We are very much aware of the continuing impacts of the increased costs of living on the student community. The University and colleges already provide a range of support for students facing financial difficulties during their studies, and this provision is kept under regular review.
What to do if you are worried about your finances
Managing your finances
The University’s managing your finances page provides a range of advice on ways to manage your money while at university; and our living costs webpage can help you estimate your living costs in Oxford.
There is a range of assistance available to support students in financial difficulty, which includes those impacted by significant increases in the cost of living, where this cannot be met through other sources. The support is available through college schemes, or through the central University’s Financial Assistance schemes which includes additional funds to respond to students facing increased pressures. Go to the Oxford Financial Assistance schemes page for more information, which includes details of targeted support for UK undergraduates who are care-experienced or estranged from their family.
We understand that financial strains can have an impact on your wellbeing. You can find out about the welfare support available from the University; and you can also speak to your college welfare team. You can also get independent advice from Oxford SU’s Student Advice service.
How the University has adjusted its core funding provision
The rising cost of energy will have a significant impact on University and college costs, which means rents and the costs of services are likely to rise. However, efforts are being taken to support students wherever possible.
Oxford Bursaries and Crankstart Bursaries have been increased by 4% for all returning students in 2023/24, following the introduction of an annual uplift to undergraduate bursaries, as part of a full review of our undergraduate financial support package. New students will be eligible to receive increased bursaries of up to £5,800 through further enhancements to the package for 2023 entrants.
Graduate scholarship stipend increases
The University is matching the UKRI’s increase to doctoral stipend levels for 23-24. This means that most non-UKRI Oxford scholarship stipends for both graduate taught students and graduate research students will rise by c.5.4% to £18,622 pa this year.