Fee Protection Scheme (FPS)

EduTrust-certified Private Education Institutions (PEIs) are required to adopt the Fee Protection Scheme (FPS) to provide full protection for all fees paid by their students. The FPS serves to protect students’ fees in the event that PEI is unable to continue operating due to insolvency, and/or regulatory closure. The FPS also protects students if the PEI fails to pay penalties or return fees to the students arising from judgement made against it by the Singapore courts.

PEIs will need to purchase insurance protection from any one of the Committee for Private Education (CPE) appointed insurance companies for every one of their (local and foreign) students  to protect their fees.

Industry-Wide Course Fees Protection Insurance (IWC)

The Industry-Wide Course Fees Protection Insurance Scheme (IWC) is implemented for the Private Education Institutions (PEIs) registered with the Committee for Private Education (CPE) under the  Enhanced Registration Framework (ERF) that have not obtained EduTrust certification. PEIs that wish to collect up to six months of fees at each fee collection interval are required to subscribe to the IWC. The IWC scheme serves to protect students’ fees in the event that a PEI is unable to continue operating due to insolvency and/or regulatory closure.

Liberty is one of the CPE appointed insurance providers.

The Fee Protection Scheme & Industry-Wide Course Fees Protection Insurance Scheme are distributed by Liberty’s authorized agent, Enrich Advisory, exclusively.