Student Support
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 applies to all students regardless of nationality and the type of passes held by the students (e.g. dependent’s pass, student’s pass, etc.)
Fee Protection Scheme – Group (G2)
London School of Business & Finance (LSBF) works with Lonpac Insurance Bhd to put in place the Fee Protection Scheme – Group (G2) for students.
Currently, the cost of the Fee Protection Scheme is fully absorbed by LSBF.