Commitment Letter For School Fees
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FAQ
The basic contents of a letter of commitment include the following details: Names and addresses of the borrower and lender. The type of loan applied for. The loan amount. The agreed upon loan repayment period. The interest rate for the loan. Date of lock expiration (if the loan is locked in) for the interest rate.
We/I hereby undertake to pay the full annual school fees in advance on the first day of the school term of each year that our/my child is enrolled at the school. We/I understand that we/I may pay the fees monthly in 12 (twelve) equal installments by the 1st of each month.
I hereby undertake to repay the loan to you in _______ equal and consecutive monthly payments, as of the month of ____________, of the year ________. I am aware that you agree that I may be eligible, at any time and from time to time, to pay off any balance of said loan, all or part thereof.
I do not want to halt my child's studies. Please consider my request and give me up to ________/_________/________ to clear my balance of Kshs. _________________. I promise to pay by the stated date without delay.
Respected/Dear Sir/Ma'am, I am (Name of the Parent), the father of (Name of the Student) studying in Class (Mention which class your child is in) in your esteemed institution. I am writing this letter to request you for a fee concession. (Give the reason why you cannot pay the fees).