Any student who presents written authorization from a third-party organization for payment of tuition and/or fees will be extended credit by WCM for the approved amount. This written authorization is referred to as a Letter of Credit. Letters of Credit will not be accepted from parents, relatives, or authorized users.
WCM will not extend credit for third-party payments that include contingencies such as course completion, grade achievement, or employment conditions.
Letter of Credit Requirements
All Letters of Credit are subject to approval and must include the following:
- Company logo or letterhead
- Date
- Sponsoring organization’s name, billing address, contact person, email address, and telephone number
- Sponsored student’s full name & Student/Jenzabar ID number
- Semester(s)/academic year covered
- Number of credits or coursework covered
- Amount covered (tuition and/or fees)
- Financial guarantee signed by an authorized individual
The letter must clearly state that payment will be made directly to Weill Cornell Medicine. Payments should not be sent to the student.
Payment and Student Responsibility
It is the responsibility of the student to understand which portion of tuition and fees is not covered by their sponsor and to ensure that any remaining balance is paid by the term’s payment due date. Any unpaid balance after the deadline is subject to a non-refundable late fee.
Letters of Credit must be submitted via LEARN by completing the Third-Party Sponsor Form.
How to Apply
- Navigate to the “Financial Aid & Billing” tab, select “General Forms”, and complete the Third-Party Sponsor Form and upload a copy of your sponsor letter/voucher so our office may invoice your sponsor/company.
- Complete the FERPA Authorization Form to grant WCM permission to provide your student information (e.g. copy of your bill and aid) with the designated third party.
Once both forms have been submitted, a credit will be applied to your student account. Your updated balance and account activity can be viewed in LEARN → View Student Account.
Timing
- Sponsor Letter: Submit before semester/course start
- Sponsor Invoices: Sent within 30 days of semester start or after add/drop closes
- Invoice Payment: Due within 30 days of invoice date