STUDENT FINANCE INFORMATION - 2020 icmp.ac.uk - Institute of Contemporary ...

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STUDENT FINANCE INFORMATION - 2020 icmp.ac.uk - Institute of Contemporary ...
STUDENT
FINANCE
INFORMATION
2020

  icmp.ac.uk
STUDENT FINANCE INFORMATION - 2020 icmp.ac.uk - Institute of Contemporary ...
“ The creativity
  and support that
  surrounded me
  in every class was
  incredible. The
  tutors genuinely care
  about what they do
  and go above and
  beyond to encourage
  and challenge the
  students on
  their work.”
  EMMA MILLER
  BA (HONS) SONGWRITING
STUDENT FINANCE INFORMATION - 2020 icmp.ac.uk - Institute of Contemporary ...
WELCOME
We’re delighted that you’ve
chosen to study at the Institute
of Contemporary Music
Performance (ICMP) – the UK’s
premier school of modern music.
One of the most important aspects of enrolling
is making sure you have plans in place to
finance your chosen course. To help you, we’ve
created this short guide to fees and financing,
which we hope will be of assistance.

Just follow the advice in the relevant section,
depending on whether you’re a UK student; a
European Union student; a European Union
student who has lived in England for five years
or more; or an international or EEA student.

And of course, don’t hesitate to contact a
member of our Finance team at any time,
should you have any questions or encounter
difficulties financing your studies. We are
here to help and will try to make things as
straightforward for you as possible.

CONTENTS
Undergraduate Programmes           2-7
- Course fees				 2
- Student finance				                 3
Student loans			                   4 -7
- UK students				 4
- EU students			                      6
- International and EEA Students		    7
Postgraduate Programmes            8-9
Payment of fees			                   10

  NEED MORE HELP
  OR INFORMATION?
  If you have any questions relating to
  financing your course, please do not
  hesitate to contact us.

  Phone: +44 (0)20 7604 2465
  Email: finance@icmp.ac.uk

                                                  1
STUDENT FINANCE INFORMATION - 2020 icmp.ac.uk - Institute of Contemporary ...
FINANCE SUMMARY
    Undergraduate programmes 2020

    COURSE FEES
    COURSE DETAILS                                                 ANNUAL COURSE FEES

    UCAS Course Name                    Qualification   Duration     UK/EU    International

    BMus (Hons) Popular Music           BMus (Hons)     3 years      £9,250     £11,500
    Performance
    BA (Hons) Creative Musicianship      BA (Hons)      3 years      £9,250     £11,500

    BA (Hons) Songwriting                BA (Hons)      3 years      £9,250     £11,500

    BA (Hons) Music Business             BA (Hons)      3 years      £9,250     £11,500
    and Entrepreneurship
    BA (Hons) Creative Music             BA (Hons)      3 years      £9,250     £11,500
    Production
    Cert HE Creative Musicianship         CertHE         1 year      £9,250     £11,500

    Cert HE Songwriting                   CertHE         1 year      £9,250     £11,500

    Cert HE Creative Music Production     CertHE         1 year      £9,250     £11,500

    Cert HE Music Business                CertHE         1 year      £9,250     £11,500
    and Entrepreneurship
    HNC in Music Performance               HNC           1 year      £7,600     £10,000
    (Higher Diploma)

2
STUDENT FINANCE INFORMATION - 2020 icmp.ac.uk - Institute of Contemporary ...
STUDENT FINANCE
COURSE NAME                       ANNUAL COURSE
                                            ACCESS
                                                FEESTO STUDENT LOANS

                                                                 EU students
                                                                 who have
                                                                                 International
UCAS Course Name                  UK/EU
                                    UK StudentsInternational
                                                   EU Students   lived in the
                                                                                 Students
                                                                 UK for 5 or
                                                                 more years
BMus (Hons) Popular Music                 ✓            ✓               ✓               ✗
Performance
BA (Hons) Creative Musicianship           ✓            ✓               ✓               ✗

BA (Hons) Songwriting                     ✓            ✓               ✓               ✗

BA (Hons) Music Business                  ✓            ✓               ✓               ✗
and Entrepreneurship
BA (Hons) Creative Music                  ✓            ✓               ✓               ✗
Production
Cert HE Creative Musicianship             ✓            ✓               ✓               ✗

