Finance and studying at Oxford
The financial arrangements regarding tuition fees and bursaries are the same at New College as they are for every other undergraduate college in Oxford, and are outlined on the University website.
Oxford is no more expensive than many other universities, indeed you may find it is cheaper! We firmly believe that money should not be a barrier to your university studies. Below, you will find a number of financial benefits associated with studying at Oxford, and New College in particular:
- Accommodation – under the current arrangements, New College students are normally entitled to a room in college accommodation in their first and second years of study with a good chance of a room in their fourth year. We also have the capacity to accommodate a small number of third-year students. Since the terms are only eight weeks and all first year rooms are let on a 24 week basis (3 x 60 days) you may find the room rent turns out to be cheaper than at some other universities.
- Academic resources – our library contains around 100,000 books, journals and other publications, including multiple copies of the main texts you will require for your studies. Rooms are all provided with broadband internet connections, and we have a computer room with 24 terminals and two printers and a scanner for students’ use.
- Reasonably priced meals – the College dining hall operates on a non-profit basis, so costs to our students are kept low. The average cost of a cooked lunch is £3.40 with breakfast being £1.91.
- Activities and entertainment – all student societies, clubs and social events are heavily subsidised by the College.
- Central location – students are never more than 10-15 minutes’ walk away from department buildings, the main shopping area, or the coach and train stations. This should help to keep your travel costs down during term time.
- Financial Support - as a student at New College, you could be eligible to apply for the various funds we have to financially support our students. See below for more information.
Fees and student funding update:
If you are an offer-holder for 2020 entry, you can download the PDF of the Undergraduate Fees & Funding booklet here.
Cost of living
The amount you spend on your living costs will depend on where and on what you decide to spend your money, but you should certainly be able to make the most of your time here without spending too much. The University provides comprehensive information on the expected cost of living in Oxford, which we encourage students to check when considering their budget. We've also listed out top tips to saving money as a student.
Eating in the Hall can be one way to spend less money on food. There are also plenty of cheap alternatives nearby, such as the College Bar. Open most days, here you will find sandwiches, soft drinks, coffee and tea, and alcoholic drinks in the events, all at lower than average prices.
Most shops, restaurants, cinema chains, and heritage sites will offer student discounts. You should be able to use your Bod Card to claim these discounts, but for those wanting to save more you could investigate buying an NUS Extra card. Always check if you can get a student discount before you pay!
If you plan on travelling over the holiday period, find out if you're entitled to any travel grants from the College and research whether buying an International Student Card would save you money while you are overseas.
Some banks may offer certain deals to those opening a student bank account. It's important to do your research to ensure you're getting the best deal.
Make the most of student budgeting websites like StudentBeans and Money Saving Expert, they offer great advice to students on how and where you can save your money.
If budgeting doesn't come naturally, you may find an online student budget calculator useful. Budget calculators are offered by Brightside, UCAS, and Which?
- Check the amount of maintenance you are entitled to from Student Finance. Eligible students will receive payments each term to help with living costs.
College Financial Support
The College has some funds to help students who face financial hardship, which are offered alongside the Oxford Bursary, Government Grants and Student Maintenance Loans.
Specific details regarding financial support for New College students can be found in our Finance Guide for Undergraduates, listed in the section below.
- The College has various funds available to assist students in financial need, thanks to donation from Old Members (former students) and other supporters, such as the Keasbey Foundation
- Study grants are available for academic projects during the holidays.
- Vacation residence grants are available to allow you to stay in Oxford out of term to study.
- If a student encounters serious hardship arising from unforeseen circumstances during their course, the College is able to provide more substantial help.
Please also see the University's information on Hardship Funding.
Download the latest version of the Financial Guide for Undergraduates.
This will be updated with the 2020 Entry Guide when it becomes available.