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?
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, Manage My Account, Account Activity.
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.
Moraine Park Technical College
ATTN: K. Hess
PO Box 1940
Fond du Lac, WI 54936-1940
- 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