The Fee Protection Scheme (FPS) serves to protect students’ fees in the event a Private Education Institution (PEI) is unable to continue operating due to insolvency, and/or regulatory closure. The Fee Protection Scheme also protects students if PEI fails to pay penalties or return fees to the students arising from judgment made against it by the Singapore courts.
The FPS is compulsory for all local and international students taking courses at PEIs seeking EduTrust certification. FPS applies to all courses with duration of more than one month or 50 hours.
You may refer to SSG’s
webpage on Protection of Course Fees as a reference.
The YPLS School of Learning (YPLS) has in effect adopted the FPS under the Insurance Scheme to replace the FPS under the Escrow scheme which was discontinued in Dec 2017, using the services of Lonpac Insurance Bhd, one of the service providers for FPS appointed by the Committee for Private Education (CPE) which is part of SkillsFuture Singapore (SSG).
Under the FPS Insurance scheme, YPLS will purchase insurance protection for students to protect their fees as stated under the Standard Student Contract within 7 working days upon receipt of payment of the fees to YPLS.
Students will receive a soft copy of the Certificate of Insurance by email from the operating agent of the insurance provider, and a hardcopy of the Certificate from YPLS upon commencement of the course.
Please refer to The YPLS School of Learning’s Certificate of Fee Protection Scheme Insurance
Policy Number : Z/22/BM00/001055 issued by Lonpac Insurance Bhd