CASE - Student Protection Scheme
CASE is a national body which came into existence in 1969 with the aim and commitment to stand up for consumer rights and responsibilities. Keeping in line with its tradition of protecting the consumers, CASE initiated the „CaseTrust Scheme especially for the education sector. It has two tiers – first, an essential or mandatory tier, which requires schools to ensure high quality student welfare practices and standards and gives schools the right to enrol international students. Second, a voluntary tier, tied to privileges, is focused on enhancing business and academic excellence. CaseTrust for Education is part of the essential tier under the regulatory framework. For further details, please visit the following URL - http://www.case.org.sg/casetrust5.htm

CASE-Student Protection Scheme
This scheme has been initiated to protect the student’s fee, in case the school is unable to continue its operations either due to insolvency, and/or due to regulatory closure. This scheme is optional for non Student’s Pass holders.

There are two schemes to choose from – the Student Tuition Fee Account (Escrow). or the Student Tuition Fee Insurance.

EduTrust
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.

ICRI Centre for Life Sciences & Professional Management’s Escrow Account
Under the Fee Protection Scheme, all Students will need to open a Student Tuition Fee ESCROW Account approved by CPE.

The FPS serves to protect the students’ fees in the event ICRI Centre For Life Sciences & Professional Management is unable to continue operations due to insolvency, and/or regulatory closure. Moreover, the FPS protects the students if ICRI Centre For Life Sciences & Professional Management fails to pay penalties or return fees to the student arising from judgments made against it by Singapore Courts.

A copy of the Master Escrow Agreement between CPE, DBS Bank Ltd (the “Master Escrow Agreement”) and acceded to by
ICRI Centre For Life Sciences and Professional Management is available at www.icrisingapore.sg. The Master Escrow Agreement sets out, among other things, the details upon which ICRI had establish an Escrow Account with the Escrow Bank, DBS Bank Ltd for the purposes of receiving payment of the Student’s Fee.

ICRI Centre For Life Sciences and Professional Management hereby confirms and undertakes to the Student that it has in a place Student Tuition Fee Account (Escrow) with DBS Bank Ltd.

The School Escrow account name is under the FPS scheme should be paid to:

For more information on Fee Protection Scheme, please visit the website
http://www.cpe.gov.sg/cos/o.x?c=/cpe/pagetree&func=view&rid=486

Please note:
There is a late payment charge of SGD 20.00 per week for payments received later than 7 days after the due date. The school reserves the right to cancel the student pass of a student who has not made payment 15 days after the due date.

• The Master Escrow Agreement
• FPS Instruction Manual for PEI
• Certificate of PEI Escrow Establishment