Cert HE Songwriting                       ✓            ✓               ✓               ✗

Cert HE Creative Music Production         ✓            ✓               ✓               ✗

Cert HE Music Business                    ✓            ✓               ✓               ✗
and Entrepreneurship
HNC in Music Performance                  ✓            ✓               ✓               ✗
(Higher Diploma)

                                               KEY:    ✓ Tuition Fee and Maintenance Loan
                                                       ✓ Tuition Fee loan only
                                                       ✗ No access to UK student finance

                                                                                                 3
STUDENT FINANCE INFORMATION - 2020 icmp.ac.uk - Institute of Contemporary ...
STUDENT LOANS
      Undergraduate programmes 2020

      UK STUDENTS
      If you are a UK student, you will most likely      TUITION FEE LOAN
      have access to a Tuition Fee Loan to cover the     This is a non-means-tested loan so the
      full cost of the annual undergraduate course       amount you are entitled to doesn’t depend
      fees, plus a Maintenance Loan to help with         on your household income. Tuition Fee
      your living expenses.                              Loans are to help cover the cost of us
                                                         providing your course and are available to
      Please note, students who have already studied     cover the full cost of the annual course
      at the same level or above will most likely have   fees. This is paid directly by the Student
      access to the Maintenance Loan only, regardless    Loan Company (SLC) to ICMP.
      of whether they took out a Tuition Fee Loan
      previously or not. If you are unsure whether       When making your application, ensure that
      you are eligible for a Tuition Fee Loan,           you request the full amount to cover the
      contact a member of our Finance team.              cost of your annual course fees – noted
                                                         on page 2 – but do not tick the ‘maximum
                                                         amount’ box; that would result in you

    “ I really enjoyed my time
                                                         borrowing more money than required.

                                                         For more information, you can visit:
      at ICMP. I met some                                Student Finance England
      amazing people and                                 www.gov.uk/student-finance

      learned so much.                                   Student Finance Wales
                                                         www.studentfinancewales.co.uk
      It definitely broadened                            Student Finance Northern Ireland
                                                         www.studentfinanceni.co.uk
      my creative approach
                                                         Student Finance Scotland
      and challenged me                                  www.saas.gov.uk

      in the right way.”
      DAN COLLIER
      THE HEMPOLICS

4
STUDENT FINANCE INFORMATION - 2020 icmp.ac.uk - Institute of Contemporary ...
MAINTENANCE LOAN                                          WHEN YOUR LOAN HAS
A Maintenance Loan is to help support you during          BEEN APPROVED
your studies. It is means tested and will need to         When your loan application has been approved,
be repaid. The amount you are entitled to will            you will receive a confirmation letter. You will
vary depending upon your household income,                need to scan and email a copy of this letter to
where you live and whether or not you are living          finance@icmp.ac.uk.
with parents whilst studying. The maximum
amount available is £12,010 each year. This is paid       When you attend the ICMP Induction and
directly to you, and is paid in instalments.              Enrolment activity in May or September we
                                                          will register you as a student and your loan will
WHEN SHOULD I APPLY?                                      be released.
Applications for student finance open in March
                                                          REPAYING THE LOANS
and generally take 4-6 weeks to be processed.
You can apply when you have a conditional or              You will start repayments on your student loans
unconditional course offer. The application may           when you start earning £26,575* or more per
ask you about your household income to assess             year. Your repayments will be taken out of your
the amount of loan you will be eligible for.              salary at the same time as tax and National
                                                          Insurance if you’re an employee. Your payslips
Once submitted, Student Finance may request               will show how much has been deducted.
that your parents, or those living with you
at home, provide information/proof of their               If you’re self-employed HM Revenue and
income. They will need to provide this. The final         Customs (HMRC) will work out how much you
step, if you have applied online, will be to sign         pay from your tax return. You pay at the same
and return a Declaration, which is included with          time as you pay your tax.
your Notification of Entitlement. This is needed to
                                                          OTHER SUPPORT
confirm the funding and release payments.
                                                          Student Finance will also be able to provide
We advise that you apply as early as possible             you with details of the following types of
because if there are any complications with your          assistance should you be eligible: Disabled
application you will still have plenty of time to         Students’ Allowances (DSAs); The Parents’
resolve them before the course starts. To make            Learning Allowance; Childcare Grant; and
your application you will need the information            Adult Dependants’ Grant.
in the ‘Course Finance Summary’ on page 2,
plus the following:                                       Visit www.gov.uk/student-finance
                                                          for more information.
• Institution name: The Institute of
  Contemporary Music Performance
• ICMP UCAS code: i25

