Fees Protection Scheme

Fees Protection Scheme

The Fees Protection Scheme (FPS) is to provide protection for all fees paid by all students pursuing a course of education in Singapore. It protects the fees paid by the student in the event that a Private Education Institute (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 to return fees to students arising from judgements made against it by the Singapore Courts. 

For more information on the FPS, please refer to CPE at  www.cpe.gov.sg  

Spatec has adopted the following Fee Protection Scheme mechanism 
1. By way of payment of fees by students to the Escrow Account with details as follows

Appointed Escrow Bank DBS BANK LTD
Address 2, Changi Business Park Crescent, DBS Asia Hub, #03-05A, Lobby B,
Singapore 486029
Account Name Spatec Academy Pte Ltd. STFA (ESCROW)
Account Number 003-923812-6

The following are acceptable modes of payment to the Escrow Account

  • Cheque payment (preferred)
  • Cashier order
  • Telegraphic transfer

 

Other Fees Payable

Other fee payable required during the course of studies may include, but not limited to

  • ITEC Examination Fees
  • Materials Fees (including uniform, Carrier bag)
  • ITEC Examination Late Booking Fees (only if applicable)
  • Re-taking Examination Fees (only if applicable)
  • Result Appeal Complaints Fees  (only if applicable)
  • Replacement of Student ID  (only if applicable)
  • Re-print of ITEC Certificate Fees  (only if applicable)
  • Course Fee Late Payment Fees (1%)  (only if applicable)
  • Medical Insurance Fees (only if applicable)

Payment modes for the above fees include cash (in Singapore currency) and cheque. A receipt bearing the date of the receipt of paymet will be issued for the amount paid.

All Staff of the Academy are not allowed to collect a course deposit from its students.

Issue of Receipts

For all payments made by the students to Spatec Academy, the Academy issues a receipt to the Student stipulating the amount paid, the date of payment, and the purpose of such payment (with proper breakdown of the payment amount, where applicable).