Third Party Payment is when a domestic or foreign company, corporation, state or government agency has been granted, by SRFS, special billing arrangements to cover tuition and other fees for students that they sponsor. SRFS must have an official letter of authorization on file from your sponsor.
If your company or sponsor accepts the student bill and makes payment using Penn.Pay they do not need to be set up as a Third Party Sponsor.
Official Letter of Authorization from the Sponsor includes:
- student’s name
- student’s Penn ID
- semester or duration of program
- charges they will be responsible for
- address where to send the bill
- contact person’s name, address, telephone#, and email address
Examples of Third Party Payments Sponsors:
Companies: Bain & Company, Ford, Boeing, AT&T, etc. State & Government Agencies: OVR, Veterans, Dept. of Health and Human Services, All Military (ROTC’s and Miscelllaneous), etc.
Foreign: All foreign Embassy’s, Singapore, Saudi Arabia, Turkey, Brazil, Malaysia, Indonesia, etc. Students who are sponsored and do not have other financial aid but have questions regarding their sponsorship billing, should contact the third party billing unit of SRFS. All correspondence, contracts, military forms, tuition assistance forms and payment vouchers from the government or companies should be sent directly to the third party office (not to the P.O.Box) at:
SRFS/Third Party Payments
University of Pennsylvania
Franklin Building, Room 100
3451 Walnut St.
Philadelphia, PA 19104
Students are responsible for on time payment of any charges not paid for by their sponsor. They will be subject to a late payment penalty of 1.5% per month on any past due balance. Please refer to the "Paying your bill" section on how to make a payment.