Sponsorships (Third Party)
What is a Third Party Sponsorship?
A student needing financial assistance can petition a third party sponsor to take financial responsibility for some or all of the student’s educational costs at AB Tech. After a third party sponsorship agreement has been made, documented, and submitted, AB Tech bills the sponsor for the agreed-upon amount, leaving the student responsible for any remaining balance.
Types of Third Party Sponsors
Employers can enhance employee skills or provide tuition assistance benefits by offering third-party sponsorships to their employees. Some employers cover only those costs related to the employee’s specific job, while other employers pay for all of an employee’s educational expenses.
Governmental and Nongovernmental Organizations
Certain government agencies and private workforce assistance programs offer third-party sponsorships to students enrolled in their programs.
529 Plans are savings plans designed to encourage saving for future college costs through conditional tax-saving features. Practically, these plans are effective only when created well in advance of student's expected enrollment date. To find out more about 529 plans for yourself or another, read the SEC's Intro to 529's and FINRA'S Saving for College website.
To learn more about the requirements for college savings plan sponsored students, please read the Instructions for 529 Students
Nonresident Students! Get In-State Tuition!
According to North Carolina state law, businesses based in the state who wish to sponsor current employees who do not qualify for in-state tuition, can do so and receive in-state tuition rates.
To learn more about the requirements for this tuition waiver, read AB Tech’s Nonresident Employee Sponsorship Agreement.
According to North Carolina state law, a nonprofit organization, incorporated in NC and classified as a 501(c)(3) or 501(c)(4) can sponsor up to 5 nonresident students each semester, at in-state tuition rates, as long as they live in the State of North Carolina.
To learn more about this tuition waiver, read the following:
Other Tuition Assistance Options
Instructions for Sponsored Students
Please follow our Sponsored Student Checklist for guidance through the sponsorship process.
Sponsors must have agreement forms submitted at least one week prior to the semester payment deadline *
* Sponsorships can be obtained after the payment deadlines. However, the student must pay any balance by the payment deadline and will be refunded by AB Tech after the sponsor has assumed responsibility for the student’s obligations.
Registration or Allowance Changes, after submission of initial agreement forms, require resubmission of the revised agreement form.
Books and Supplies allowances must be approved on the agreement form prior to use of funds at the bookstore
Sponsorship Bookstore Purchases
Sponsorships often cover books and supplies but frequently limit the amount of funds and types of items and that can be purchased at the bookstore. Therefore, purchases must be approved on the agreement form and submitted to the business office prior to purchase at the bookstore.
Students will be emailed an E-Voucher which must be presented to the cashier at checkout.
Sponsorship funds for Summer 2019 can be used from May 14th through May 31st from 9:00 am to 7:00 pm. Purchases made after these dates will require a supplemental e-voucher which must be obtained from the sponsorship coordinator.
For more information about the use of bookstore E-Vouchers, read the Bookstore E-Voucher Instructions.
Terms and Conditions
Agreement Forms – One week prior to Payment Deadline
Bookstore Voucher – Two days before the opening of bookstore financial aid purchase period
Registration Changes – One week after Payment Deadline