Managing Your Finances | The Royal Central School of Speech and Drama

Managing Your Finances

The Student Advice Service is available to help students with funding, managing money and budgeting.

Managing Your Finances

Studying at University can be a big investment and managing your finances as a student in London can seem daunting. Our Student Advice Service team can provide financial advice and support to students throughout their studies. This might include guidance with budgeting or Student Finance advice, banking, Crisis Loans or Hardship Fund applications.

Scholarships and Bursaries

To find out about funding, scholarships, bursaries and awards available to Central students, visit the Scholarships section.

Student Loans

Home and EU students beginning their first undergraduate courses can obtain comprehensive information on student finance and support from the Government Student Finance website.

Applications for Student finance for the academic year 2019/20 open at the following times:

UK full-time students – February/March 2019

EU full-time students –  Spring 2019

It is important to ensure you qualify for Student Finance before you apply.

Guide to Living Costs in London

Below is an estimated guide of what a Student should expect to pay per week in London 

£150 Accommodation*
£10 Gas/Electricity / Water Bills*
£25 Food
£2.50 Contents Insurance*
£1 TV License
£30 Entertainment
£30 Travel
£5 Books/Equipment
£10 Home Broadband*/ Phone Bill
£15 Other Costs: e.g. toiletries, clothes, laundry, photocopying, printing 

Approximately: £278.50 per week

*based on three people sharing

It’s worth noting that the type of accommodation can change this guide. For example, Halls of Residence may cost approximately £200 per week (depending on location and room type, it can be more than this)

There are other related course costs depending on the subject you are studying. For more infomation, please see our additional course costs information where you will find downloadable PDFs you can use for further guidance. 

Useful Resources

Please note that these links are provided for guidance only and do not constitute an endorsement of any kind by Central.


Student Advice Service

+44 (0)20 7559 3900