{"id":103,"date":"2017-11-28T15:16:18","date_gmt":"2017-11-28T15:16:18","guid":{"rendered":"http:\/\/www.montclair.edu\/red-hawk-central\/?page_id=103"},"modified":"2025-07-23T09:59:22","modified_gmt":"2025-07-23T13:59:22","slug":"third-party-payment","status":"publish","type":"page","link":"https:\/\/www.montclair.edu\/red-hawk-central\/student-accounts\/third-party-payment\/","title":{"rendered":"Third Party Payment"},"content":{"rendered":"<p>The Office of Student Accounts offers to invoice directly third-party company\/sponsors after the\u00a0<a href=\"\/red-hawk-central\/registrar\/add-drop\/\">Add\/Drop Period<\/a> (such as the US Federal Government, foreign governments, private companies, etc) for the educational costs of Ä¢¹½ÊÓƵ students. Ä¢¹½ÊÓƵ only accepts a Letter of Credit\u00a0from a student under the condition that the sponsor\/company will pay Ä¢¹½ÊÓƵ directly by the established\u00a0<a href=\"\/red-hawk-central\/student-accounts\/payment-deadlines\/\">Payment Deadlines<\/a>. A\u00a0Letter of Credit\u00a0does not relieve the student from any financial responsibilities to Ä¢¹½ÊÓƵ.<\/p>\n<h2>Payments to Ä¢¹½ÊÓƵ<\/h2>\n<p><strong>All payments must be made directly to Ä¢¹½ÊÓƵ by the established deadline.\u00a0<\/strong>In instances where a company\/sponsor will not remit payment until after the completion of a course or semester or if payment is contingent on grades, it is then the student&#8217;s responsibility to arrange for payment of his or her balance by the\u00a0<a href=\"\/red-hawk-central\/student-accounts\/payment-deadlines\/\">Payment Deadlines<\/a>\u00a0and seek reimbursement from their company. Should the balance not be resolved, you will be subject to late fees, removal from housing, Canvas deactivation or deregistration.<\/p>\n<h3>Letter of Credit<\/h3>\n<p>All students must email (<a href=\"mailto:Thirdpty@montclair.edu\">Thirdpty@montclair.edu<\/a>) an official Letter of Credit (on company letterhead) on <strong>or before the semester due date<\/strong>. Any remaining balance that the Letter of Credit may not cover becomes the responsibility of the student.<\/p>\n<p>The student is ultimately responsible for all amounts due on their account. In the event the company\/sponsor fails to make payment, financial responsibility will revert to the student. It is ultimately the student\u2019s responsibility to monitor his\/her bill on <a href=\"http:\/\/www.montclair.edu\/nest\">NEST<\/a> and contact his\/her company regarding payments being sent to the University.<\/p>\n<p>In order to ensure prompt processing, authorizing document must contain the following information (authorizations which fail to meet any of these requirements may be deemed insufficient).<\/p>\n<ul>\n<li>Student name.<\/li>\n<li>Ä¢¹½ÊÓƵ CWID number.<\/li>\n<li>Name, physical address, and email address of the company\/sponsor.<\/li>\n<li>Academic terms covered.<\/li>\n<li>Types of charges covered (i.e., tuition, fees, housing, etc.)<\/li>\n<li>Expected dollar amount of coverage.<\/li>\n<li>Any special invoicing requirements of the company\/sponsor.<\/li>\n<\/ul>\n<h2>Employer Reimbursement<\/h2>\n<p>Employer reimbursement is typically contingent upon academic performance. Students who are receiving reimbursement from their employers are responsible for paying the balance in full by the due date. Ä¢¹½ÊÓƵ will not defer tuition payments for students with pending employer reimbursement. If payment is not received by the due date students will be subjected to late fees, registration and\/or transcript holds, and a possible interruption in courses.<\/p>\n<p>Employers often request an itemized statement\u00a0with the cost of tuition and associated fees (this information is also available on <a href=\"http:\/\/www.montclair.edu\/nest\">NEST<\/a>).\u00a0The Student Account Bill online and requested itemized statements do not include the costs per course.<\/p>\n<p>Students can submit a request by filling out the <a href=\"https:\/\/www.montclair.edu\/red-hawk-central\/forms\/#student-accounts\">Employer reimbursement Itemized statement Request Form<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The Office of Student Accounts offers to invoice directly third-party company\/sponsors after the\u00a0Add\/Drop Period (such as the US Federal Government, foreign governments, private companies, etc) for the educational costs of Ä¢¹½ÊÓƵ students. Ä¢¹½ÊÓƵ only accepts a Letter of Credit\u00a0from a student under the condition that the sponsor\/company will pay Ä¢¹½ÊÓƵ State [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":7792,"parent":96,"menu_order":16,"comment_status":"closed","ping_status":"closed","template":"","meta":{"inline_featured_image":false,"footnotes":""},"class_list":["post-103","page","type-page","status-publish","has-post-thumbnail","hentry"],"_links":{"self":[{"href":"https:\/\/www.montclair.edu\/red-hawk-central\/wp-json\/wp\/v2\/pages\/103","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.montclair.edu\/red-hawk-central\/wp-json\/wp\/v2\/pages"}],"about":[{"href":"https:\/\/www.montclair.edu\/red-hawk-central\/wp-json\/wp\/v2\/types\/page"}],"author":[{"embeddable":true,"href":"https:\/\/www.montclair.edu\/red-hawk-central\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.montclair.edu\/red-hawk-central\/wp-json\/wp\/v2\/comments?post=103"}],"version-history":[{"count":13,"href":"https:\/\/www.montclair.edu\/red-hawk-central\/wp-json\/wp\/v2\/pages\/103\/revisions"}],"predecessor-version":[{"id":7749,"href":"https:\/\/www.montclair.edu\/red-hawk-central\/wp-json\/wp\/v2\/pages\/103\/revisions\/7749"}],"up":[{"embeddable":true,"href":"https:\/\/www.montclair.edu\/red-hawk-central\/wp-json\/wp\/v2\/pages\/96"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.montclair.edu\/red-hawk-central\/wp-json\/wp\/v2\/media\/7792"}],"wp:attachment":[{"href":"https:\/\/www.montclair.edu\/red-hawk-central\/wp-json\/wp\/v2\/media?parent=103"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}