Oxford is a collegiate university: the advantages of this system have already been described. Fees are payable to both the University and the college to which you will be attached. Students with “home” (or EU) status (defined in the graduate prospectus and at the web site: http://www.ox.ac.uk/feesandfunding/fees/information/feestatus/) pay lower fees than do overseas students; in addition, “home” students will usually have part of their fees for the final three years of the course paid for them by the Department of Health, and will usually be eligible for student loans to cover most of the balance of their tuition fees throughout the four years.
Some aspects of the current funding scheme are subject to change, and we cannot provide firm details at the time of writing. However, the structure for students entering in 2013 is taking shape, and a number of points can be made that might help your financial planning – but please do check the University's web site for more detailed information (http://www.ox.ac.uk/admissions/undergraduate_courses/student_funding/medical_students.html). The figures quoted here are for 2012 entry, and are offered as a guide: we do not yet know the equivalent figures for 2013 entry.
- for “home” and EU students, the Oxford course costs the same as most other graduate-entry courses (for students entering in 2012, the fee is expected to be £9000 per year);
- “home” students entering in 2012 are expected to be eligible for student loans of up to £5,535 as a contribution to tuition fees for each of the four years of the course: in years 2 to 4, the balance (£3,465) of the tuition fee will normally be paid by the Department of Health through an NHS Bursary, but for the first year of the course (only) students will have to pay the balance of £3,465 for themselves;
- many graduates on the Oxford are eligible for Oxford Bursaries, which are means-tested awards from the University of up to about £3,000 per year, for each of the four years of the course.
We appreciate that it is difficult for you to plan ahead when we are not able to provide more detailed financial information, and as soon as we have any more details we will make them available on our web site. You might also wish to check with the University's web site, where there is an up-to-date summary of the fees and support available. The University's site is the definitive resource for questions about fees: http://www.ox.ac.uk/admissions/undergraduate_courses/student_funding/medical_students.html.
In addition to the fees, remember that you will have to find the cost of living (food, accommodation, etc.) for the four years of the course. The University currently suggests that you allow a budget of about £8500 per year for living expenses; many people feel that this is a very conservative figure. When budgeting for the course, you should also take into account the expenses you may incur in travelling to hospitals for residential attachments: the medical school has no funds to reimburse these expenses. (Transport to the one-day clinical teaching sessions in the first year is provided by the Medical School without charge.)
Fees for overseas students operate on a different scale from those for students with “home” status. The following figures are provisional, and are offered for guidance only: the definitive guide to fees for the 2012 academic year will be available from the Admissions Office. For overseas students, the first year fee in 2012 will be about £15,150 for the University, plus the college fee (about £6000); fees for the remaining three years will be (at 2011 prices) £27,550 per year, plus a graduate college fee of about £3000 per year.
EU students pay fees on broadly the same scale as UK students; they do not pay the college fees for years 2 to 4, and may be eligible for financial assistance in years 2 to 4 from the NHS bursary scheme with the tuition fees (but not, at the time of writing, for maintenance costs).
Please note that the fees shown on this page are intended for guidance only: your college will be able to advise you on the exact fees that will obtain at the time you start the course. Fees are not fixed for the duration of the course and are likely to rise broadly in line with UK retail price inflation.