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.
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.
Tuition fees are revised annually for Home and Overseas students. The increase is normally between 2% and 5% and is applied annually to each year of the programme. Please check this page periodically for the latest information.
Tuition fees for Home students on the BMus programme are aligned with the maximum tuition fee cap set by the UK government.
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 three 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 at least £12,500 per year in living costs. Many students will need more than this.
Please note, non-UK students who require a Student visa to study in the UK must show they have sufficient funds to support themselves. If you are a Student visa applicant you need to have at least £1,334 per month (£12,006 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 Musicians' Grant Fund is available to final year musicians who are seeking financial assistance towards the purchase of musical instruments and/or equipment. Funds awarded will be grants, not loans.
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.
Every student who applies for a place on one of the RCM's performance or composition courses commencing in 2023 and 2024 will be considered for scholarship, whether you attend an audition or interview in person or submit a video audition.
There is no separate application process.
Eligibility for scholarships is based on merit, which is determined by performance at audition (or by submission of video) or the strength of portfolio and interview for composers.
Unfortunately, the following applicants cannot be considered for scholarships or study awards:
- Applicants for the Master of Science in Performance Science
- Applicants for the Master of Education
If you are offered a scholarship or study award you will receive a letter by email notifying you of this and the conditions of your award.
Find out more about scholarships and awards
Loans & other funding
UK students, EU students with protected rights through the EU Settlement Scheme (i.e. who have Settled or Pre-settled status) and EU students who commenced their studies before 1 January 2021, may be eligible for funding support from the UK Government through the Student Loans Company (SLC).
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 student loans
Funding for students from the USA
Other sources of funding