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What happens to my PEP loan if my son or daughter decides not to return to Washington University after a year or two?

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What happens to my PEP loan if my son or daughter decides not to return to Washington University after a year or two?

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We reduce the plan by the unused semesters resulting in a reduction to your principal and interest balances. You will not be penalized — you will be responsible only for the semesters your son or daughter was enrolled.

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