Finance & Living Costs

Most students will be able to take out a tuition fee loan to cover the cost of the course fees, which you only start paying back when you earn more than £21,000 a year. The monthly repayments are a small percentage of your income, so will be affordable.

Some of your living expenses may be funded by a student maintenance grant. If you have previously received funding to study at HE Level 4 or 5 then you will not be eligible for student finance, but may qualify for a career development loan. Full information can be found at www.direct.gov.uk/studentfinance.

 

Cost of living

On top of your tuition fees, you’ll have to budget for accommodation and living costs, such as food, bills and entertainment. Most of our students live in Wakefield, where the cost of renting accommodation is low in comparison to other cities, particularly in comparison to London and the South. It also compares favourably for things like food and entertainment.

We asked two of our graduates to add up their yearly expenditure whilst studying at Backstage Academy, one of whom lived at home for the duration and one of whom rented accommodation, this is what they said to expect:

Living at home with parents (Monthly outgoings 2012/2013)

  • Rent (inc bills and food) £200 (£2,400 a year)
  • Phone £32 (£384 a year)
  • Phone insurance £4.99 (£59.88 a year)
  • Eating out £50 (£600 a year)
  • Social activities £120 (£1,440 a year)
  • Travel £25 (£300 a year)
  • Other £40 (£480 a year)

Total per month £471.99

Total per year £5,663.88

 

Renting accommodation  (Monthly outgoings 2012/2013)

  • Rent (inc bills and food) £346 (£4,152 a year)
  • Phone £32 (£384 a year)
  • Phone insurance £4.99 (£59.88 a year)
  • Eating out £196 (£2,352 a year)
  • Social activities £43 (£516 a year)
  • Travel £92 (£1,104 a year)
  • Household goods £25 (£300 a year)
  • Other £25 (£300 a year)

Total per month £763.99

Total per year £9,167.88
Many of our students supplement their income by doing the odd bit of freelance work in the events industry in support of their studies and – depending on your level of commitment and hard work – we may offer opportunities via Backstage Academy Crew.