* Figures are correct at the time of publication and are subject to government review.
  We suggest visiting www.gov.uk/student-finance for the latest information relating to student finance.
                                                                                                              5
STUDENT FINANCE INFORMATION - 2020 icmp.ac.uk - Institute of Contemporary ...
STUDENT LOANS
      Undergraduate programmes 2020

      EU STUDENTS
      If you are a European Union (EU) student           TUITION FEES LOAN
      joining us in 2020, you will most likely have      This is a non-means-tested loan so the amount
      access to a ‘Tuition Fee Loan’ to cover the full   you are entitled to doesn’t depend on your
      cost of the annual undergraduate course fees.*     household income. Tuition Fee Loans are to help
                                                         cover the cost of us providing your course and
      Please note, students who have already studied     are available to cover the full cost of the annual
      at the same level or above will not have access    course fees. This is paid directly by the Student
      to student finance, regardless of whether they     Loan Company (SLC) to ICMP. All EU students
      took out a student loan previously or not. If      should apply using the downloadable EU
      you are unsure whether you are eligible for a      student application form, available at
      student loan or not, contact a member of           www.gov.uk/student-finance. EU students
      our Finance team.                                  cannot apply using the online application.

                                                         When making your application, ensure that you

    “ I’ve gained so many friends                        request the full amount to cover the cost of your
                                                         annual course fees - noted on page 2 - but do not
                                                         tick the ‘maximum amount’ box; that would result
      for life and being around so                       in you borrowing more money than required.
      many inspiring musicians is                        WHEN SHOULD I APPLY?
      just the best feeling in the                       Applications for student finance open in March
                                                         and generally take 4-6 weeks to be processed.
      world. I would recommend                           You can apply when you have a conditional or
                                                         unconditional course offer.
      ICMP to anyone wanting to                          We advise that you apply as early as possible
      become a better musician,                          because if there are any complications with your
                                                         application you will still have plenty of time to
      better performer and to                            resolve them before the course starts. You will
                                                         need the information in the ‘Course Finance
      have the best time ever!”                          Summary’ on page 2, plus the following:

      TRULY FORD                                         • Institution name: The Institute of
      CURRENT STUDENT                                      Contemporary Music Performance
                                                         • ICMP UCAS code: i25

6
STUDENT FINANCE INFORMATION - 2020 icmp.ac.uk - Institute of Contemporary ...
WHEN YOUR LOAN HAS                                            REPAYING YOUR LOAN
BEEN APPROVED                                                 You will start repayments on your student loans
When your loan application has been approved,                 when you start earning £26,575** or more per
you will receive a confirmation letter. You will              year. Your repayments will be taken out of your
need to scan and email a copy of this letter                  salary at the same time as tax and National
to finance@icmp.ac.uk.                                        Insurance if you’re an employee. Your payslips
                                                              will show how much has been deducted.
When you attend the ICMP Induction and                        If you’re self-employed HM Revenue and
Enrolment activity in May or September we                     Customs (HMRC) will work out how much you
will register you as a student and your loan                  pay from your tax return. You pay at the same
will be released.                                             time as you pay your tax.

  EU STUDENTS WHO HAVE                                          INTERNATIONAL
  LIVED IN ENGLAND FOR                                          AND EEA STUDENTS
  FIVE OR MORE YEARS
                                                                Students from outside the UK and EU are
  If you are an EU student who has lived in                     not eligible for student loans from the UK.
  England for five or more years, please see the                You may be able to apply for a loan, scholarship
  ‘UK students’ section on the previous page.                   or bursary in your home country, and we
                                                                would advise that you enquire into any
                                                                available financial assistance.

