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Singapore Private Education Act The Private Education Act came in place from 21 December 2009 to ArtFusion is currently registering under the Private Education Act’s Framework to of Enhnace Registration Framework and is compliant to all regulatory requirements. A quality assurance framework, EduTrust, is being introduced to as a quality assurance mark for all private education institution (PEI). Under the EduTrust Certification Scheme, private education providers must adopt a Fee Protection Scheme with the CPE-appointed service providers and provide medical insurance coverage for hospitalisation and related medical treatment throughout the entire course duration. ArtFusion has already in place such framework. ArtFusion is current applying for this certification. A notice will be updated when ArtFusion full receive the Certification.  Fee Protection Scheme (FPS) The Fee Protection Scheme (FPS) serves to protect students’ fees in the event a private education institution is unable to continue operating due to insolvency, and/or regulatory closure. The Fee Protection Scheme also protects students if the private education institution fails to pay penalties or return fees to the students arising from judgement made against it by the Singapore courts. EduTrust-certified private education institutions are required to adopt the Fee Protection Scheme to provide full protection to all fees paid by their students. All fees refer to all monies paid by the students to be enrolled in a private education institution, excluding the course application fee, agent commission fee (if applicable), miscellaneous fees (non-compulsory and non-standard fee paid only when necessary or where applicable, for example, the re-exam fee or charges for credit card payment etc,) and GST. Private education institutions can choose to adopt either the escrow scheme, insurance scheme, or a combination of both to provide fee protection to all their students. ArtFusion Fee Protection Scheme (ESCROW) Under the escrow scheme, private education institutions are strictly not allowed to to collect any money from their students. Instead, the students are to deposit all their fees into the escrow bank account which their private school has opened with any one of the Council for Private Education-appointed banks. Funds in the account are disbursed to the private education institution on a regular basis only if specific conditions are met. The Council for Private Education-appointed banks include the: * Development Bank of Singapore (DBS); * Hongkong and Shanghai Banking Corporation (HSBC); and * Standard Chartered Bank (SCB). ArtFusion is currently using DBS Bank as our appointed ESCROW account for all students fees under Edutrust Framework. Student Contract Private education institutions are required to issue private education institution-student contracts to students for all courses which are longer than two months, regardless of the course level or whether they are conducted on a full-time or part-time basis. As such, all ArtFusion’s students will need to sign a student contact and an acknowledgement letter for accepting the contact. For more information of Student Contract kindly visit CPE’s website |
  If you are considering our programs and would like to speak to one of our education advisors in person, please be in touch.  |
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