Council for Private Education (CPE)

A new Private Education Act 2009 and Private Education Regulations 2009 was enacted in December 2009 and along with it the council for Private Education (CPE) which also launched the EduTrust certification scheme to replace the CaseTrust certification scheme. The CPE is charged with ensuring academic standards and quality of service to students in the private education sector in Singapore are world class.

While the EduTrust certification scheme is voluntary as with the CaseTrust certification scheme, it is one of the prerequisites which private education institutions that enrol international students must meet to qualify for the issue of Student Passes, as stipulated by the Immigration and Checkpoints Authority (ICA) in which the Singapore campus must adhere to.

Fee Protection Scheme

One important aspect of the EduTrust framework is the Fee Protection Scheme (FPS), which aims to protect students against loss of tuition fees due to malpractice by the course providers. It is compulsory for both international students and for local students.

The FPS serves to protect the international and local students' fees in the event that a 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.

OSAC International College has put in place Escrow Scheme:

Escrow Scheme

Tuition fees paid by the students to the school will have to be left in the custody of a third party, in this case, the CPE-endorsed banks, DBS Bank Ltd. When specified conditions for its release have been met, the banks will disburse the tuition fees on a regular basis to the school.

For students who are covered under FPS in the form of Escrow account, they must pay their fees (in Singapore currency) into the Escrow account through the following methods:

OSAC International College has partnered DBS Bank in providing ESCROW protection for all students. 

Click to view the DBS Master Escrow Agreement

Medical Insurance

OSAC International College confirms and undertakes to the Student that it has in place a medical insurance scheme for all its students as required by CPE under EduTrust certification scheme. This medical insurance scheme shall minimally provide for an annual coverage limit of not less than S$20,000 per student, at least B2 ward in government and restructured hospitals and 24 hours coverage in Singapore and overseas (if student is involved in school-related activities) throughout the course duration, and the Student is encouraged to seek advice on whether more comprehensive insurance cover is required or desired.

For more details please visit the CPE website: http://www.cpe.gov.sg or
contact the CPE Student Services at 6592 2108