Fillable Virginia Western Community College Third Party Tuition Sponsorship Agreement

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Virginia Western Community College Third Party Tuition Sponsorship Agreement

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THIRD PARTY TUITION SPONSORSHIP AGREEMENT
This AGREEMENT is entered into this _____________ day of __________________,
20___ between ____________________________________ (hereinafter “the Sponsor”) located
at _________________________________________________________ (Address) and
___________________________ Community College, an institution of the Virginia Community
College System, an agency of the Commonwealth of Virginia (hereinafter “the College”), located
at ___________________________, Virginia.
WHEREAS, the College offers educational and training programs for students enrolled therein;
and
WHEREAS, the Sponsor desires to pay:
□ Tuition and fees □ Books □ Supplies
for _______________________ (Name) or the individuals provided on an attached list
(hereinafter “the Student(s)") to enroll and attend the College for the
________________________________ semester(s).
NOW THEREFORE, in consideration of the promises herein contained and potentially other
good and valuable consideration the parties agree as follows:
Payment
: Charges for tuition and fees shall be those established by the College’s State Board for
Community Colleges for the academic year during which the Student(s) enroll(s). The Sponsor
hereby agrees to pay up to $______________ per semester for __________ semester(s) on the
Student’s/Students’ behalf, or for the courses and/or the amounts and number of semesters shown
for each Student on any attached list. The Charges shall be:
□ After financial aid is applied
(
For financial aid that is in place on the last day to drop classes for the term)
□ Regardless of financial aid
Tuition and fee amounts due for ensuing semesters are subject to change. After the Student(s)
enroll(s) and/or schedule(s) classes, and the College’s add/drop period is over, the College will
invoice the Sponsor directly and provide the Student with his/her tuition balance upon request.
The Sponsor shall pay all amounts due within thirty (30) days of receiving the College’s invoice.
Unless prohibited by law, any amount remaining due after thirty (30) days from the Sponsor’s
receipt of the College’s invoice will be subject to a $10 late payment charge per month until it is
paid. If the Student(s) drops from classes after the College’s add/drop period due to reasons
meeting the College’s criteria for extenuating circumstances, then the College will provide the
Sponsor with a refund for the particular semester minus $_______ as an administrative fee. The
Sponsor also understands that the Student(s) will be subject to the College’s policies regarding
academic requirements, attendance and conduct, the violation of which may prevent the
Student(s) from successfully completing the course(s) paid for by the Sponsor.
Courses
: Any requirements regarding which course(s) the Sponsor will authorize payment are
between the Sponsor and the Student(s), not the College. Additionally, if the Student(s) take(s)
different courses than those the Sponsor has agreed to authorize, then the College will invoice the
Student(s) for the excess tuition and fees.
2
The Sponsor’s contact information:
Authorized Contact Name: ________________________________________________________
Billing Address: ________________________________________________________________
Phone #: _________________________ Fax Number: ________________________________
FEIN #: ______________________________________________________________________
Collection
: By signing this Agreement, the Sponsor understands that the College is relying upon
the Sponsor’s promise to pay the Student’s/Students’ tuition and fees in order to grant admission
to the Student(s) and allow the Student(s) to enroll in its courses. The Sponsor understands that
its non-payment of the charges will grant the College the right to pursue a claim for detrimental
reliance against it. To the extent allowed by law, the Sponsor further agrees to waive any legal
defenses to such claim and to pay any associated collection costs which the College incurs after
sixty (60) days from the date of the invoice to the Sponsor.
Termination
: Should notice of termination be given by either party to this Agreement, the
Student(s) shall be permitted to complete the current semester in which he/she/they is/are
enrolled, and the College will not provide a refund to the Sponsor for that semester, unless the
parties terminate the Agreement before the end of the add/drop period for the semester.
However, even if the Agreement is terminated prior to the end of the add/drop period for a
semester, the Student(s) may remain enrolled if he/she/they pay(s) for his/her/their own tuition for
that semester.
Termination of this Agreement may be effected by either party, so long as notice of termination is
sent in writing to the other party’s addresses given below:
Notice of termination to the Sponsor shall be directed to:
______________________________________________________________________________
______________________________________________________________________________
______________________________________________________________________________
______________________________________________________________________________
Notice of termination to the College shall be directed to:
______________________________________________________________________________
______________________________________________________________________________
______________________________________________________________________________
______________________________________________________________________________
Governing Law
: This agreement shall be governed by the laws of the Commonwealth of
Virginia.
3
IN WITNESS THEREOF, the parties hereto have caused this Agreement to be executed on the
day, month, and year as written above:
______________________________ ______________________________
Sponsor Name Community College
By: __________________________ By: __________________________
Authorized Officer
____________________________ Title: ________________________
Authorized Officer’s Printed Name
Date: _______________________ Date: _________________________
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Virginia Western Community College Third Party Tuition Sponsorship Agreement

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Completed 1 March 2020

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