Financial Guarantee Letter Requirements

The Financial Guarantee Letter must be on formal letterhead from the sponsor and contain the following information:

• Billing instructions including a specific email, point of contact and mailing address of where billing statements should be sent. 
• The name of the student and the ASU student ID (listed exactly as the student will register). 
• The length of the sponsorship. It cannot be less than one semester. 
• A statement of the specific charges the sponsoring agency will pay (Tuition & Fees, Third-Party Billing Fee). 
• The maximum dollar amount covered.

Student Accounts does not accept Financial Guarantee letters that require special billing conditions such as specific class enrollment, financial aid received, maintenance of a minimum grade point average or passing grade requirement. Financial Guarantees must also be received prior to the deadline found on the Aid and Billing Calendar.

Submitting Letters

Submit Financial Guarantee Letters to the ASU Student Accounts Office. Letters can be submitted by:

• Fax: 480-965-9242
• Email: sponsorbilling@asu.edu
• In Person:  Student Accounts desk (second floor of Student Services building, Tempe Campus)
• Mail:

Arizona State University
Attn: Sponsored Student Representative
Student Accounts Office
PO Box 870303
Tempe, AZ 85287-0303

Once a financial guarantee is received, students will have a credit placed on their ASU student account for the anticipated amount to be covered by the sponsor.  Sponsors will be invoiced for this amount and if payment is not received from the sponsor by the indicated due date, the credit will be removed and it will be the responsibility of the student to make payment for the unpaid amount.