College financial guarantee

The purpose of a financial guarantee is to ensure that both you, and the college accepting you, are confident that you are in a secure financial position to undertake study. A lack of funding during the course of your studies is likely to hinder your academic progress and cause you anxiety. Ultimately, if you are unable to pay fees, you may not be able to continue with your studies. This guarantee ensures you have given full consideration to the need to have sufficient funding to cover you for the duration of your course at Oxford.

University tuition fees, college fees and living costs

The Fees and living costs section of this website contains the most up-to-date lists of University tuition fees and college fees. You can also use our Fees, Funding & Scholarship Search to search for fees, living costs and funding for specific courses of study in 2013/14.

The University's minimum recommended rate for living expenses and an explanation of what living costs you will need to budget for can be found on our living costs page. There is also specific guidance on living costs for students supporting dependants.

Continuation charges

The standard period for which you will be liable to pay the University tuition fee and college fee is usually the same as the standard length of your programme. If a student completes the standard period of University fee liability and remains on course, the University will levy a continuation charge for all graduate students who have started a research programme from 2011-2012 onwards. Further information is available from the fee liability page. Colleges may also levy a continuation charge which will be detailed in the college offer letter.

Working while studying

Study at Oxford is very demanding. We would strongly advise against you relying on income from employment to fund your studies as this may have an adverse affect on your ability to complete your course to your full potential. If you do decide to undertake regular part-time employment, it is recommended that you consult your supervisor or college tutor beforehand. If you are an international student, you should check your UK visa to make sure you understand the limitations on working. Please note that projected earnings cannot form part of your financial guarantee.

Support for dependants

If you are coming to Oxford with dependants (partner/spouse/children etc.) it is your responsibility to ensure that you have enough funds to meet living costs for your whole family.  When you complete your financial guarantee, you will need to indicate whether you will be accompanied during your time in Oxford by adult dependant(s) and/or children.  You will  also have to confirm whether your partner or spouse will be able to work during your programme and, if not, how they will be supported financially.  Please note that the cost of living in the UK, particularly childcare costs, is very high.  There is further information on the living costs for dependants page.

Providing the guarantee

Your college will ask you to complete a College Financial Guarantee Form once you have been offered a place. You will need to list the source(s) of funding that you will be using to support your University tuition fees, college fees and living expenses for the duration of your course.

You should then return the form as instructed by your college. Satisfying any financial conditions set by your college is a necessary step for your University contract to be issued to you.

If you require a visa to study at Oxford, you can only apply once you have all met all the conditions in your University (University Admitting Body (UAB) or Department) offer letter, your college conditions, and your offer to study becomes unconditional. Submitting the College Financial Guarantee Form is an important part of the process of meeting your college conditions. Please note that the evidence you will need to supply for your visa application may be different from the financial information that you use to complete the College Financial Guarantee Form.

Supporting documentation

You will need to submit copies of documentation detailing any awards, scholarships or sponsorship that you will use to finance your fees/living expenses. Where you are supplying funds yourself or from your family/friends or a private sponsor, evidence will be needed to guarantee that funds are available. All supporting documentation should be provided in written English. Where an original is not available in English, both the foreign language document and a translated copy are required. Please convert all non-UK currency into GB pounds (£) using the exchange rate of the day you complete the College Financial Guarantee Form.

Scholarship or Award

An official communication is required from the award sponsor, confirming the specific amount of funding that will be provided and the duration it is to be provided for.

Self Funded / Family Funded / Private Sponsor

If a grant or loan is expected from parents or other persons, you should include a letter from them, accepting responsibility for meeting the stated costs and confirming the specific amount of funding being provided and the duration it is to be provided for.

This letter should be accompanied by supporting evidence, from a professional adviser, such as a bank manager, accountant, or lawyer, showing that sufficient funds are available and vouching for the ability and willingness to pay of the person giving the undertaking.

In exceptional circumstances where a statement from a professional adviser cannot be obtained, copies of bank statements showing a consistent level of available funding may be accepted at the college's discretion.

If you are self-financing, you should arrange for similar statements and evidence to be sent.

University Employee Support

A letter from the Head of Department confirming the level of support provided by the department. If the employment contract is shorter than the anticipated course length the letter must confirm that the department will cover fees at the stipulated level if the contract is not renewed. If departmental funding does not cover the whole period of fee liability, other funding must be shown to be available to cover any shortfall for the full duration of the course.

If you are receiving support through the Staff Learning Scheme, a copy of the award letter should be provided.

Note: If your funding is coming from multiple sources, you must provide relevant evidence for each source.

Continuing Students

If you are a current Oxford student who has been accepted onto a new course of study, you will be asked to complete a new College Financial Guarantee Form and will not be covered automatically by any previous guarantee.