Fee Protection Scheme (FPS)

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. It 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 private education institutions are required to adopt 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.


Fee Protection under the Insurance Scheme

ITI has adopted the fee insurance scheme and engaged Lonpac Insurance Berhad (a Council for Private Education-appointed insurance company) to provide the insurance coverage.

The premium for the insurance is payable by the student. It is 3% of the total amount of fees protected (plus 7% GST) per semester. It shall be collected with other fee payments as shown in the course fees schedule of the Student Contract.


FPS Procedure

Since course fees are paid by instalments per semester, insurance will be purchased for each instalment paid.

To purchase the insurance, students need to pay a premium which will be collected with every instalment of the course fee.

We will purchase the insurance on your behalf, with the premium paid fully to the insurance company.

A certificate of insurance issued to your name will be emailed to you by the insurance company.

The period of the insurance is from the date you pay your course fee instalment to the next scheduled date of payment.

If the insurance is terminated prematurely, such as when a student withdraws from the programme, the amount of premium refunded will be determined and made by Lonpac. It shall be paid to the student within 7 working days of ITI receiving the refund from Lonpac.

To view the FPS Master Insurance Agreement, click here.

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