* In light of the UK leaving the EU, loans have been assured for eligible EU students joining in 2020,
  but not currently for students joining us beyond then.
** Figures are correct at the time of publication and are subject to government review.
   We recommend visiting www.gov.uk/student-finance for the latest information relating to student finance.

                                                                                                                   7
STUDENT FINANCE INFORMATION - 2020 icmp.ac.uk - Institute of Contemporary ...
FINANCE SUMMARY
    Postgraduate programmes 2020

    COURSE FEES
     COURSE DETAILS                                                                   COURSE FEE

     Course Name                               Qualification       Duration       UK/EU       International

     MMus in Popular Music Performance               MMus           1 year        £8,995         £11,500

     MA in Songwritring                              MA             1 year        £8,995         £11,500

     MA Creative Music Production                    MA             1 year        £8,995         £11,500

    If you are a UK/EU student, you will most               POSTGRADUATE MASTER’S LOAN
    likely have access to a Postgraduate Loan to            A Postgraduate Master’s Loan can help with
    assist with your course fees and contribute             course fees and living costs while you study
    to your living costs.                                   a postgraduate master’s course.
    Please note, students who have already studied          The loan is not means-tested, meaning the
    at the same level or above will not have access         amount you can receive does not depend
    to student finance, regardless of whether they          on your financial background.
    took out a student loan previously or not. If
    you are unsure whether you are eligible for a           Funding for postgraduate loans is different
    student loan or not, contact a member of our            if you normally live in Scotland, Wales or
    Finance team.                                           Northern Ireland. Moving somewhere to
                                                            study does not count as normally living there.

                                                            Please visit www.gov.uk/masters-loan for
                                                            further information.
      ICMP ALUMNI DISCOUNT
      ICMP graduates who return to study at
      postgraduate level with us are entitled to a
      £500 discount on course fees.

8
WHAT YOU’LL GET                                   EXTRA HELP
Eligible students can access up to£11,222, if     You may qualify for other funding, for example
your course starts on or after 1 August 2020.     grants from charities or trusts. Student Finance
                                                  England also has more information about other
The Department for Work and Pensions (DWP)        kinds of student finance.
may take account of the loan when working
out any benefits you receive.                     You will not be eligible for an Adult Dependants’
                                                  Grant, a Childcare Grant or Parents’ Learning
The loan is paid directly to you. You can use     Allowance from Student Finance if you’re
it for your course fees and living costs.         studying a master’s course.
If your course lasts for more than a year,        DISABLED STUDENTS
the loan will be divided equally across each      If you have a disability, long-term health
year of your course.                              condition, mental health condition or specific
WHEN YOU’RE PAID                                  learning difficulty (for example dyslexia) you
                                                  can apply for:
You get the first payment after your course
start date, once your university or college       • Disabled Students’ Allowances
confirms that you’ve registered.                  • extra help if you’re experiencing
                                                    financial hardship
The loan will be paid in 3 instalments of 33%,
                                                  • You may also qualify for disability
33% and 34% each year. After your application
                                                    related benefits
has been approved, you’ll be sent a letter with
your payment dates or you can check them in
your online account.

If using this loan to pay your Tuition Fee,
please contact the Finance team to arrange
a payment plan.

WHEN YOU REPAY YOUR LOAN
You’ll have to start repaying your loan
when your income is over a certain
amount (the ‘threshold’ amount).                   INTERNATIONAL
                                                   AND EEA STUDENTS
You’ll be charged interest from the day
you get the first payment.                         Students from outside the UK and EU are
                                                   not eligible for student loans from the UK.
HOW DO I APPLY?
                                                   You may be able to apply for a loan, scholarship
Applications for postgraduate funding              or bursary in your home country.
are made via gov.uk/masters-loan

                                                                                                      9
PAYMENT OF FEES
     If you do not receive a Tuition Fee Loan, you
     will need to pay your course fees prior to          NEED MORE HELP OR
     commencing your studies at ICMP.                    INFORMATION ON FUNDING?
     Your course fees are due on 21st August 2020        If you have any further questions, please do
     for all courses starting in September 2020.         not hesitate to contact us.

