Through our Third-Party Billing department at ODU, we make it easier for students, parents and business sponsorships to manage the financial aspects of their recipient’s education. With access to additional financial resources and support, this will help to ensure that our student’s educational goals are within reach. We believe that understanding the cost of your education is key to your success. Our Third-Party Billing services are designed to make your financial responsibilities clear and manageable, so you can focus on what matters most—your academic journey at ODU.
Getting Started
- The student or the third party organization will submit tuition assistance documentation, along with their third party organizational information and requirements for billing.
- The third party organization will contact the third party billing department to set up a third party billing organizational contract (Memorandum Of Understanding/MOU) or account .
- Once the organizational account is set up and the tuition assistance documentation is received, the tuition assistance document is reviewed to make sure all pertinent information has been correctly provided. Student’s tuition assistance funding is then added to the third party organization’s account. An invoice is created and sent for payment.
Important Information For Students:
- Students need to review their tuition assistance (TA) documents to ensure important information is correctly listed before submitting the document. (Ex. Third Party Organizational contact/representative information and billing requirements)
- Students should frequently review their student accounts to make sure that there are no discrepancies or outstanding balances not covered by the TA document.
- Students need to make sure that the course(s) that they are registered for match the course(s) listed on their TA documents.
- Learn more about Third Party Payments for students here.
Third Party Billing FAQs
Third Party Billing is the process of invoicing an internal and/or external organization or private sponsorship for goods and/ or services, that assumes payment responsibility.
At the higher education level…this pays for the student’s tuition, fees and additional educational expenses…such as housing, books and meal plans.
There are several types of Third Party Billings provided by:
- Employers
- Educational School Entities
- Government agencies ( Federal, 91¶ÌÊÓƵ and Local)
- Military Components (Army, Navy, Marine, Air Force etc.)
- Educational Savings Plans (Invest529, VA Prepaid)
- Private Sponsorships
- Interdepartmental Funding Programs
- Our Third Party Billing Department here at ODU provides the convenience of in-house integrity that delegates an efficient billing process from beginning to end.
- Third Party Billing provides the business organization and sponsorshipsÌý the tailored freedom to set up their accounts, select payment options and customize billing guidelines.
- The Third Party Billing department directly interacts with business representatives providing customer service assistance with invoicing issues, collecting payments and following up on past due balances.
- Third Party Billing Payments are processed quicker and more efficiently. The fast track payments are safe and provides secure payment options that students, parents and business organizations can trust.
- Students have direct access to their student accounts and always have Third Party Billing assistance to review balances and request account information as needed.
- The third party billing process shifts the financial liability from the student to the third party organization which prevents financial holds and late penalties on the student’s accounts.
- The third party organization is billed and pays the university directly for student debt balance, which reduces past due collections for non-payment.
- Creates flexibility for the third party organizational billing process, payment methods, adjustments and refunds.
B2C
Student initiated third party billing, business to consumer relations (students inquire to their third party organizations if third party billing programs are available)Ìý
B2B
91¶ÌÊÓƵ initiated third party billing. Business to business relations. (third party organizations that have MOU/contractual agreements with the university.)
Global/Nationwide
Funding that is nationwide or global, examples include military, government agencies, can be federal, state, or local.
Need More Information?
Use the links below to email our department or call our third party billing representatives.Ìý