The Fee Protection Scheme (FPS) serves to protect students’ fees in the event a Private Education Institution (PEI) is unable to continue operating due to insolvency, and/or regulatory closure. The Fee Protection Scheme also protects students if PEI fails to pay penalties or return fees to the students arising from judgment made against it by the Singapore courts.
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.
EduTrust-certified PEIs or PEIs applying for EduTrust certification are required to adopt the FPS-G (Fees Protection Scheme – Group) to provide full protection for all fees paid by their Students. The insurance coverage for the student shall commence from the fee payment date and cover the course duration the fee is paid for or till the course end date.
You may refer to SSG’s
webpage on Protection of Course Fees as a reference.
The YPLS School of Learning (YPLS) as an EduTrust certified PEI has adopted the FPS-G (Fees Protection Scheme – Group) stipulated by the Committee for Private Education (CPE) with effect from 1st February 2024. It will use the services of Lonpac Insurance Bhd, one of the service providers for FPS appointed by the Committee for Private Education (CPE) which is part of SkillsFuture Singapore (SSG).
Please refer to The YPLS School of Learning’s Certificate of Fee Protection Scheme Insurance - Group Insurance
Policy Number : Z24BX01138825 issued by Lonpac Insurance Bhd