
What happens to my PEP loan or prepayment if
my student decides not to return to Washington
University after a year or two?
You will not be penalized — you will be responsible only
for the semesters your son or daughter was enrolled. If
you have a PEP loan, we reduce the plan by the unused
semesters, which reduces your principal and interest
balances. If you have prepaid, you will be refunded at
your initial investment rate for the number of unused
semesters.
Can I get help to decide which plan is best for
my family?
Yes. Call one of our counselors toll-free at
(888) 547-6670.
STUDENT FINANCIAL SERVICES
MSC 1041-105-05
Washington University in St. Louis
1 Brookings Drive
St. Louis, MO 63130-4899
(888) 547-6670 or (314) 935-5900
Fax: (314) 696-0563
financial@wustl.edu
financialaid.wustl.edu
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