Introduction

All students, be they local or international, who are enrolled at BMC International College, are required to enter into a Standard Private Education Institution-Student Contract.

They will be briefed on the contract before they sign it. All course fees paid will be protected under the Fee Protection Scheme (FPS). BMC International College has adopted a combination of Escrow Scheme and Insurance Scheme with Hongkong and Shanghai Banking Corporation (HSBC) Insurance Singapore respectively.

Click on the links below for:
(Adobe reader required)

• Standard PEI-Student Contract
• Master Escrow Agreement between BMC International College and HSBC
• HSBC Fee Protection Insurance (EduTrust):
  • HSBC EduTrust Master Certificate of Insurance
  • HSBC EduTrust Master Policy Wordings
• HSBC Student Medical Insurance:
  • HSBC Student Enrich - Master Certificate of Insurance
  • HSBC Student Enrich - Group Hospital & Surgical Product Summary
    (For Both International and Local Students)
  • HSBC Student Enrich - Group Personal Accident Product Summary
    (For International Students Only)
  • HSBC Student Enrich - Claim Procedures & Claim Form

For more information on the FPS and if your course fees are protected, please visit Council for Private Education (CPE).

What is Fee Protection Scheme (FPS)?

Introduction to the Fee Protection Scheme (FPS)

The Fee Protection Scheme (FPS) serves to protect students' fees in the event a private education institution is unable to continue operating due to insolvency, and/or regulatory closure. The Fee Protection Scheme also protects students if the private education institution fails to pay penalties or return fees to the students arising from judgement made against it by the Singapore courts.

EduTrust-certified private education institutions are required to adopt the Fee Protection Scheme to provide full protection to all fees paid by their students. All fees refer to all monies paid by the students to be enrolled in a private education institution, excluding the course application fee, agent commission fee (if applicable), miscellaneous fees (non-compulsory and non-standard fee paid only when necessary or where applicable; for example, the re-exam fee or changes for credit card payment etc,) and GST.

Private education institutions can choose to adopt either the escrow scheme, insurance scheme, or a combination of both to provide fee protection to all their students.

Fee Protection Under the Escrow Scheme

Under the escrow scheme, private education institutions are strictly not allowed to collect any money from their students. Instead, the students are to deposit all their fees into the escrow bank account which their private school has opened with any one of the Council for Private Education-appointed banks. Funds in the account are disbursed to the private education institution on a regular basis only if specific conditions are met.

The Council for Private Education-appointed banks include the:

• Development Bank of Singapore (DBS)
• Hongkon and Shanghai Banking Corporation (HSBC); and
• Standard Chartered Bank (SCB)

Fee Protection Under the Insurance Scheme

Under the fee insurance scheme, private education institutions will purchase insurance protection from any one of the Council for Private Education-appointed insurance companies for every one of their students to protect their fees.

Students studying in an EduTrust-certified education institution need to pay fees of up to a maximum of 12 months of their course duration to their private school.

The Council for Private Education-appointed insurance companies are HSBC Insurance and Lonpac Insurance Bhd.