Fee Protection Scheme

With the introduction of the Private Education Bill, all students’ fees will be insured under the Fee Protection Scheme (FPS).

The FPS serves to protect international and local students’ fees in the event that a Private Education Institution (PEI) is unable to continue operations due to insolvency and/or regulatory closure. It also protects the student if the PEI fails to pay penalties or to return fees to students arising from judgments made against it by the Singapore Courts.

Educare Global Academy Pte Ltd adopts the FPS Insurance for international and local students. The FPS Insurance offers insured students protection against the following events:

  • 1) Loss of the course fees paid in advance by the insured student to Educare Global Academy Pte Ltd and not refunded, if the student cannot start or complete his/her course as a result of Educare Global Academy Pte Ltd becoming insolvent or being required by the Singapore authorities to stop operations.
  • 2) Educare Global Academy Pte Ltd fails to pay the sum awarded by Singapore Courts to the insured student, where such an award relates to dispute between Educare Global Academy Pte Ltd and the insured student on course fees paid by the insured student to Educare Global Academy Pte Ltd.
  • 3) S$10,000.00 benefits payable covering the insured students’ accidental death or total permanent disability by accident. Educare Global Academy Pte Ltd has appointed Liberty Insurance Pte Ltd to the FPS providers for our students. With effect from 1 Jan 2024, course fees paid would be protected under the FPS Group Insurance by Liberty Insurance Pte Ltd (Liberty). The insurance coverage will be for the entire course fee and any course fees arising from an extension of the study period longer than the initially planned study period (if applicable).