Overview

The Fee Protection Scheme (FPS) serves to protect students’ fees in the event of a PEI (Private Education Institution) being unable to continue operations due to insolvency and/or regulatory closure. It was first launched as the Student Protection Scheme (SPS) initiated by CASETRUST and it has been replaced with FPS (Fee Protection Scheme) under EduTrust.

In full compliance with the EduTrust guidelines set by CPE (Council for Private Education), SSTC School for Further Education provides fee protection for the fees paid by our students in the form of an Insurance Protection Scheme. SSTC’s FPS is applicable to all students who are enrolled in any of our courses and pay FPS fee.

Protected Fees

All fees refer to all monies paid by the students to be enrolled, 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 re-exam fee or charges for credit card payment etc,) and GST.

FPS Insurance

On the same day that the student pays school fees to SSTC (if the payment is made by T/T or e-banking, within 3 days) SSTC will purchase the FPS insurance for the protected fees and the coverage takes effect on the day of school fee payment. The student will receive a softcopy of the Certificate of Insurance by email from the operating agent of the insurance provider, and a hardcopy of the Certificate from SSTC.

Insured Events

1. Loss of ‘Tuition Fees’ by Insured Student due to Insolvency or Regulatory Closure of PEI.
2. Failure of PEI to pay Sum awarded by Singapore Courts to Insured Student.
3. Death by Accident or Total Permanent Disability by Accident of Insured Student

Insurance Claim

All claims shall be made on the Insurance Provider’s prescribed forms and submitted to them as soon as reasonably possible together with all supporting documents, including the original copy of the receipt issued by SSTC, and information that they may require.

Insurance Provider

Lonpac Insurance Bhd
100 Beach Road
#19-00 Shaw Tower
Singapore 189702

Notes

• Students are advised to check the Insurance Policy Certificate of Student Insurance they will get from the Insurance Provider for insured amounts and period of insurance.
• Students can check the CPE’s official website (www.cpe.gov.sg) to verify that they are protected under FPS