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, i.e. dependent’s pass, student’s pass, work permit, etc.
London School of Business & Finance (LSBF) has put in place the scheme below to protect the students’ fees in the event of a school closure. Read more to find out the details.
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. Please click here for the FPS certificate.
Currently, the cost of the Fee Protection Scheme is absorbed by the London School of Business & Finance
Payment may be made through:
Visit LSBF in Singapore at London School of Business & Finance
GB Building
143 Cecil Street
#13-00, 18-00 & #23-00 (School)
#23-00 (Main Reception)
Singapore 069542
Tel: +65 6580 7700
https://www.lsbf.edu.sg/contact-us/
Monday–Friday: 9am–9pm (no cash payment after 5pm on weekdays)
Saturday, Sunday and PH: Closed
Payment to be made to London School of Business & Finance Pte Ltd.
We accept both MasterCard and Visa.
Bank Account Name:
London School of Business & Finance Pte Ltd
Bank Account No:
003-915574-3
Bank Name:
DBS Bank Ltd
Bank Address:
6 Shenton Way, DBS Building, Singapore
068809
SWIFT Code:
DBSSSGSG
Branch Code:
003
Bank Code:
7171
Please take note that Student should bear all bank charges (including outwards remittance from their home countries and inwards remittance into Singapore). Students are required to write their students ID (for course fee) / Name & Passport number (for application fee) as reference while making the payments. Students will also be required to send us the remittance slip to trace the payment.
Payments should be made only in Singapore dollars (SGD). Remittance via TT in foreign currency (USD) is only acceptable in cases where remittance in SGD is not possible due to currency policies restriction in the international students’ home country.
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