Document background
The Letter of Promissory Note For Tuition Fee is commonly used in Singapore's educational sector when students or their representatives need to formalize their commitment to pay tuition fees. This document is particularly relevant when institutions offer deferred payment plans or when securing payment for longer-term educational programs. It includes specific details about the amount owed, payment schedule, and parties involved, while complying with Singapore's legal framework, particularly the Bills of Exchange Act and relevant educational regulations. The promissory note provides educational institutions with a legally enforceable instrument while giving students a clear understanding of their financial obligations.
