The University of Chicago offers the opportunity for students to have their student account charges directly billed to an agency or organization who assumes responsibility for charges through the application of a TPC. A TPC may be issued per quarter or for the full academic year, and only if the sponsor assumes unconditional responsibility for your student account charges. If the sponsorship is conditional (i.e. requiring attaining a minimum grade, providing transcripts, etc.) your sponsorship does not qualify for a TPC.
To apply for this service, you must complete and submit the Third Party Contract application form and your sponsor must submit a letter of credit.
Once the TPC has been received, the amount your sponsor has agreed to pay will be deferred on your student account and your sponsor will be billed for the contracted amount. The deferment DOES NOT indicate payment. It only reflects the amount your sponsor has agreed to pay, and you, the student, are ultimately responsible for your student account balance. Any amount unpaid by your sponsor by the due date will be transferred back to your student account. See the Third Party Contract (TPC) application for deadline and invoice dates.