When is the 3rd party authorization applied to the students account so they are not accountable for the bill for their tuition?
Right after the add/drop period ends, the Accounts Receivable office starts processing the 3rd party authorizations. Within the 30 days after the add/drop period ends, we process that authorization for that student, our system posts a payment to the student account paying them an amount equal to the authorization and at the same time puts a charge on the clients/entities account equal to the authorization. The student account is paid and the company/entity is now responsible for those charges. An invoice is then sent to the company/entity.
Related Questions
- When is the 3rd party authorization applied to the students account so they are not accountable for the bill for their tuition?
- Is the $400 that is due June 1 for incoming new students applied to the student tuition account?
- Why is there a "Transfer Payment to 9PAY" on my student account / tuition and fees invoice?
