On issues of student finance, UK and EU students are treated the same for most costs. This situation will remain unless an official decision is made that the UK leaves the EU. At time of writing (July 2016), it is unclear whether this will occur (despite referendum results narrowly in favour of "leave"). The earliest leave date would be two years from the official decision to do so, hence not before summer 2018.
Annual tuition fees for EU & UK students
Annual tuition fees for students starting their degree in 2016 are £9,000. Those starting 2017 will pay £9,250 per year of undergraduate study. These fees can be funded fully using a loan provided by the UK government. It is repayed once the student earns above a threshold income (ca. £25,000 per year) in small increments. If the loan is not repaid entirely after 30 years, the remaining loan payments are waived. Interest payments are only as high as inflation or (for high incomes) up to 3 percentage points above inflation. Finally, the UK goverment tuition loan does not affect creditworthiness at all. This makes the UK tuition loan very attractive for students seeking a low-risk way to pay for their studies once they have their own income.
Costs of living day-to-day
The living costs - accommodation, meals, study materials, clothing, extracurriculars, travel etc. - estimated across the entire academic year are ca. £10,000 (the usual range is ca. £8,500 - £13,000). This varies according to lifestyle as well as somewhat by college.
College accommodation and meal charges vary. At Oxford, the cheapest accommodation and meal charges for all three terms total ca. £4,500 (Brasenose and St. John's Colleges), and the most expensive charge nearly £6,000 for three terms (St. Edmund Hall), according to publicly provided information by the university.
The total costs of studying at Oxford or Cambridge - including living expenses - thus add up to a total of ca. £20,000 per year. This cost is roughly the same at all other universities in England for undergraduate degrees, and vastly cheaper than many private high schools, such as boarding or international schools, in UK and abroad.
Low-income households: annual bursaries
For low-income households, bursaries are available for students with household incomes below £42,875. These bursaries are non-repayable grants of up to £3,700 per year (for students from households with an income of up to £16,000), depending on income levels. The breakdown of bursary payments by income level is publicly provided by the university and accessible here. The bursary and loan funding package can be enhanced using the Moritz-Heynman Scholarship, which not only provides funding but also opportunities for volunteering and internships for its scholars.
While fees and living expenses appear expensive in comparison with public universities in Germany and elsewhere in Europe, they appear much less significant when compared to German private universities such as WHU or Bucerius Law School in Germany (annual tuition fees of ca. €13,000 before living expenses), and top universities in the USA (annual expenses including fees and living of upward of $60,000 for many top institutions). What Oxford and Cambridge offer in value include:
Katharina Kunze, Tutorin und Gründerin von Oxbridge Bewerbung, hat zwischen 2005 und 2008 an der Oxford University "Politics, Philosophy and Economics" (BA Hons) studiert.
Nach ihrem Master hat sie als Unternehmens-
beraterin bei Oliver Wyman, bei The Economist und bei dem deutschen Startup mymuesli gearbeitet.
Seit 2011 haben sie und ihre Mentoren bei Oxbridge Bewerbung Schüler in England, Deutschland und im Ausland bei der Bewerbung für Oxford und Cambridge University betreut.