One important aspect of the EduTrust framework is the Fee Protection Scheme – Group (FPS-G), which aims to protect students against loss of tuition fees due to malpractice by the course providers. It is compulsory for both international students and for local students.

Effective 1 January 2024, it is a pre-requisite that all PEIs are to adopt the group insurance scheme.

Under the FPS Group Insurance (FPS-G), a Contract of Insurance (COI) will be issued to the PEI by the FPS Insurer with an annually determined Maximum Insurable Limit (MIL) to cover all course fees to be collected by the PEI during the period of indemnity. This MIL is the maximum amount that the insurer is liable in a payout event and shall be determined jointly by the PEI and Insurer, based on the PEI’s latest financials, risk profile and projected growth. At all times, the utilization of the insurance coverage limit shall not be more than the MIL.

CCAMT has appointed (Lonpac Insurance Bhd) as the insurance provider to implement the Group Fee Protection Scheme and ensure that all fees paid by the students including remodule fee if collected are protected.

For more details of the FPS, please refer to the CPE website at www.ssg.gov.sg

The FPS serves to protect the international and local students’ fees in the event that a PEI is unable to continue operations due to insolvency and/or regulatory closure. Furthermore, the FPS protects the student if the PEI fails to pay penalties or to return fees to students arising from judgements made against it by the Singapore Courts.

Capital College of the Arts, Management and Technology has in place a Fee Protection Scheme as stipulated by the Committee for Private Education (CPE) by way of an insurance facility. The Fee Protection Scheme insurance offers insured students protection against the following events:

• Loss of tuition fees paid in advance by the insured student to Capital College of the Arts, Management and Technology and not refunded, if the student cannot start or complete his/her course as a result of Capital College of the Arts, Management and Technology becoming insolvent or being required by the Singapore authorities to stop operations.
• Capital College of the Arts, Management and Technology failure to pay sum awarded by Singapore Courts to the insured student, where such award relates to a dispute between Capital College of the Arts, Management and Technology and the insured student on tuition fees paid by the insured student to Capital College of the Arts, Management and Technology.