Under the FPS Scheme, Stansfield College has put in place an insurance arrangement that ensures fees paid by students to the College are insured by AXA Insurance, a CPE-appointed service provider. The insurance protection serves to protect the students’ fees in the event a private education institution (PEI) is unable to continue operations due to insolvency, and/or regulatory closure. Furthermore, the FPS protects the student if the PEI fails to pay penalties or return fees to the student arising from judgements made against it by the Singapore courts.
The FPS is compulsory for all local and international students enrolled with an Edutrust certified institution. The student will be required to pay a fee for FPS which varies depending on the fees of the courses insured.