Fee Protection Scheme

Under EduTrust for Education, Parkway College will provide a Fee Protection Scheme (FPS) for both local and international students enrolled by the PEI.

The FPS serves to protect the international and local students’ full course fee (include all tuition and non-tuition fees) inclusive of GST in the event that the College is unable to continue operations due to insolvency and/or regulatory closure. Furthermore, the FPS protects the student if the College fails to pay penalties or to return fees to students arising from judgements made against it by the Singapore Courts.

Parkway College working with the insurer, Lonpac Insurance Bhd, has put in place the Student Tuition and Non-Tuition Fee Insurance as its FPS for international and local students. The Student Tuition and Non-Tuition Fee Insurance offers insured students’ protection against the following events:

• Loss of tuition fees paid in advance by the insured student to Parkway College and not refunded, if the student cannot start or complete his/her course as a result of Parkway College becoming insolvent or being required by the Singapore authorities to stop operations;
• Parkway College’s failure to pay sum awarded by Singapore Courts to the insured student, where such award relates to a dispute between Parkway College and the insured student on tuition fees paid by the insured student to Parkway College; and
• S$10,000 benefit payable covering the insured student’s accidental death or total permanent disability by accident.

For more information, click here.