Student Fee Protection - What is this?
The New Zealand Government requires all PTE’s who are registered with the NZQA to have some form of protection for student fees received in advance.
For Professional IQ College the criteria means any student who is paying their fees personally must be registered with the public trust. If the student enrolment expense is being claimed as a business expense from any company (either their own or an employers company) then fee protection does not apply.
For our students fee protection does not apply to enrolment under $500 + GST.
Professional IQ College use the Public Trust to satisfy the student fee protection criteria.
If eligible your fee should be paid directly to them, and they will in turn release funds to us based on the learning time set for your course. This means that if anything happens to the College that prevents you from completing your learning then funds as per the acknowledgement form are recoverable from the Public Trust.
This arrangement has been accepted by the NZQA as meeting the requirements of the Education Act 1989 and the student fee protection rules 2013.
Can I Still Enrol?
Students paying their own fees will be registered with the Public Trust by PIQ College. You will be sent a Student Acknowledgement form to sign and return to PIQ College.
The College will lodge the form with the Public Trust on your behalf. You will then be required to deposit your payment directly into the Public Trust Student Fee Protect account. Their account details and your personal reference number is outlined on the Public Trust student acknowledgement form.
You can still login and book on line but payment must not be paid at this stage if the student fee protection rules apply to your enrolment.
If you have any questions about the Public Trust Student Fee Protection, email: firstname.lastname@example.org or you can find out more about the NZQA rules here..... or the Public Trust website here.....