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