Fee Protection Scheme

The Fee Protection Scheme (FPS) is applicable to all students as well as and serves to protect students’ fees in the event that a private education institution 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 judgment made against it by the Singapore courts.

EduTrust – Certified Private Education Institutions (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 PEI, 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 referral exam fee or charges for credit card payment etc.) and GST.

SHATEC adopts the FPS Individual Insurance. Our service provider is LONPAC INSURANCE BHD.

The actual premium amount to be paid by student will be calculated from the day the first instalment payment is made by the student.

NOTE: SHATEC is granted waiver for FPS by Committee for Private Education (CPE) for Singaporean / Singapore PR / LTVP + holder students on the total course fees before GST in Schedule B of the SHATEC-student contract for the following courses, as long as the eligible Singaporean / Singapore PR / LTVP + holder students who enrol under SSG funded WSQ and SCTP courses.

FPS Schedule

Master Certificate – SHATEC Institutes Pte Ltd

Master Policy No.: Z24BX01142674
Period of Insurance: 01 September 2024 to 31 August 2025

Click here to view the Master Certificate