Fee Protection Scheme
Introduction to the Fee Protection Scheme (FPS)
The FPS serves to protect students’ fees in the event a private education institution is unable to continue operating due to insolvency, and/or regulatory closure. The FPS also protects students if the private education institution fails to pay penalties or return fees to the students arising from judgement made against it by the Singapore courts.
EduTrust-certified private education institutions are required to adopt the FPS to provide full protection to all fees paid by their students. All fees refer to all monies paid by the students to be enrolled in a private education institution, 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.
Beacon International College has adopted the FPS-Group Insurance scheme to provide fee protection to all their students. Under the FPS Group Insurance scheme, a Certificate of Insurance (COI) will be issued to the PEI by the FPS Insurance Provider with a determined insurable amount to cover all course fees to be collected by the PEI during the period of indemnity.
FPS-G Master Agreement
Beacon International College has entered into a master insurance agreement with Lonpac Insurance Bhd. A copy of the Insurance Certificate can be found here.
For more information on the FPS, please visit the SSG Website.
Step 1
All students are required to enter into a PEI-Student Contract that is legally binding between Beacon International College and the student. The Contract will state the couse duration and the amount of course fee that the student has to pay.
Please read the content of the contract carefully before signing.
If you have any questions regarding the PEI-Student Contract please contact us at enquiries@beacon.edu.sg.
Step 2
Once the Contract has been signed and the course fee paid, the student will be converted to enrolment.
Under the FPS-Group Insurance scheme, all enrolled students during the period of idemnity will be protected. The insurance coverage shall commence from the fee payment date and cover the course duration the fee is paid for or till the course end date.
