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Fees and Funding

Frequently Asked Questions

Click on the links below for answers to the questions.

Can the instalment plan application and documents be sent by fax or email?

Yes – it can be faxed to 020 7937 9978 marked for the attention of ‘Sonal Bakshi’.  In the case of emailing, a signed copy of the instalment plan must be sent therefore please scan and email to registration@rcm.ac.uk

Have I got an instalment plan already from last year?

No – previous instalment plans are not valid and only relate to the academic year previously applied for. If you would like to pay your fees this year in instalments, you must apply again.

Please specify what it means by instalments. How many instalments are given?

Instalment plans are typically granted to allow three payments of equal value. These payments must be made at the start of each term for all students, i.e. instalment 1 must be paid on or before Registration Day, instalment 2 in January and instalment 3 in April. However, if you would like to pay in two instalments, this is permitted and you will be required to pay the first instalment on Registration Day and the second instalment in January.

 

Are more instalments available?

Instalments are usually split into three equal parts to be paid termly. However, if you require more instalments, please apply in writing along with your instalment plan application form detailing sufficient reasons. Granting of more instalments requires the Manager’s approval and will only be considered in special circumstances.  Please note that there is no guarantee that you will be granted a special instalment plan. Please note that more instalments will only be considered for postgraduates.

If my parents will be paying on my behalf, what does the Letter from Parents need to state? Do you require any other documents along with this?

If your parents will be paying for or part of your fees, the letter needs to state that they act as guarantors for your fees for the amount that they will be paying and they agree to pay the instalments by or on the dates as per your instalment plan. If your parents will be paying the fees in full, it is not necessary to provide any other documents. However, if they are paying for part of the fees, you must provide documentation as to how the remainder of the fees will be paid.

My parents will be supporting me on a monthly basis. On the projected income page on the instalment plan application, do I need to include all living expenses and spending money that my parents will be providing me with?

If your parents are paying for your fees and College Hall Rent (if you will be staying there) as well as supporting you on a monthly basis, it is not necessary to specify the maintenance money provided to you. However, if your parents will be supporting you in order for YOU to be able to pay off your fees as opposed to them paying the College directly, then you are required to include a breakdown of your income on your application form.

On the application form where you have asked for the vacation contact details, does this refer to my address during my time at the College?

No – this applies to your permanent address. However, please note that you should inform the Registry of both your permanent address and term time address. If you are an international student and do not have a UK mobile number as yet, please inform the Registry of your number as soon as you have one.

I don’t think I will be able to get my application to you on time. What do I do?

If you think your application will not reach the College on time, please arrange to either have the application and relating documents scanned and emailed to registration@rcm.ac.uk or faxed to 020 7937 9978.

I have not yet sent my application for an instalment plan and the deadline has now passed. Will I still be eligible for an instalment plan?

You can still send in your application which may be considered. Please be advised that your application will take longer to be processed hence delaying your Registration process. You may be required to book an appointment with the Finance Office to finalise your instalment plan after Registration Day is out of the way.

Has my instalment plan been approved?

We will inform you whether your instalment plan has been approved or rejected or whether further information is required, if you have returned the notification card sent to you as part of the registration pack. You should have written your name and address on the front of the card and attached sufficient postage from theUKto your address inUKstamps. Without completion of these things, your notification card will not be sent to you.

Do I need to wait for a reply from you regarding approval of my instalment plan before I make payment?

No – you may go ahead and make payment of the first instalment. Cheques can be posted with the application form. You will be notified prior to Registration Day whether your instalment plan has been approved or not allowing you enough time to make other arrangements if necessary.

Is it possible that my instalment plan is not granted and I will be required to pay the full amount?

Yes – this is possible. However, this applies more to those who are continuing students. Granting of instalment plans depends on your previous payment history. If you have had a poor payment history during previous years, it is likely that your instalment plan will be rejected; therefore you should be prepared to make alternative arrangements.

What payment methods are available for paying my fees?

Payments can be made by cheque, debit or credit card, cash or bank transfer. Cheques should be made payable to the ‘Royal College of Music’ and may be post dated to 14 September 2009. Payments can be made on or before Registration Day by debit or credit card. We regret that the RCM cannot accept payment by American Express or Diners Club. You may also pay by bank transfer. The College’s details are below.  

