Fee Protection Scheme
We are required by Council for Private Education (CPE) to adopt a compulsory Fee Protection Scheme (FPS) to provide protection to all payable fees by all local and international students.
Payable fees refer to all monies that are paid by students to be enrolled in Boston Business School except for miscellaneous fees. Miscellaneous fees refer to any non-compulsory and non-standard fees which the students will pay only when necessary or applicable, for example, re-sit examination fee, membership renewal fee, etc.
The FPS serves to protect students against loss of fees in the event Boston Business School is unable to continue operating due to insolvency or regulatory closure. The FPS also protects students if we fail to pay penalties or return fees to students arising from a judgement made against us by Singapore courts.
Boston Business School has adopted the insurance scheme with Lonpac Insurance BHD from 10 August 2012 for the FPS. Under this scheme, students can pay both their protected and miscellaneous fees directly into ‘Boston Business School Pte Ltd‘ DBS Account No. 003-901554-2 through any of the following methods:
- SGD cash
- SGD crossed cheque
- DBS PayNow (UEN No: 200405229GBBS)
- Cashier’s order
- Bank draft
- Telegraphic transfer
- Flywire for International Payments
Under the fee insurance scheme, we purchase an insurance protection for every one of our students to protect their fee. Students can verify if their fees have been protected by requesting for a copy of their Certificate of Insurance.
A copy of the Master Insurance Policy is available HERE.