Fee Protection Scheme
EduTrust-certified private education institutions are required to adopt the Fee Protection Scheme to provide full protection to all fees paid by their students. All fees refer to all monies paid by the students to be enrolled in a private education institution, excluding the course application fee, agent commission fee (if applicable), miscellaneous fees (non-compulsory and non-standard fee paid only when necessary or where applicable, for example, the referral exam fee or charges for credit card payment etc,) and GST.
The Fee Protection Scheme (FPS) is applicable to Singaporean students as well as International students and serves to protect students’ fees in the event a private education institution is unable to continue operating due to insolvency, and/or regulatory closure. The Fee Protection Scheme also protects students if the private education institution fails to pay penalties or return fees to the students arising from judgement made against it by the Singapore courts.
The actual premium amount to be paid for both international and local students will be calculated from the day the first instalment payment is made by the student.
SHATEC adopts the Fee Protection Scheme provided by Lonpac Insurance Bhd.
Schedule – SHATEC Pte Ltd
Master Certificate – SHATEC Pte Ltd
- Master Policy No: Z/13/BM00/000449
- Period of Insurance: 13 December 2013 to 12 December 2016
For more information, please visit www.cpe.gov.sg