Student Protection Scheme (SPS) Opening of ESCROW Account

							Student Protection Scheme (SPS)

Opening of ESCROW Account

As required under the Case Trust for Education, the school has signed up with DBS Bank for
the Student Tuition Fee Account (ESCROW) to protect the fees paid by students against any
discontinuation of studies e.g. rejection of student pass application by the ICA, legal closure
of school, cessation of school's operation, etc.

Payment Schedule

Upon confirmation of admission, the school shall open a Student Tuition Fee Account
(ESCROW) for all incoming international students with our designated bank (DBS Bank).
Students are required to sign a Student Escrow Confirmation form when they apply to join us
for payment of the tuition fees into their ESCROW account.

The tuition fees received from the ESCROW account will be deducted based on the following
payment schedule

   •   Initial 30% of the tuition fees received will be paid by the 5th day of the course
       Commencement date
   •   Balance 70% of the tuition fees will be paid in equal instalments over the duration of
       course on first day of each subsequent calendar month

Mode Of Payment

There are many ways that students can pay tuition fees into ESCROW Account

       Cheques, Cashier's Order & Singapore Dollar Bank Draft
       Internet Banking
       Telegraphic Transfer
       ATM

Standard Student Contract

All incoming students are required to sign Standard Student Contract with the school before
Course Commencement. Sample of Standard Student Contract can be viewed at
www.inspiration.sg