Some aspects of the current funding scheme are subject to change, and the safest way to gain access to the most up-to-date information is to check the University’s web site (http://www.ox.ac.uk/admissions/undergraduate_courses/student_funding/medical_students.html). Some general points may help you to understand the basic structure:
- for “home” and EU students, the Oxford course costs about the same as most other UK graduate-entry medical courses;
- 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 (at the time of writing) usually have part of their fees for the final three years of the course paid for them by the Department of Health (through the NHS), and may also be eligible for student loans and NHS bursaries for these final three years: again, the University's web site will give full details of the loans and bursaries available;
- Oxford is a collegiate university, and in principle fees are payable to colleges as well as to the University: for students with home or EU status, the college fee is not levied separately because the University tuition fee includes an allowance for colleges, but overseas students will usually have to pay the college fee separately in addition to the University tuition fee.
The University's site is the definitive resource for questions about fees: http://www.ox.ac.uk/admissions/undergraduate/fees-and-funding/oxford-support/funding-for-medical-students.
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 £9000 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.)
Please note that the fees are not fixed for the duration of the course and are likely to rise broadly in line with UK retail price inflation.