Fees & Funding
The MTA has actively decided against applying for any form of accreditation, or indeed offering any formal qualification, as we feel that our independence from any umbrella organisation or academic governing body gives us far more flexibility to offer a constantly evolving course – which is 100% truly vocational. If you’d like to read more about this decision please click here where the Principal has written a blog about the subject. Our students are therefore not eligible for DaDa awards. Under exceptional circumstances The MTA might offer a student a part scholarship towards their fees. Students accepted onto the course will be eligible to apply for a Professional and Career Development Loan.
‘Professional and Career Development Loans are commercial bank loans that can be used to help pay for work related learning. You can borrow between £300 and £10,000 to help support the cost of up to two years of learning (or three years if it includes one year’s relevant unpaid practical work).
The Government will pay the interest on the loan while you are learning and for one month afterwards. You will then need to start repaying the loan as you would any other commercial loans product. The loan can be used to pay course fees or other costs such as travel and living expenses. You can also use the loan to supplement other forms of support such as grants or bursaries.As the Professional and Career Development Loan is a commercial loan product, you should make sure you have investigated all the funding options that may be open to you to ensure you take an informed decision about whether the Loan is right for you.For further information on financial assistance to support your learning, visit www.direct.gov.uk/adultlearning or contact Next Step on 0800 100 900.Our learning provider registration number is: 20688
The MTA has been designed from the outset to keep student fees accessible – by accelerating the course we have successfully managed to reduce the fees by up to a third of our main competitors (with the added bonus of only having to fund two years of student living expenses on top).
The MTA is completely funded by our students’ fees. Students are required to find the full course fees themselves – plus support themselves living in London. Apart from a PCDL loan, there is no other funding available.
The MTA has never been a college for the privileged few – it was formed with the sole intention of being an ethical college designed to train people who want to make a career in Musical Theatre performance. In line with our ethical policy we don’t charge overseas students a higher rate to study with us – it doesn’t cost us anymore to train them!
We never want to turn down a successful applicant purely on the grounds of finances. We are seeking to provide a series of 25% scholarships for students unable to fund their entire course. It should be noted that no assistance will be given until the student is in their 2nd year – by which time we would really know the student; seen how they are trying to fund the course, and know more about their personal situation and lifestyle. The student will have tried to raise the finances elsewhere e.g. applied for grants etc. We would also expect the student to have applied for and received other revenue sources first.
We are aiming for a day where we have the resources and backers in place to facilitate a large percentage of our students being able to utilise scholarships.