Fee Protection Scheme
With the implementation of the Private Education Act in 2009, the Council of Private Education (CPE), a government statutory body, was established to regulate the private education sector in Singapore. All Private Education Institutions (PEI) are required to comply with the regulations under the new Act. Under the Private Education Act, the Committe for Private Education will implement two schemes — the Enhanced Registration Framework (ERF) and a quality assurance scheme called EduTrust.
As required under the Enhanced Registration Framework, Ascend Education Centre undertakes to inform CPE and its students of any change in ownership or management within 14 working days. Ascend Education Centre has put in place some mandatory requirements, namely PEI-Student Contract, Fee Protection Scheme (FPS) and Medical Insurance Coverage, under the EduTrust Certification Scheme regulated by the Council of Private Education (CPE).
For more details on CPE, please see this link to their website: https://www.cpe.gov.sg/student-services/student-resources
The aim of the new quality assurance, Edutrust, is to enhance the confidence of students and their parents in the quality of education in Singapore, Ascend Education Centre will enter into a standard PEI-Student Contract with the student. The purpose of the contract is to safeguard the students’ rights by laying out important terms and conditions governing the relationship between the student and Ascend Education Centre.
Fee Protection Insurance
Ascend Education Centre is a Private Education Institution (PEI) that participates in the Fee Protection Scheme (FPS). All fees collection from students, both local and international will be protected via an escrow bank account or insurance scheme. Ascend Education Centre adopts the Liberty Insurance FPS insurance scheme. A copy of the master insurance agreement between CPE, Liberty Insurance (the “Master Insurance Agreement”) and acceded to by Ascend Education Centre for the purpose of insuring, among other things, the Student is available at:
All students are required to sign the Standard-PEI Student Contract(V3.1), applying for the FPS and acknowledge the Form 12 of Private Education Act (No.21 of 2009) to verify that they fully understand the FPS - Regulation 25(5)(b). The FPS protects all students' fees in the event that Ascend Education Centre is unable to continue operations due to:
- Insolvency events
- Regulatory closure
- Direction issued by CPE
It also protects the student under personal accident cover of S$10,000 payable upon death or permanent total disablement arising from an accident in Singapore.
For the FPS insurance protection, insurance will be purchased within 7 working days via the Liberty Insurance portal when fee is collected and receipt of payment is issued. The student is protected during this seven day period through a pre-cover arrangement whereby the sudent's course fees are insured from the date of course fees payment to Ascend Education Center untill whichever is earlier:
- The date of commencement of the Period of Indemnity in a subsequent Certificate of Insurance issued to Student; or
- Seven (7) working days after the payment
All update on changes to student status will be notified to Liberty Insurance Email notification from Liberty Insurance will be sent to the student directly.