We are required by Council for Private Education (CPE) to adopt a compulsory Fee Protection Scheme (FPS) to provide protection to all payable fees by all local and international students.

Payable fees refer to all monies that are paid by students to be enrolled in Boston Business School except for registration fee, miscellaneous fees and Goods and Services Tax. Miscellaneous fees refer to any non-compulsory and non-standard fees which the students will pay only when necessary or applicable, for example, re-sit examination fee, membership renewal fee, etc.

The FPS serves to protect students against loss of fees in the event Boston Business School is unable to continue operating due to insolvency or regulatory closure. The FPS also protects students if we fail to pay penalties or return fees to students arising from a judgement made against us by Singapore courts.

We have adopted the escrow scheme with DBS Bank Ltd for the FPS. Under this scheme, Boston Business School or our education agents are strictly not allowed to collect any money from students. Instead, students must pay their fees protected under the FPS directly into Boston Business School STFA (Escrow) Account No. 003-901541-0 through one of the following methods:

Students, however, must pay registration fee, miscellaneous fees and Goods and Services Tax directly to Boston Business School by either cash, NETS or cheque made payable to Boston Business School Pte Ltd.

The bank will act as a trustee and disburse the fees to Boston Business School on a regular basis. Students can verify if their fees have been protected under the FPS through the CPE website by clicking on Quick Links for students under ‘Are my school fees protected?’.