Whether you are planning to study as an undergraduate or postgraduate student at the Royal College of Music, you should consider how you will finance your studies.
Studying at a world-class conservatoire can be expensive. Our most talented students have all their fees covered by scholarships and almost half of RCM students receive some financial support from us. Additional sources of funding are available too.
European Union referendum
Following the outcome of the EU referendum, the Royal College of Music will continue to provide updates for current and prospective EU students and those studying on the Erasmus scheme.
Latest news for EU students
A full outline of tuition fees for all our courses, including details of charges for additional one-to-one lessons and reassessment fees, is available for download below. The fees for 2018/19 will be published here in autumn 2018.
Tuition fees for Home and EU undergraduate students on the Bachelor of Music (BMus) course are set by the UK Government each year.
All tuition fees for other courses are revised annually for UK, EU and Overseas students. The increase is normally between 2% and 5%. Please check this page periodically for the latest information.
Paying your fees
The RCM accepts fee payments in full or in regular instalments. We accept multiple methods of payment.
- Debit card: in full or in three equal instalments (instalments only available via online payment).
- Credit card: in full or in two equal instalments (instalments only available via online payment).
- PayPal: in full only.
- Bank transfer: in full only
- Cheque: in full only
Payment by instalment can only be set up through the RCM online payment system. You will need a valid debit or credit card to make payment online.
Tuition and related fees should be paid by the first day of term, either in full or as the first part of an instalment plan.
If you accept the offer of a place to study at the RCM, you will receive fully detailed information about how to pay your tuition fees in August.
We cannot say exactly how much money students need while studying at the RCM. Different students have different needs, preferences and live different lifestyles.
We estimate that most RCM students will need to budget for around £12,000 per year in living costs. Some students need more than this.
Indicative living costs
Students on Tier 4 visas
Please note, non-EU students who require a Tier 4 visa to study in the UK must show they have sufficient funds to support themselves. If you are a Tier 4 applicant you need to have at least £1,265 per month (£11,385 per academic year) available for living expenses and be able to demonstrate this as part of the visa application process.
We advise all international applicants to budget for additional expenses such as overseas travel. This is particularly useful for getting home in an emergency.
Buying & maintaining instruments
Many RCM students have and maintain their own instruments. We remind all such applicants to include the cost of maintaining their instruments in their budget calculations.
The RCM has a valuable collection of instruments (mainly stringed) available for students. Use of these instruments will be prioritised for students who cannot afford a quality instrument of their own.
The RCM, through its alumni association, also has a fund to make interest-free financial loans to assist students and recent graduates to buy their own instruments.
RCM scholarships & awards
The RCM is able to support many students with scholarships thanks to the generosity of charitable trusts, companies, businesses, individual members of the public and legacies.
Any student who auditions in person for a place at the RCM will automatically be considered for a scholarship or study award. Composers who audition by video interview will also be considered.
There is no separate application process.
Scholarships are awarded purely on merit based on performance at audition or the strength of portfolio and interview for composers. Unfortunately, the following applicants cannot be considered for scholarships or study awards:
- Performers who audition by recording.
- Applicants for the Bachelor of Science in Physics and Music Performance.
- Applicants for the Master of Science in Performance Science.
- Applicants for any of our Experience Programmes.
If you are offered a scholarship or study award you will receive a letter confirming this and the conditions of your award.
Find out more
Loans & other funding
UK and EU students on the Bachelor of Music (BMus) programme may be eligible for the following funding support from the UK Government through the Student Loans Company (SLC). The UK Government has also introduced a postgraduate student loan scheme.
The European Union offers affordable postgraduate student loans for study at Masters level, to promote increased mobility for study in Europe.
Citizens of the United States of America may be eligible for funding through US Stafford Federal Loans or Marshall Scholarships.
In addition, there are other external funding bodies that may be able to assist students with tuition fees or maintenance support.
UK & EU student loans
Funding for EU Masters students
Funding for students from the USA
Other sources of funding