The Fee Protection Scheme (FPS) serves to protect the students’ fees in the event a Private Education Institution (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 return fees to the student arising from judgments made against it by the Singapore courts.
There are two schemes that a PEI can choose from – the Fee Protection Under the Escrow Scheme or the Fee Protection Under the Insurance Scheme.
BMC International College has adopted the Fee Protection Under the Insurance Scheme which will be purchased from LONPAC INSURANCE BHD to protect the tuition fee portion for its students.
The FPS is compulsory for all local and international students taking courses at PEIs seeking EduTrust certification. FPS applies to all courses with duration of more than one month or 50 hours. Students enrolled in these courses will be required to pay a fee for FPS which varies depending on the fees of the courses insured.
The students may pay their school fees (in S$) through the following methods:
- Cashier’s order payable to BMC International College Pte Ltd
- Cheque payable to BMC International College Pte Ltd
- Credit cards (VISA & Mastercard)
For more information on the Fee Protection Scheme, please visit www.cpe.gov.sg.
Fee Protection Insurance (Edutrust)
Lonpac Insurance BHD Fee Protection Scheme Certificate