Fee Protection Scheme insurance
One important aspect of the EduTrust framework is the Fee Protection Scheme (FPS), which aims to protect students against loss of tuition fees due to malpractice by the course providers. It is?compulsory?for both international students and for local students.
The FPS serves to protect the international and local students’ fees in the event that a PEI is unable to continue operations due to insolvency and/or regulatory closure. Furthermore, the FPS protects the student if the PEI fails to pay penalties or to return fees to students arising from judgements made against it by the Singapore Courts.
Curtin Singapore has in place a Fee Protection Scheme as stipulated by the Committee for Private Education (CPE) by way of an insurance facility. The Fee Protection Scheme insurance offers insured students protection against the following events:
- Loss of tuition fees paid in advance by the insured student to Curtin Singapore and not refunded, if the student cannot start or complete his/her course as a result of Curtin Singapore becoming insolvent or being required by the Singapore authorities to stop operations.
- Curtin Singapore failure to pay sum awarded by Singapore Courts to the insured student, where such award relates to a dispute between Curtin Singapore and the insured student on tuition fees paid by the insured student to Curtin Singapore.
Upon payment of the insurance premium, Lonpac Insurance Bhd will issue a Certificate of Student Insurance directly to the insured student.