Under EduTrust for Education, Parkway College will provide a Fee Protection Scheme (FPS) for both local and international students enrolled by the PEI. The Fee Protection Scheme (FPS) serves to protect students' fees in the event a PEI is unable to continue operating due to insolvency, and/or regulatory closure. The FPS also protects students if the private education institute fails to pay penalties or return fees to the students arising from judgement made against it by the Singapore Courts.

EduTrust-certified PEIs are required to adopt the FPS to provide full protection to all fees paid by their students. All fees refer to all monies paid by the students to be enrolled in a private education, excluding the course application fee, agent commission fee (if applicable), miscellaneous fees (non-compulsory and non-standard fee paid only when necessary or where applicable, for example, the re-exam or charges for credit card payment etc,) and GST.

Parkway College, working with the insurer, Lonpac Insurance Berhad, has put in place an Insurance Scheme as its FPS for international and local students.