For details about tuition fees for full-time courses please see Course Fees.
London Studio Centre is delighted to confirm that it continues to have been successfully awarded Specific Course designation for the 2017/18 academic year (new and continuing students). Courses at alternative providers (including London Studio Centre) are designated each year by the Department for Education. Please visit http://www.hefce.ac.uk/reg/desig/cdforstudents/ for more information.
Year One - Teaching Excellence Framework (TEF)
In addition, LSC has been confirmed as an eligible provider for TEF Year One. As such it is eligible to increase the maximum fee loan in line with forecast inflation (2.8%) for the academic year 2017/18. Therefore the Tuition Fee Loan available to new and continuing students will rise from £6,000 to £6,165 this September. For further details see: http://www.gov.uk/government/publications/teaching-excellence-framework-year-1-list-of-eligible-providers
New EU Students:
Minister for State for Universities and Science, Jo Johnson has confirmed EU nationals who intend to begin studying from 2017/18 will continue to be eligible for student support for the duration of their study. For further information please see this link: http://www.slc.co.uk/media/latest-news/eu-nationals-and-student-finance-in-england.aspx
2016/17 - Changes to maintenance grants and loans
New full-time students beginning their studies in 2016/17 will be eligible for an increased maintenance loan, which will replace the non-repayable maintenance grant which has been discontinued by Government. Continuing students, will remain eligible to receive the maintenance grant until they complete their studies.
The following list sets out the support available to different groups of students (click on each one to show/hide information):
The Student contribution towards fees for new students in 2016/17 is £6,000.
(Student contribution is defined as the maximum amount available to receive as a tuition fee loan from the Student Loans Company; therefore the course fee may be higher)
UK/EU students are able to apply for a Student Tuition Fee Loan to cover the cost of all or part of the fees. Tuition fee loans are paid directly to the college on the student's behalf in three instalments in October (1/4), February (1/4) and May (1/2).
A student will only start repaying the loan from the following April after leaving their course if they are earning above the relevant threshold; the repayments are calculated as 9% of the income above the monthly threshold (dependant on the year a student started their course) so that repayments rise and fall directly in-line with income. Therefore the amount of time it takes to repay the loan depends on a person’s income after graduation and the total amount borrowed.
For students who began their course after September 2012 they will be under the 'Income Contingent Repayment Plan 2' where the repayment threshold is £21,000 per annum (£1,750 per month or £403 per week). Therefore if you were earning £30,000 your monthly student loan repayment would be £67 ((30,000-21,000=9,000 ; 9% of 9,000 = 810 ; 810/12=67.5 - round down).
Repayments are collected directly from a PAYE salary or via self-assessment for the self-employed. Alternatively, voluntary payments may be made by a person earning under the threshold or before the start date for repayment. Interest on the loan is charged from the time of the first payment until your loan is paid back in full. Different levels of interest apply depending on the year the course commences. For more information please go to the student loans company website.
The Student Maintenance Loan is aimed at helping with living costs; which enables students to support themselves whilst studying and attracts a very low interest rate. For new students in September 2016, Maintenance Loans will increase to include a means tested element which will replace Maintenance Grants. If parental income is £25,000 or less, the student will receive the highest loan.
Maintenance loans are paid directly into the student’s bank account at the start of each term. The amount available to a student depends on a number of factors; family income, where the student lives, where they will be studying and what maintenance grants for which they are eligible. For more information about loan amounts and to access the student finance calculator, click here.
The maximum amount for a student living away from home in London in September 2016 is £10,702.
Like the Tuition Fee Loan, repayments start the April after leaving LSC and then only if the student is earning the required threshold.
This Scholarship was introduced to support students from lower-income backgrounds with their tuition fees at London Studio Centre. It will be awarded to eligible students and directly allocated towards their tuition fee account.
The Tuition Fee scholarship works on a sliding scale with the maximum amount of £3,000 being awarded to students. Those students receiving the full maintenance loan from Student Finance will be awarded a £3,000 Tuition Fee Scholarship which will be deducted directly from the student’s tuition fee account.
In order to apply for the London Studio Centre Tuition Fee Scholarship, students must present their University Payment Advice form from the Student Loans Company (SLC) to the Registrar as soon as possible; the amount of Scholarship will then be calculated, the amount will be credited towards the students tuition fee account and the student will then be notified in writing the amount they will be awarded. Only those students who present the necessary documentation showing they are recipients of a maintenance grant will receive a London Studio Centre Tuition Fee Scholarship.
LSC is proud that income generated through performances and other ventures enables the college to provide a Widening Participation Fund for its students. This fund awards tuition fee bursaries to students from under-represented areas that require additional financial support.
London Studio Centre is proud to be part of The Wall Trust's Scholarship Scheme. Scholarships are awarded to exceptionally talented students of the performing arts on the recommendation of the college. The Wall Trust audition normally takes place in the autumn term after students have already begun their course; students are nominated based on talent and it is decided through a formal audition with members of the Trust.
See the relevant link below for further detailed information about what is available for you:
Student Finance England - www.gov.uk/student-finance
SAAS (Student Awards Agency for Scotland) - www.saas.gov.uk
Student Finance Wales - www.studentfinancewales.co.uk
Student Finance Northern Ireland - www.nidirect.gov.uk/student-finance
Student Finance Services
Any queries regarding Student Finance at London Studio Centre please contact Stephanie Ahern, Registrar.