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I think you are asking about the wrong thing: a promissory note is not a note where you say you are sorry or promise to do better. A promissory note is a legal agreement to pay back a debt; if you owe someone money, this is what you would send, and it would contain your pledge to pay the money back by a certain date.

But you are correct in thinking you need to say or do something to apologize for failing grades, especially if it was your own fault (through laziness, not doing your homework, missing too many classes) that you failed. However, such a situation is generally not handled with a written note. You first need to speak with your teacher or professor and let him or her know you are truly sorry about your poor grades. You need to tell the instructor that it will not happen again, and you need to make a plan to bring your grades back up to a higher level. That face-to-face meeting with the instructor, an apology, and making a good effort to do better in your coursework is usually all that is required. If your teacher or professor cannot meet with you, then yes, a polite note of apology and a promise to never do such a poor job ever again is a good idea.

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