Third Party Contracts Frequently Asked Questions (FAQ)
What is a Third Party Contract (TPC)?
What do I need to know about Third Party Contracts?
How does a Third Party Contract
affect my account?
Can I get a refund if my account shows a credit balance?
My bill does not list my contract. What do I do?
What happens if my contract is not paid?
Do you send grades/transcripts to third parties?
Who can help my third party or me
with questions?
What is not considered a Third
Party Contract?
A:
A Third Party Contract is an agreement between Moraine Park and an
organization that makes a commitment to pay a designated amount towards your
educational expenses. Third parties require a billing invoice to be
forwarded to them for payment for every semester of attendance. Third Party
Contracts are subject to the same federal reporting requirements as other
financial aid.
A:
What are your third party requirements?
Q: How does a Third Party Contract affect my account?
A:
The third party provides a signed Third Party Contract
authorization at the beginning of the semester. After you have registered,
your account is credited conditionally for the expected amount. At the end
of the drop/add period, Moraine Park will submit a billing invoice to the
third party on your behalf.
Q: Can I get a refund if my account shows a credit balance?
A:
The account is reviewed to determine whether the credit balance
results from actual payments or conditional credits. The College does not
refund conditional credits.
Q: My bill does not list my contract. What do I do?
A:
Go to myMPTC, Manage My Account, Account Activity.
Q: What happens if my contract is not paid?
A:
You are legally responsible
to pay the cost of your educational expenses if the third party does not
pay.
Q: Do you send grades/transcripts to third parties?
A:
The relationship between the third parties and Moraine Park
involves billing and payment matters only. You are responsible for providing
all other required information.
Q: Who can help my third party or me with questions?
A:Contact:
Moraine Park Technical College
ATTN: H. Bruns
PO Box 1940
Fond du Lac, WI 54936-1940
920-924-3218
hbruns@morainepark.edu
Q: What is not considered a Third Party Contract?
A:
- Contracts that do not require a billing invoice; i.e., Americorp
- Reimbursements: When a student completes the semester and has to turn in a grade/transcript to receive the funds
- Trust Funds: Letters from executor of estates or bank
- Prepayment Plans: Families pay into a 529 account for college funds
- Scholarships