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.

Fee Protection Under the Insurance Scheme (FPS Insurance Scheme)

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. Click here to see the certificate.

Students are required to pay S$10 or 0.5% 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.

A Certificate of Insurance will be issued to the student via e-mail by the FPS provider.

Currently, the Fee Protection Scheme is waived 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.

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.

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. The indicative rate shall be at 1.3428 (updated as of Oct'2016).

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Ebixcash World Money Limited allows students in India to remit payment or apply for education loans.

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