Purpose of the Financial Declaration
If you receive an offer of a place your college will require you to complete a Financial Declaration form in order to meet your financial condition of admission. The Financial Declaration aims to ensure that you are fully aware of the expected fees and living costs associated with your chosen course of study at Oxford. It is your opportunity to consider the financial commitment you are entering into and to take full responsibility for it by ensuring that you carefully review the form and the accompanying guidance notes which support this. If you cannot pay your fees and living costs, you will not normally be able to continue your studies.
When you complete your Financial Declaration, you will be asked to:
- Give your assurance that you are able and willing to meet your course fees and living costs for the duration of your course;
- If you are a student with an Overseas fee status (or a Home student with more than one year’s previous undergraduate study) you must show that you have sufficient funding to cover the course fees for Year 1 of your course by providing financial evidence. Full details will be contained in the guidance notes accompanying the Financial Declaration form.
Information about fees and living costs
Information about fees and living costs is provided on the University’s Fees and Funding website. The website gives likely living costs for study at Oxford, explains what living costs you will need to budget for and helps you consider other costs (e.g. cost of dependants, set-up costs).
Submitting the Financial Declaration
Your college will ask you to complete a Financial Declaration form once you have been offered a place. You should return the form to the point of contact listed on the form and by the deadline that is given. This is a necessary step in order for your University contract to be issued to you.
Supporting evidence as set out in the guidance notes accompanying the Financial Declaration form, such as a copy of your Financial Notification (Student Finance Breakdown) from your funding agency, must be submitted as soon as it is available.
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 Financial Declaration form. More information about applying for your visa is available on the Visa and immigration page.
Sanctions and Anti-Money Laundering
In accordance with the University’s legal obligations, checks will be carried out (by the University and/or your college) during the offer stage to verify that your source of funding is compliant with UK and international legislation on sanctions (as detailed at https://www.gov.uk/guidance/uk-sanctions) and may be carried out to ensure compliance with anti-money laundering legislation. If you are unable to satisfy the University and your College that your source of funding is compliant by the deadline set in your offer letter (or other deadline communicated by your Department and/or College) then your offer will, in most cases, have to be withdrawn on the grounds that you have not satisfied the financial conditions.
A note on any separate financial checks for college accommodation
The Financial Declaration form is an integral part of the admissions process. Colleges may separately undertake rent assurance processes (e.g. credit control, deposits, payment of rent upfront, tenancy agreements) for students who apply for college accommodation. Rent assurances are undertaken outside of the Financial Declaration process and are unrelated to the process of satisfying the conditions of an offer of admission.