Fee Protection Scheme Print

Fee Protection Scheme (FPS)

Under the Fee Protection Scheme, all Students will need to open a Student ESCROW Account with a CPE-endorsed bank.

The FPS serves to protect the students’ fees in the event the training centre is unable to continue operations due to insolvency, and/or regulatory closure.  Moreover, the FPS protects the students if the training centre fails to pay penalties or return fees to the student arising from judgements made against it by Singapore Courts.

Fees under FPS scheme should be paid to the following HSBC Bank Account:
Escrow Account Name: ABSNA School Pte Ltd – FPS Escrow Account
Escrow Account Number: 152-542536-002
More information on FPS can be found at the following CPE Website:
http://www.cpe.gov.sg/cos/o.x?c=/cpe/pagetree&func=view&rid=259