Fee Protection Scheme (FPS)
The Fee Protection Scheme (FPS) serves to protect students' fees in the event a private education institution is unable to continue operation 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 judgment made against it by the Singapore courts. The FPS is applicable to all students regardless of nationality and the type of passes held by the students, i.e. dependent's pass, student's pass, work permit etc.
London School of Business & Finance (LSBF) has put in place the schemes below to protect the students' fees in the event of a school closure.
Read more to find out the details.
London School of Business & Finance (LSBF) works with Lonpac Insurance Bhd to put in place the Fee Protection Under the Insurance Scheme (FPS Insurance Scheme) as its fee protection scheme for students, who will be enrolling for August 2011 intake and future intakes.
A Certificate of Insurance will be issued to the student upon confirmation of the student's enrolment.
Students are required to pay S$25 (subject to prevailing GST) or 3% of the total course fees, whichever higher. This amount is not transferable but refundable. All payments are to be made directly to LSBF upon their enrolment.
Currently the Fee Protection Scheme is absorbed by London School of Business & Finance.
Payment may be made through
Visit LSBF in Singapore at London School of Business & Finance
1 Finlayson Green
#07-00, Raffles Place
Singapore 049246
Tel: +65 6580 7700
http://www.lsbf.edu.sg/contact-us/
Monday–Friday: 9am–9pm
Saturday: 9am–1pm
Sunday and PH: Closed
Payment to be made to London School of Business & Finance Pte Ltd
Payment to be made to London School of Business & Finance Pte Ltd
We accept both MasterCard and Visa.
Payment to be made to London School of Business & Finance Pte Ltd
In the event of a school closure, the Industry-wide Course Protection Insurance Scheme will ensure that affected students would be able to receive an insurance payout. Students should however not expect the payout to be equivalent to what they have paid for the courses as the amount of payout would also depend on the portion of tuition fees consumed.
London School of Business & Finance is undergoing EduTrust Certification and has also put in place the Fee Protection Under the Insurance Scheme (FPS Insurance Scheme) with Lonpac Insurance Bhd.
For more information on Fee Protection Scheme, please visit www.cpe.gov.sg