     If you require a Tier 4 Visa to study, the annual   Finance questions: finance@icmp.ac.uk
     course fees need to be paid before ICMP can         Phone: +44 (0)20 7604 2465
     issue your CAS to support your visa application.
     More guidance about Tier 4 Visa applications        Additionally, the following sites provide
     and the required supporting documentation is        further information about course fee loans:
     available from our Admissions team.                 Student Finance England:
                                                         www.gov.uk/student-finance
     COURSE FEES CAN BE PAID BY                          Student Finance Wales:
     THE FOLLOWING METHODS                               www.studentfinancewales.co.uk
                                                         Student Finance Northern Ireland:
     BY CREDIT/DEBIT CARD                                www.studentfinanceni.co.uk
     To make a payment with debit or credit card,        Student Finance Scotland:
     you should call us on +44 (0)20 7604 2465.          www.saas.gov.uk

     BY BANK TRANSFER
     Please notify us by emailing finance@icmp.ac.uk
     when your payment has been made, and ensure
     that you use the student’s name as reference for
                                                         STRUGGLING TO
     the payment when making the transfer so that
                                                         FINANCE YOUR COURSE?
     we can identify you.
                                                         We appreciate that financing your studies
     Bank Name: Bank of Scotland                         is a big commitment. If you do encounter
                                                         difficulties paying your fees please speak
     Account No: 06041723
                                                         to us as early as possible.
     Sort Code: 12-11-03
                                                         In certain circumstances we’re able to
     Swift Code (BIC): BOFSGB21238                       help ease the financial pressures of
     IBAN number: IBAN GB76 BOFS 1211 0306 0417 23       higher education by arranging manageable
     Reference: “please quote your name as reference”    finance plans.
                                                         We encourage all students to talk to us
     DIRECT DEBIT                                        first before compromising their education.
     You can also pay by Direct Debit, please contact    Contact us on +44 (0)20 7604 2465 or at
     us to arrange this on +44 (0)20 7604 2465           finance@icmp.ac.uk – we’re here to help.
     or by emailing finance@icmp.ac.uk.

     BY CHEQUE
     Please make your cheque payable to
     ‘ICMP Management Limited’ and write your
     full name on the back of the cheque.

10
Full terms and conditions of enrolment are available at        accreditation – and we decide to make you an offer, we’ll
icmp.ac.uk/terms-conditions.                                   notify you of any such changes before we make the offer
                                                               or, at the latest, at the time we make the offer.
Please note: Changes to information. This message
contains important information. Please read together with      The information contained in this brochure is provided
this brochure.                                                 solely for the purpose of assisting prospective students
                                                               to decide whether to study a course at the ICMP. It’s not
ICMP endeavours to ensure that the information contained
                                                               intended to be relied on for any other reason or by anyone
in this brochure is accurate at the date of publication.
                                                               other than the student or his/her parent or guardian where
However, some changes may become necessary for                 the student is under 18 at the time of application. The ICMP
staffing, financial, regulatory and/or academic reasons.       shall have no liability to anyone other than the student or
We may also withdraw or cancel courses due to lack of          his/her parent or guardian where the student is under 18
demand/student uptake. Our brochure contains a large           at the time of application for any loss or damage resulting
amount of information and it’s always possible that, despite   directly or indirectly from the information contained in this
our endeavours, there may be some errors, omissions            brochure.
or inaccuracies. If we discover such an error, omission
                                                               Use of this brochure is subject to the general terms
or inaccuracy, or if we need to make any changes for the
                                                               and conditions of use of ICMP’s website, available at
reasons mentioned above, we’ll notify you of such errors,
                                                               www.icmp.ac.uk.
omissions, inaccuracies or changes as soon as possible
via our website located at www.icmp.ac.uk. Where such          ICMP welcomes comments and suggestions on its
errors, omissions, inaccuracies or changes affect important    website and would also welcome reports of any
elements of the course – for example, changes to the           inaccuracies – to advise us of any, please email
course fees, content, structure, duration, awards and/or       enquiries@icmp.ac.uk
Registered name and address:

                                                     icmp.ac.uk
ICMP Management Ltd, 1B Dyne Road, London NW6 7XG.
Company registration number: 04780788
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