Fee Protection Scheme
Council for Private Education (CPE) requires all international and local students paid course fees to be protected. As a requirement, FSTM has in place a Fee Protection Scheme (FPS). The FPS serves to protect students’ fee in the event a Private Education Institute (PEI) is unable to continue due to insolvency, and/or due to regulatory closure. In addition, FPS protects the students if the PEI fails to pay penalties or refund fees to the students arising from judgements made against it by the Singapore courts. The FPS that is available in FSTM is in the form of the ESCROW scheme.

FSTM provides protection to students through :

• Escrow Account

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FSTM has opened an Escrow account with Hongkong and Shanghai Banking Corporation Bank in Singapore which tuition fees are deposited. The bank releases the fee to FSTM on prearranged basis as per directions set at the time of opening the account in accordance with the CPE’s guidelines.