How is everything paid for? | University of Oxford
Affording University
Affording University

How is everything paid for?

Oxford is determined that all students who are offered a place to study here can afford to come. Very few costs are paid up front, and there is lots of financial support available for UK students, from the government, the University and a student’s college.

What will it cost?

Students have to pay two costs.

Course fees
This is what is paid for course teaching and facilities.

  • An Oxford degree costs the same as most UK universities.
  • The exact course fee depends on whether your child is a UK or international student.
  • At the moment, a UK student’s course fees are £9,250 a year, but charges for 2022-23 won’t be known until the autumn 2021. For more details, go to our fees pages.

Living costs
This includes food, rent and social activities.

  • These costs vary depending on a student’s lifestyle but in 2021, the estimated total living costs for a student at Oxford, including rent and food, is between £1,175 and £1,710 a month. For more details, go to living costs page.

How is it paid for?

All UK students can apply for and receive two different government loans.

Tuition fee loan
This covers the full amount of your child’s course fees and is paid termly directly to the University.

Maintenance loan
This goes towards living costs and is paid to your child at the start of each term.

  • How much your child receives will depend on the total amount earned each year by the adults living with them at home – this is known as household income.

How are loans repaid?
Students only begin to pay back these loans once they have a job and are earning over £26,575 a year (as of the 2020/21 tax year).

  • For example, a graduate earning £30,000 in 2020/21 could expect to pay back around £26 a month.
  • Any unpaid loans are cancelled after 30 years.

EU Students: The UK government has confirmed that EU, other EEA and Swiss nationals beginning their course in 2021/22 will no longer be eligible for ‘Home’ fee status. Check our dedicated EU pages for the latest information.

We really don’t want our students worrying about paying the bills, so Oxford offers one of the most generous financial support packages of any UK university. Around one in four UK students at Oxford currently receives a non-repayable bursary.

What funding is there?
Non-repayable funding is available to help UK students from lower-income households to cover their costs.

  • Crankstart Scholarships - A Crankstart Scholarship provides a non-repayable bursary of up to £5,000 per year towards study and living costs. It also gives access to funded internships to develop employment skills, as well as volunteering opportunities. Oxford’s Crankstart scholarships are available to all UK students studying for their first degree with a household income of £27,500 or less a year.
  • Oxford Bursary -UK students who are studying for their first degree, and with a household income of less than £42,875 a year, (who have not received a Crankstart Scholarship) are eligible for an annual non-repayable bursary to help with costs. The amount of this bursary will depend on household income but can be up to £3,200 per year.
  • Oxford-Arlan Hamilton & Earline Butler Sims Scholarship - UK residents of Black African or Black Caribbean heritage who are from disadvantaged backgrounds can apply for this non-repayable scholarship, which covers fees and living costs for one undergraduate student per year, for three years.
  • Care experienced or estranged students - If your child has ever been in care for more than three months, or is estranged from their family, we can offer them a non-repayable annual bursary of up to £3,000. If they are also in receipt of a Crankstart Scholarship, they can be eligible for a total maximum bursary of £7,200 each year.
  • Oxford travel supplement - If your child has a Crankstart Scholarship or Oxford Bursary and lives between 80 and 150 miles from Oxford, they will be given a non-repayable annual Oxford Travel Supplement of £200. If they live more than 150 miles from Oxford, they will receive £500.
  • Student Support Fund - This fund helps UK students who may require financial assistance in a range of circumstances. If your child has a gap in their finances or needs to meet additional exceptional costs once they have started their course, they will be able to apply for non-repayable supplementary funding.

How do colleges keep costs down?
Many colleges offer extra funding for things like research, equipment and study-related travel, as well as hardship funding for students who have significant or unexpected financial needs.

How does Oxford make their money stretch further?
  • With over 100 libraries housing over 13 million printed items around Oxford, students can almost always find the books and study resources they need without having to buy them.
  • Oxford colleges provide subsidised food and entertainment, so eating and having an active social life doesn’t need to cost much.
  • The University and colleges have their own sports facilities which are normally free or subsidised for students.
  • Your child will be offered a college room for at least two years of their course. This means they only need to pay rent during term time, which is normally only eight weeks long.