If you are normally resident in Wales, you will be eligible for the same funding package that you would benefit from if you attended a Welsh institution. Students from Wales will normally be eligible for a grant of £5,425 from the Welsh Government, which does not need to be paid back. The balance of £3,575 for tuition fees can be covered by taking out a tuition fee loan from the Student Loans Company, which will need to be paid back.
You can make an application for funding online through Student Finance Wales. You can apply online for your loan through Student Finance Wales. The deadline for applying is usually in April of the year you intend to begin studies, but it is your responsibility to check the Student Finance Wales website for any changes in deadlines. You don’t need to have applied for a course or received an offer in order to begin applying for funding – it’s best to apply early to avoid any disappointment.
You will begin repaying your loan once you have graduated and are earning a minimum of £21,000 a year before taxes. Loan repayments will be deducted from your salary, and will be written off after 30 years if not fully repaid by then. The table below will illustrate what your approximate repayments will be according to your salary:
|Your salary before taxes||Approximate monthly repayment|
Students wishing to receive means-tested support from Student Finance Wales can apply online for a Maintenance Loan or an Assembly Learning Grant. The total amount you will receive for your Maintenance Loan is affected by your income, and/or your parents or partner’s income. The maximum amount available to you in a Maintenance Loan is £5,150 . This loan will need to be paid back after you have finished your course.
If you wish to apply for an Assembly Learning Grant, the amount you receive is also dependent on your income, and/or that of your parents or partner. If your total annual household income is less than £18,370, you will be entitled to the full Assembly Learning Grant of £5,161. If your total annual household income is between £18,371 and £50,020, you will be entitled to a partial grant. If your total annual household income is over £50,020, you will not be entitled to the Assembly Learning Grant. Whatever aid you receive through this grant does not need to be paid back. Please note if you are receiving a Special Support Grant, you will not be entitled to receiving the Assembly Learning Grant
Support from the Royal Conservatoire of Scotland
In addition to any support you may receive from Student Finance Wales, the Royal Conservatoire has introduced additional scholarships for new Welsh students to partly offset the introduction of a higher level of tuition fee. We will use the residual household income figure as calculated by the Student Loans Company (SLC) when assessing scholarship entitlement. Depending on your residual household income you will be guaranteed to receive the following level of scholarship for each year of your degree programme if you are successful in taking up your offer of admissions to the Conservatoire. You will be able to use your scholarship to either contribute towards your tuition fee or towards your general living costs. Further details will be made available in due course.
|Residual Household Income||Royal Conservatoire Welsh Scholarship|
|Up to £25,000||£1,000|
|£25,001 to £30,000||£833.33|
|£30,001 to £35,000||£666.67|
Other sources of funding
The organisations featured below are just a small selection of those that might be able to provide you with some financial assistance.
Advanced Study Music Scholarships
Advanced Study Music Scholarships are to support advanced (postgraduate) music study for promising musicians from Wales or who have studied in Wales. The course of advanced study should take place in a recognised university, college or conservatoire, be full-time, last not less than one academic year and start during 2014. Welsh — Advanced-Study-Music-Scholarships-2014
The Elizabeth Evans Trust
The Trust provides financial assistance for the higher education of young people aged between 16 and 26 years wishing to pursue a professional career in any aspect of the performing arts and who are able to demonstrate a close association or connection to Wales. Priority will be given to applicants who can demonstrate a close association, or connection with Carmarthenshire. Further information is available at http://www.theelizabethevanstrust.co.uk/english/
South Square Trust
Applicants for music and drama courses can apply between 1st January and 30th April each year via www.southsquaretrust.org.uk/Default.aspx
Postgraduate musicians can apply to this fund for financial assistance towards specific projects. The foundation can award small grants towards costs for masterclasses, auditions, and entrance fees for competitions, for example. For more information go to www.soltifoundation.com/
The Sir Richard Stapley Educational Trust
The trust supports postgraduate students in all fields of study. In order to be eligible to apply for a grant, you must be over the age of 24 on 1 October of the proposed year of study and already resident in the UK at the time of application, and resident in the UK during the course of study. If you are applying for a place on a postgraduate degree course, you must hold a first- or second-class honours degree from a UK institution (or its equivalent from a non-UK institution) or hold a Masters degree from a UK institution. Further information can be found via http://www.stapleytrust.org/wp/applications/
The Sue and Freddy Walding Bursary
The British Horn Society administers this fund, which was set up to help promising young UK horn players under the age of 18, who are unable fully to develop their horn playing because of acute financial constraints. The closing date each year is 30 April. Full details can be obtained via the BHS website. www.british-horn.org
Royal Masonic Trust for Girls and Boys: ‘Talent Aid’
TalentAid helps to support children and young people who are exceptionally gifted in music, sport or the performing arts. Applicants must have a parent or grandparent who is a Freemason. For further information go to http://www.rmtgb.org/index.php/ourwork/talentaid
British Federation of Women Graduates
This foundation aims to help women graduates (UK and overseas) who are studying in the UK by offering grants to help with living costs. They offer a small number of awards including emergency grants. These are one off payments intended to help cover an unexpected financial crisis affecting the completion of an academic year’s work. Applicants must show that they had made realistic provision for their year’s study but now face an unforeseeable financial crisis. No grant is likely to exceed £1000. Further information is available at www.ffwg.org.uk