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Fee Protection Scheme
(FPS)
We have in place the Fee Protection Scheme (FPS) to
provide full protection to all fees* paid by the students as
stipulated by the CPE. Student joining INMADE Business
School shall participate in the FPS which serves to protect
the Student’s fees in the event that INMADE Business
School is unable to fulfil its obligations of conducting and
completing the course that the student is enrolled. FPS is
applicable to all students. (regardless of nationality and
the type of passes held by students, i.e. dependent’s
pass, student’s pass, work permit etc.)
* All fees refer to all monies that are paid by student to
be enrolled in INMADE Business School. except for course
application fee, miscellaneous fees and agent commission fee
(if applicable)
GST is not inclusive as part of fees to be protected.
Students can check and confirm they are protected under the
Fee Protection Scheme by logging on to the CPE website
(www.cpe.gov.sg)
and clicking on the Quick Links for Students (under "Are my
school fees protected"). The Student's NRIC/ FIN number will
be required.
The FPS facility is available through Escrow Scheme
- INMADE Business School has entered into a Master
Escrow Agreement between CPE and DBS Bank Limited.
(Click
here to view the copy of master
agreement)
- Under the Escrow Scheme, students will pay their fees
directly to DBS Bank who acts as a trustee and disburse
the fees on a regular basis to Inmade Business
School
- Before the student sign Inmade Business
School-Student Contract, he / she can check that escrow
fee protection is included in the contract. The student
can also make sure that they also sign on the Student
Escrow Confirmation (SEC) slip, which indicates the fee
instalments that you need to deposit in the bank (The
student would receive SEC through email once Acceptance
Letter is received by Inmade Business School)
- The student would also receive a copy of the payment
voucher (PV) from INMADE Business School. The payment
voucher states:
- the amount of fees and instalments that the
student need to deposit into the escrow bank account,
and
- the due dates of the fee instalments
- After the student has made a deposit into the escrow
bank account of INMADE Business School, they can check if
the fee has been protected by referring to the Council
for Private Education's website.
- Please note: The Fee Protection
Scheme data from the banks is updated on a fortnightly
basis on the Council for Private Education's website.
Students can check for updates of their fee protection
status at the start of the second or fourth week of
each month.
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+65-8453-7643