13 Apr Third Party Billing Agreement Template
Temple University requires your organization/company`s permission to enter into a third-party billing contract that allows the university to charge your organization/business directly for an authorized student account fee. Students whose organization/company has not authorized the full payment of all tuition and tuition fees are responsible for paying the remaining fees until the billing due date. The third-party bill (contract) is the process by which De Temple University charges an external organization/company for all or part of a student`s teaching and/or expenses. Third-party billing is unique in that the organization/external company needs a university invoice before payment is made. Third-party counting (contract) is subject to the same federal reporting obligations as other subsidies. If you expect a third party to pay your tuition and other fees, special agreements must be made with the third-party coordinator before the invoices can be issued to the third party. Students have four tasks as third-grade accounting students: the student`s organization/business receives an invoice at the end of the add/drop period of each semester. The third-party coordinator must have a valid authorization from your organization/company. The letter of authorization or proof must appear on the letterhead of the organization or company and include the original signature of an official authorized to make the payment on behalf of the organization or company. Permission must be sent before the payment due date: students are asked to stay in touch with their organization/company until the conditions of the authorization are met. After receiving a valid authorization, the third party coordinator applies a conditional credit to the student`s account.
Any student whose organization/company does not pay the authorized fees until the end of the semester is cancelled their conditional credit and is responsible for paying the unpaid fees. A financial freeze and late fees can be placed on students` accounts until the balance is fully paid.