The Private Education Act was gazetted in October 2009 to provide the Council for Private Education (CPE) with the legislative powers to regulate the private education sector more effectively and improve its quality. CPE will implement a mandatory registration tier to enhance the standards that private education providers will need to adhere to. A quality assurance framework, known as EduTrust, will also be introduced to provide a quality differentiation mechanism. (www.ssg.gov.sg)

Fee Protection Scheme – Insurance Scheme

Effective 1 January 2024, it is a pre-requisite that all PEIs are to adopt the group insurance scheme.

Under the FPS Group Insurance (FPS-G), a Contract of Insurance (COI) will be issued to the PEI by the FPS Insurer with an annually determined Maximum Insurable Limit (MIL) to cover all course fees to be collected by the PEI during the period of indemnity. This MIL is the maximum amount that the insurer is liable in a payout event and shall be determined jointly by the PEI and Insurer, based on the PEI’s latest financials, risk profile and projected growth. At all times, the utilization of the insurance coverage limit shall not be more than the MIL.

GCS has appointed (Lonpac Insurance Bhd) as the insurance provider to implement the Group Fee Protection Scheme and ensure that all fees paid by the students including remodule fee if collected are protected.

Fee Protection Scheme Group (FPSG) Certificate 2024

For more details of the FPS, please refer to EduTrust Fee Protection Scheme Instruction Manual on TPGateway.