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PROTECTION OF COURSE FEES

The Committee for Private Education (CPE) sets regulations to protect course fees paid by students in the form of fee collection caps and fee protection schemes.

The Industry-Wide Course Fee Protection Insurance Scheme (IWC) is administered by CPE under the Enhanced Registration Framework (ERF).  The purpose of IWC is to protect the unconsumed course fees paid by students in the event that a PEI is unable to continue operating.

AAARYA Business College Pte Ltd has put in place the Industry-Wide Course Fee Protection Insurance Scheme (IWC) that ensures the unconsumed course fees paid by students are insured.  The IWC is a group-based insurance policy that provides coverage to all students studying in AAARYA Business College Pte Ltd.

AAARYA Business College Pte Ltd has appointed Lonpac Insurance Bhd, a CPE-appointed service provider, for the Industry-Wide Course Fee Protection Insurance Scheme (IWC). 

For more information on Protection of Course Fees, please refer to CPE’s website: https://www.cpe.gov.sg/for-peis/protection-of-course-fees