ASTA SCHOOL OF BUSINESS & TECHNOLOGY
"The roots of education are bitter, but the fruit is sweet"(Aristotle )

Policy and Procedures / Fee Protection Scheme

Fee Protection Scheme (FPS)

Introduction

The Fee Protection Scheme (FPS) serves to protect students' fees in the event a private education institution is unable to continue operating due to insolvency, and/or regulatory closure. The Fee Protection Scheme 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.

In line with EduTrust requirement, private education institutions are required to adopt the Fee Protection Scheme to provide full protection to all fees paid by their students. All fees refer to allmonies paid by the students to be enrolled in a private education institution, excludingthe 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.

ASTASchooladopted LONPAC Insurance BHD as insurance company. It is applicable to all students (except short term students).

Insurance Scheme

Under insurance scheme, ASTA School is allowed to collect the total fees from the students directly. Insurance will be purchased on the same day upon receipt of the fees from the student. The insurance coverage shall commence from the date of payment of the fees till the due date of the next payment or the course end date whichever is earlier.