Fee Protection Scheme
The Fee Protection Scheme (FPS) serves to protect the students’ fees in the event a Private Education Institution (PEI) is unable to continue operations due to insolvency, and/or regulatory closure.
Furthermore, the FPS protects the student if the PEI fails to pay penalties or return fees to the student arising from judgments made against it by the Singapore courts.
The School has in place the Fee Protection under the Insurance Scheme.
For students who are covered under FPS in the form of Insurance, the insurance will be bought by the school from one of the CPE appointed insurance companies (Liberty Insurance Pte Ltd) to protect fees paid by the students.
Liberty Insurance Pte Ltd
Policy Number: FPS041Y17
Validity Date: 21/11/2017 to 16/12/2019
For students who are covered under FPS in the form of Insurance, they can pay their fees (in Singapore currency) through the following methods:
2. SGD crossed cheque
3. Cashier’s order
4. Bank draft
5. Telegraphic transfer
6. DBS/POSB ATM
7. DBS Internet Banking
Company Name: Singapore Raffles Music College Pte Ltd
Bank Name: THE DEVELOPMENT BANK OF SINGAPORE (DBS BANK)
Bank Account: 003-902327-8
Swift Code: DBSSSGSG
For payment of fees in other currencies, payment can be done through the following method:
1. Telegraphic Transfer
2. Bank Draft/Cashier’s order
The student is to indicate their name upon transfer of fees and provide a reference number to the school. FPS is compulsory for both local and international students taking courses at the School except for short courses with waiver granted by CPE.
The following are ways for students to be ensured that their fees are well-protected: Students should be aware of the clauses and details of the adopted FPS when signing the student contract and the advisory note.
For more details, please visit http://www.cpe.gov.sg.