For more information pertaining to the Private Education Act please refer to Committee of Private Education (CPE) website: www.cpe.gov.sg
Private Education Institution
Private Education Institution
Private Education Act
Industry-Wide Course Fee Protection Insurance Policy (IWC)
Rutgers Business School Asia Pacific has in place an Industry-wide Course Fee Protection Insurance Policy (IWC) to protect the paid fees of students residing in Singapore, renewable on an annual basis. The IWC serves to protect the student’s fees in the event that the PEI is unable to continue operations due to insolvency, and/or regulatory closure. In addition, the IWC protects the student if the PEI fails to pay penalties or return fees to the student arising from judgments made against it by the Singapore courts. We have appointed Lonpac Insurance Bhd as our IWC insurance provider. Under the IWC insurance scheme, students’ fees are insured by Lonpac Insurance Bhd. In case of events as stated above, students will be able to claim their paid fees from Lonpac Insurance Bhd. A copy of the insurance certificate is available here.
Standard Student Contract
As stipulated by CPE and with the aim of enhancing the confidence of students in the quality of education in Singapore, Rutgers Business School Asia Pacific will enter into a standard PEI-Student contract which protects the interests of our students; the terms of this contract are guided by the template provided by the CPE. The PEI-Student Contract lays out the important terms and conditions governing the relationship between the student and the school. For a sample copy of the student contract, please click here. Students will be issued with a comprehensive Student Contract upon enrolment into a program.
Refund Policy
The PEI will provide the Student with a cooling-off period of seven (7) working days after the date that the Contract has been signed by both parties.
The Student will be refunded the highest percentage (see table below) of the fees already paid if the Student submits a written notice of withdrawal to the PEI within the cooling-off period, regardless of whether the Student has started the course or not.
Where a student withdraws from the course for any reason, the student shall be refunded subject to the following refund policy:
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% of the amount of fees paid under Schedules B & C
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If Student’s written notice of withdrawal is received:
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70%
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(“Maximum Refund”) More than 1 day before the Course Commencement Date
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60%
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After, but not more than 15 days after the Course Commencement Date
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40%
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More than 15 days after the Course Commencement Date, but not more than 30 days after the Course Commencement Date
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30%
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More than 30 days after the Course Commencement Date, but not more than 45 days after the Course Commencement Date
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0%
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More than 45 days after the Course Commencement Date
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