Static and Bank Bond Trusts

Static and Bank Bond Trusts

Some training providers use the Static Trust or Bank Bond Trust, where all student fees are covered by one trust. A lump sum or bank bond is held in trust to cover all expected student fees. Here's how it works.

  1. Your training provider will set up a trust to cover fees paid by all students.
  2. Your provider will provide you during enrolment details how your fees are protected.
  3. You pay your fees to your training provider.
  4. Public Trust will hold the lump sum or bank bond in trust. In case of course closure these would be used to refund fees (or a portion of the fees) to affected students.

To find our more, see Student fee protection on the New Zealand Qualifications Authority website.