Please note that it can take up to 5 working days for payments to reach the College’s bank account, and payment must be received by the College prior to Registration Day. If making a payment by bank transfer, you must cover the cost of any bank charges levied. If your payment involves a currency change, you must also ensure your payment covers any foreign currency transaction charge applicable. Please ensure that you quote your name or account number as a reference on the transfer to enable the College to identify who the payment is from. If you do not do this, we will assume that you have not yet paid and will ask you to provide confirmation.

Bank Royal Bank of Scotland
Address: 62 – 63 Threadneedle Street,LONDON,EC2R 8LA
Account Name: RCM General Account
Sort Code: 15-10-00
Account Number: 21543414
SWIFT Code: RBOS GB 2L
IBAN: GB 24 RBOS 151000 21543414

What happens on Registration Day with regard to payment?

Once you have picked up your Registration form, you will need to present it to the Finance Desk for approval before you can complete the rest of the steps to full enrolment. 

If you have applied for an instalment plan, you will be required to sign your plan and pay the first instalment if it has not been paid in advance of the day. 

For those of you who do not hold an approved instalment plan, you will be required to pay your fees in full in order to be fully registered. 

For continuing students, if you have any pending debts to the College relating to previous years, you will be required to clear these as well as your fees for the new academic year in full or the first instalment to be registered at all. 

For those of you whose fees are covered in full by a sponsor and/or the SLC, you will need to see someone at the cashier’s desk for your form to be signed.

Is payment required before Registration day?

If you are paying via bank transfer, payments must be sent one week in advance of Registration Day in order for the College to receive your payment prior to your arrival. If you are paying by card or cash, then you may do on Registration Day itself.  Payments by cheque can either be stapled and sent with your instalment plan application form in advance or handed to us on Registration Day.

What do I do if I am not arriving in London till after Registration Day?

If you will not be present on Registration Day, please ensure that you have advised the Registry Department of this. In terms of payment, if you would like to apply for an instalment plan, please do so by the deadline. Payment can be made in advance or on the day you arrive inLondon. Please note that until payment of your fees (in full) or your first instalment has been made, you will not be able to commence your Principal Study Lessons.

I have already paid my fees in advance. Why have I been sent an invoice?

Invoices are sent out with the induction packs to ALL students prior to the start of the term. This pack contains other important information regarding the Registration process which you must read. The College is aware of any money sent in advance and this will be accounted for automatically.

If I have already made payment via a bank transfer, am I required to do anything else?

Yes – please bring proof/confirmation of your bank transfer with you on Registration Day. Your bank will be able to provide you with a receipt. Printed confirmation from the internet is also acceptable.

I have already paid my fees in advance or sent payment for my first instalment. Can I have a receipt?

If you need a receipt for tax purposes urgently, then please contact Sonal Bakshi on registration@rcm.ac.uk stating an address to which you would like the receipt sent. If you require a receipt for your personal records, then we would greatly appreciate if you could wait till Registration Day since the run up to Registration is a very busy time for Finance.

What do I need to do if I am funded by the AHRC?

If you are funded by the AHRC, you need not do anything. Please either send in your AHRC confirmation in advance or bring a copy along with you on Registration Day for our records.

What if my fees are being covered by the Student Loan Company?

If your tuition fees are covered by the Student Loan Company in full, then you do not need to apply for an instalment plan.  Please fill in the form titled ‘Payment of Tuition Fees and RCM College Hall Rent’ and return to the Finance Office with a copy of your SLC confirmation attached. This must be sent in advance of Registration Day or in the case of late applications bring a photocopy with you to give to the Finance desk on Registration Day. However, if you are staying at College Hall, then you can either pay the rent in full or apply for an instalment plan for this part of your invoice.

 

What do I do if my Student Loan application is pending?

If you are NOT staying at College Hall, then you simply need to provide proof of your application or a document from the Student Loan Company stating that your application has been received and is being processed. You will also be required to sign and date this document to state that you agree to pay the full amount of your tuition fee if your application is not successful. 

If you ARE going to be staying at College Hall, then you need to provide the above as well as make arrangements to pay your College Hall Rent whether you will be paying in full or via instalments.

What if my fees are partly being covered by a Student Loan (SLC or SAAS) and the remainder is to be paid through a Career Development Loan? What if one or both of the applications is still pending confirmation? Is this going to cause problems?

This should not be a problem provided that you can provide proof of your funding and present them by or on Registration Day.  You must provide a copy of your confirmation or proof that your application is still in the process of being considered. You must also sign a copy of the document to state that you agree to pay the balance of the fees if your application is not successful.

