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The Promissory Note For Tuition Fee With Partial Payment is commonly used in Philippine educational institutions when students or their guardians require flexible payment arrangements for tuition fees. This document is essential when full upfront payment isn't possible and the institution agrees to accept payments in installments. It complies with Philippine Civil Code requirements for financial instruments and educational regulations, protecting both the institution's interests and student rights. The document typically includes detailed payment schedules, interest calculations (if applicable), default provisions, and any academic implications of payment defaults. It's particularly relevant in private educational institutions and higher education settings where substantial tuition fees are involved. The document must align with both the Truth in Lending Act and educational institution policies while maintaining fairness and transparency in financial obligations.

1. Parties: Identifies the Promissor (student/parent/guardian), and the Promissee (educational institution), including their complete legal names, addresses, and contact information

2. Background: States the context of the promissory note, including the student's enrollment details, program/course, and academic period covered

3. Definitions: Defines key terms used in the document such as 'Tuition Fee', 'Due Date', 'Partial Payment', 'Default', etc.

4. Principal Amount: Clearly states the total tuition fee amount owed and acknowledges receipt of educational services

5. Payment Terms: Details the partial payment schedule, including specific amounts and due dates for each installment

6. Interest Rate: Specifies any applicable interest rate on the unpaid balance, ensuring compliance with Philippine usury laws

7. Default and Remedies: Outlines what constitutes default and the educational institution's rights and remedies in case of non-payment

8. Representations and Warranties: Promissor's declarations regarding their capacity to pay and understanding of the obligation

9. Execution: Signature block with date and witness provisions as required by Philippine law