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Tata Capital > Blog > Loan for Education > Education Loan for BPA

Loan for Education

Education Loan for BPA

Education Loan for BPA

Imagine stepping into a world where your passions come alive, and every performance feels like a dream come true. A Bachelor of Performing Arts is your ticket to this magical journey.  Whether you dream of mesmerising audiences with your dance moves, commanding attention with your theatrical presence, or enchanting with your musical prowess, this course sets the stage for a flourishing career in the performing arts.

Learn how an education loan can help finance your performing arts dreams.

What is a Bachelor of Performing Arts?

A Bachelor of Performing Arts is a three to four-year undergraduate program that focuses on three main areas: music, dance, and theatre. It’s designed for students who want to develop their talents and skills in these performing arts fields. The course helps students blend their creativity with business know-how and a passion for the arts, preparing them to excel as artists in dance, theatre, or music.

Eligibility Criteria for BPA Course:

1. Educational Qualification: You must have completed higher secondary education (12th grade) from a recognised board.

2. Minimum Marks: For some colleges, that may have minimal percentages that you need to receive on your 12th grade examinations. So it’s important that you check specific college requirements.

3. Entrance Exam: You need to appear for exams like SET, CUET,  PUBDET, etc

4. Audition/Portfolio: Some programs might require you to audition or submit a portfolio showcasing your skills in music, dance, or theatre.

5. Age Limit: There is generally no strict age limit, but some institutions might have specific age criteria.

Opportunities after BPA

After completing a BPA, there are several exciting job opportunities available. You can work in various fields related to music, dance, and theatre. Some popular job roles include:

1. Dancer

2. Musician

3. Theatre Director

4. Choreographer

5. Actor

Salaries for these roles generally range between INR 3.6 lakh and INR 10.5 lakh, depending on your experience and the type of organisation you work for.

Cost of Pursuing BPA

The cost of a Bachelor of Performing Arts (BPA) course in India varies quite a bit, ranging from around INR 6,000 to INR 9 lakh. The fee depends on the specialisation and the college or university you choose.

It is important to also consider some other costs apart from fees for pursuing a BPA, here are few list to keep in mind:

1. Accommodation

2. Monthly expenditure on food

3. Study materials, costumes, instruments etc

4. Transportation

5. Workshops, performances and events

5. Other miscellaneous needs

Education Loan for BPA

For many students, taking an educational loan to complete their BPA can be a wise decision. Education loans for BPA are not only practical but beneficial ways to support your higher education while managing your finances effectively. They offer a range of advantages that make them a smart choice for funding education without straining your budget.

Benefits of an Education Loan for a Bachelor in Performing Arts

1. Tax Savings: You can save on taxes because the interest you pay on the loan is deductible. As a result, your taxable income will decrease.

2. Grace Period: You won’t need to start repaying the loan right away. There’s a grace period after the studies, giving you time to get a job and earn money.

3. Lower Interest Rates: Education loans usually have lower interest rates than other loans. This helps you save money over time.

5. Covers More Than Just Tuition: These loans cover your tuition fees, living expenses, hostel, books, and travel costs.

6. Refundable Deposits: Some loans can even cover refundable deposits you might need to pay when applying to universities.

8. Build Good Credit: The loan, when paid off responsibly, helps you build a good credit score, which is useful for future loans.

How to Apply for an Education Loan for a BPA Program?

To apply for an education loan for BPA, you can follow the steps given here:

1. Decide on a lender of your choice.

2. Keep the required documents ready.

3. Visit the lender’s website and access the loan application form.

4. Read the form carefully and fill out the form

5. Submit the loan application form.

Concluding thought

The BPA program not only helps you develop your artistic talents but also provides a strong understanding of the industry. You don’t need to use your savings for education. You can save your money for future needs and consider an education loan for a bachelor of performing arts degree.

Tata Capital provides education loans for Indian students with attractive interest rates, pre-admission sanctions, and zero margins. These versatile loans cover every necessary education expense so that you can devote yourself entirely to learning without worry.