If my fees are being covered by a sponsor/foundation/trust, can payment be made to the college directly?

It’s perfectly fine for your sponsor to pay the College directly either by cheque or via bank transfer. However, please ask them to reference your name to enable the College to identify who the payment is for. If your sponsor does not cover the full cost of your fees, you will be required to pay the difference on Registration Day or have arranged an instalment plan and paid the first instalment in order to be fully registered. 

Furthermore, you will be required to provide proof that your fees are being paid by a sponsor (a letter, email or any correspondence with the sponsor is acceptable) – without this you will not be registered. The above also applies in cases where your sponsor is contributing towards your fees or paying only a part of it.

If my fees are being paid to the College directly by a sponsor/foundation/trust, can payment be sent in a different currency?

Yes this is possible; however we would be able to tell you the equivalent in pounds sterling only after the money has cleared in the College’s bank account. You will be required to pay the difference or any shortfall on Registration Day or have arranged an instalment plan and paid the first instalment to be fully registered. 

Where possible, we advise that your sponsor pays the College a week in advance of Registration Day and references your name with the payment. For the College’s records, we require written confirmation that your sponsor will be paying your fees (a letter, email or any correspondence with the sponsor is acceptable) – without this you will not be registered. The above also applies in cases where your sponsor is contributing towards your fees or paying only a part of it.

I will be paying in a different currency. I would like to know what the equivalent amount will be.

We can not specify the equivalent amount in a foreign currency since the exchange rate varies from day to day. The rate offered by your bank may not be the same as the rate offered by the College’s bank. 

We suggest that you check with your bank before arranging payment. If there is a shortfall in your payment, you can top this up on Registration Day. If you pay more than required, then the overpayment can either be carried over to your second instalment (thus reducing your second instalment amount) if you will be paying in instalments or refunded to you if you are paying the invoice in full.

Why are there three slots for payment on the Credit/Debit Card Payment Form?

If you wish that subsequent payments, i.e. your second and third instalments are taken automatically as they fall due, then you must fill in all three slots on the form. This means that you will not be required to visit or call the Finance Office every term.  In the instance that payment is unsuccessful; you will be contacted at the time. If you wish for payments to be taken in this way, then please ensure that your card is valid for at least a year or provide alternative details for subsequent instalments if your card will expire either before January or April.

I have been awarded an RCM Scholarship.Why has this not appeared as a deduction on my invoice?

If you have been granted an RCM Scholarship, please refer to the separate RCM Scholarship letter which details the options available to you. For Home and EU undergraduates, a response to this the letter is required by the instalment plan application deadline. You may choose how you wish your scholarship to be distributed. If you choose to apply the scholarship to either your fees or College Hall, you will still be required to pay in full, or set up an Instalment plan, for the remainder of your invoice.

I have been awarded an RCM Scholarship. Does this count as or part of my first instalment?

No – all scholarships and awards including fees paid by sponsors to the College directly are deducted from the invoice total before the balance is split into 3 equal parts. The balance remaining after all deductions is the amount payable by yourself.

I have been granted an award from the Henry Wood Trust. Why has this not appeared on my invoice?

Henry Wood Awards are not shown on the invoice. However, this will be applied to your College Hall Rent and you will be required to pay the balance after deduction of this award. If you are paying in instalments, please be advised that the award does NOT act as part of your first instalment. The award must be deducted from your invoice total before the balance is split into 3 equal parts. When applying for an instalment plan, please ensure you put a note on the application to state that you have been awarded this grant.

I have already paid £175 towards my College Hall Rent in advance? Should I deduct this amount from the total?

No – the payment of £175 paid in advance is a deposit to secure your room at College Hall. This deposit can not be deducted from your College Hall Rent and does not act as part payment towards your invoice. The deposit will be returned to you at the end of the academic year subject to the terms and conditions of your rental agreement.

I have been invoiced the wrong amount.

If you feel you have been invoiced the wrong amount, please contact the Registry Department first if this relates to your tuition fees or scholarship (if you have been granted one). However, if you have a query with regard to the amount you have been charged for College Hall (if you will be staying there) or your College Hall Rent has not appeared on your invoice, please contact the Finance Office on registration@rcm.ac.uk or 020 7591 4306.

What is my account reference and invoice number?

These can be found on your invoice. Please refer to this and quote on all payments made to the College in addition to your name.

I would like to open a bank account in the UK and require a letter from the College. Can this be sent to me?

Please contact the Registry Department regarding this matter.