As a sponsor, you will better understand New York University’s third party billing process by reading the information below.

The third party billing process is initiated when the University receives a financial guarantee or authorization from the sponsor or student. Upon receipt of the authorization and if the student has registered for courses, the student's account is credited conditionally for the expected amount of the sponsor's payment. The credit on the student's account does not reflect payment from the sponsor and remains on the account to prevent late fees or penalties.

Third party billing statements are prepared after the drop/add period for the term (usually after the 2nd week of classes) in order to limit the changes that might impact the amount due for tuition and fees. Billing statements are generated in USD and e-mailed directly to the sponsor. The student will not be able to review or sign bills before they are mailed. The statement provides the student’s name, break down of charges by type, dollar amount and the number of academic credits attempted that term.

3rd Party Billing Schedule

Spring 2020 Billing Date Due Date
Initial Bill February 10, 2020
March 5, 2020
Final Bill March 6, 2020
April 3, 2020
Removal of Billed Credit* April 6, 2020
Summer 2020
Billing Date Due Date
Initial Bill May 28, 2020
June 12, 2020
Final Bill June 15, 2020
July 7, 2020
Removal of Billed Credit* July 8, 2020

We are able to accept authorizations or financial guarantee letters received after the Final Bill Date for the term - and invoice an organization, but we will not apply an Anticipated 3rd Party Credit on the student account until the payment is received. All applicable holds will remain on the student account.

If a sponsored student withdraws before the end of a semester, the sponsor will be billed for sponsored expenses in accordance with the university’s withdrawal policy

The third party billing payment is due by the date indicated on the invoice. If payment is not made prior to the Removal of Billed Credit date for the semester, the student is billed for the unpaid amount. A notice of non-payment will be sent to the student, and a hold will be placed on the student account that prevents the issuance of transcripts and future registration.

In order to ensure that check payments are applied correctly, please attach the invoices you are submitting payment for and mail the check to:

New York University
Office of the Bursar
105 East 17th Street, 3rd Floor
New York, NY 10003
Attn: Third Party Payment