Ban on Interest for Unpaid Tuition Fees

Ask AI

DECS ORDER NO. 63, S. 1999: Ban on Interest for Unpaid Tuition Fees

Getting related questions...
What do you want to know about the law?
Your conversations and searches stay on your device. We do not store or track your activity on our servers. To know more about our privacy commitment see jur.ph/privacy Ask AI provides quick answers grounded in full case texts to avoid mistakes. Always verify with the original text.

Ask AI

Title Supreme Court: Ban on Interest for Unpaid Tuition Fees

Law: Decs Order No. 63, S. 1999

Decision Date: Jun 4, 1999

Private schools are prohibited from charging interest on unpaid tuition fees unless explicitly stated in the enrollment contract, reinforcing the state's commitment to accessible education.

private schools

interest prohibition

A

Legal Basis and Policy Context

The rule aligns with the state’s policy prioritizing education.
It aims to protect and promote the right of all citizens to quality education at all levels.
The overarching goal is to ensure accessibility of education for all.

Condition for Charging Interest

Interest on unpaid tuition fees may only be charged if it is explicitly stated in the enrollment contract.
Absence of such a stipulation means no interest can be levied.

Effective Date and Implementation

The order takes effect immediately upon issuance.
Immediate dissemination is mandated for awareness and compliance.

Authority

Issued by the Department of Education, Culture and Sports (DECS).
Signed by Andrew Gonzalez, FSC, Secretary, on June 4, 1999.

END