The Fee Protection Scheme serves to protect the international and local student’s fees in the event that a Private Education Institution (PEI) is unable to continue operations due to insolvency and/or regulatory closure.
Aventis adopts the FPS ESCROW Scheme for international and local students. The FPS ESCROW offers students protection against the following:
- Loss of course fees paid in advance by the insured student to Aventis and not refunded, if the student cannot start or complete his/her course as a result of Aventis becoming insolvent or being required by the Singapore authorities to stop operations
- Aventis fails to pay the sum awarded by Singapore Courts to the insured student, where such an award relates to a dispute between Aventis and the insured student on course fees paid by the insured student to Aventis