A third-party sponsor is an entity that has agreed to pay all or a specified portion of a student or group of students' tuition, fees, books and other charges at an institution of higher education. Third-party sponsors may include but are not limited to, federal and state agencies, corporations, employers, school districts, trade unions, tribes, clubs, charitable organizations and foreign governments. OU requires a sponsor to provide an official document guaranteeing payment. That document should include the following information:
Student's University ID number
Semester and/or Duration of the Contract
Charges the Sponsor Agrees to Pay
Sponsor Contact Name and Phone Number
The university receives and processes payments for third-party accounts on behalf of the student. All third-party billing occurs after the add/drop period of each semester to ensure billing accuracy. A payment from a student's third-party sponsor will be posted to his/her account in anticipation of receipt of funds from his/her sponsor. If funds are not received from the sponsor within 45 days from the billing date, the payment will be reversed his/her student account. University services to the student may be restricted if financial obligations are not met.