The Student Protection Scheme (SPS) serves to protect the students' fees in the event a Private Education Organization (PEO) is unable to continue operations due to insolvency, and/or regulatory closure. Furthermore, the SPS protects the student if the PEO fails to pay penalties or return fees to the student arising from judgments made against it by the Singapore courts.                                                              

There are two schemes that a Private Education Organisation can choose from - the Student Tuition Fee Account (Escrow) or the Student Tuition Fee Insurance.

EASB Institute of Management confirms and undertakes to the student that it has in place a Student Protection Scheme (SPS) as stipulated by the Consumers Association of Singapore (CASE) by way of a Student Tuition Fee Account (Escrow) or Student Tuition Fee Insurance pursuant to the terms and conditions of the CASE-PEO Agreement dated 24th December 2004 made between CASE.

Tuition fees paid by the students to the school will have to be left in the custody of a third party, in this case the CASE-endorsed banks participating in the Student Tuition Fee Account (Escrow) scheme. When specified conditions for its release have been met, the banks will disburse the tuition fees on a regular basis to the school. In the case of Student Tuition Fee Insurance, EASB will purchase insurance from NTUC to protect the tuition fee portion for their students.