LIPA offers 20 full-time BA (Hons) degrees in a range of fields across the performing arts, as well as three Foundation Certificate programmes of study in acting and popular music.

LIPA offers full-time, one-year master's-level degree courses in Acting and Costume Design and Making.

As a performing arts HEI, LIPA is attended by the highest number of international students in the UK.

In March 2012, LIPA announced that it had purchased the former building of the Liverpool College of Art for £3.7 million, to expand its teaching accommodation.

Prospective companions often visit LIPA to give masterclasses to students, or to participate in question and answer sessions.