The Committee for Private Education (CPE) sets regulations to protect course fees paid by students in the form of fee collection caps and fee protection schemes.
AAARYA Business College Pte Ltd has in place a Fee Protection Scheme (FPS) to protect the course fees paid by all students for its CPE approved courses.The FPS serves to protect the student’s fees in the event that the PEI is unable to continue operations due to insolvency, and/or regulatory closure. In addition, the FPS protects the student if the PEI fails to pay penalties or return fees to the student arising from judgments made against it by the Singapore courts.
AAARYA Business College Pte Ltd has appointed Lonpac Insurance Bhd, a CPE-appointed service provider, as its FPS insurance provider. Under the FPS insurance scheme, students’ fees are insured by Lonpac Insurance. In the case of events, as stated above, students will be able to claim their paid fees from Lonpac Insurance. FPS applies to CPE approved courses only.
AAARYA Business College Pte Ltd has appointed Lonpac Insurance Bhd, a CPE-appointed service provider, for the Industry-Wide Course Fee Protection Insurance Scheme (IWC).
For more information on Protection of Course Fees, please refer to CPE’s website: https://www.tpgateway.gov.sg/resources/information-for-private-education-institutions-(peis)/protection-of-course-fees
Click here to view a copy of AAARYA Business College Pte Ltd's Master FPS Certificate.