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?

Q: What is a Third Party Contract (TPC)?
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.

Q: What do I need to know about Third Party Contracts?
A: What are your third party requirements? What is the dollar amount of the contract? You are responsible for paying your portion of the remaining billing invoice by the due date or late charges will appear on the account. Moraine Park can bill the third party for educational expenses on your behalf. These expenses can consist of tuition, fees, and books.

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, Student tab, Student Finance, and "Payment Suite." If you do not see your third party commitment, it means Moraine Park has not received a Third Party Contract, or you may not have yet met the requirements.

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: K. Hess
PO Box 1940
Fond du Lac, WI  54936-1940

920-924-3238

khess2@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