Fee Protection Scheme
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Parkway College, working with the insurer, Lonpac Insurance Berhad, has put in place an Insurance Scheme as its FPS for international and local students.
To view a copy of the Fee Protection Scheme Master Insurance Policy, Policy Terms and Conditions provided by LONPAC INSURANCE BHD, please download a copy here.
Under EduTrust for Education, Parkway College will provide a Fee Protection Scheme (FPS) for both local and international students enrolled by the PEI.
About the Fee Protection Scheme (FPS)
The Fee Protection Scheme (FPS) serves to protect unconsumed course fees paid by students 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 institution 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 institution, 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 fee or charges for credit card payment etc,) and GST.