Oxford and Cambridge Universities, also known as Oxbridge, are two of the most prestigious universities in the world. However, attending these universities can be quite expensive, especially for international students.
After knowing the expense, do not get worried! As, we are going to share some insightful information that can help you getting in the Oxibridge. In this blog post, we’ll explore the chances of getting financial aid at Oxbridge and the available options.
Firstly, it is important to note that financial aid at Oxbridge is limited, especially for international students. This is because the universities need more funding for financial aid, and the demand for aid is high. However, some options are still available for students who require financial assistance.
The Chances of Receiving Financial Aid in Oxbridge
The chances of receiving financial aid at Oxbridge are limited, particularly for international students. This is due to the high demand for financial aid and the limited funding available. However, students should still apply for financial aid as early as possible to increase their chances.
Scholarships and bursaries are the best options for students who need financial aid at Oxbridge. Students should research all available scholarships and bursaries and apply for as many as possible. It is also recommended that students consider other forms of financial assistance, such as work-study programs and hardship funds.
Scholarships
Scholarships are one of the main sources of financial aid at Oxbridge. There are several scholarship options available for international students, including those offered by the universities themselves and those offered by external organisations.
The Oxford University Scholarship for International Students is one example of a scholarship that international students can apply for. This scholarship covers tuition fees and provides a living allowance for the duration of the course. However, the competition for this scholarship is extremely high, with only a limited number of scholarships available each year.
One of the most prestigious scholarships available at Oxford is the Rhodes Scholarship. This scholarship is awarded to outstanding students from around the world who demonstrate exceptional academic achievement, leadership skills, and a commitment to positively impacting society. The scholarship covers all university and college fees, a generous stipend, and travel expenses to and from Oxford.
Similarly, Cambridge offers the Gates Cambridge Scholarship, awarded to outstanding students from outside the UK who demonstrate academic excellence, leadership potential, and a commitment to positively impacting society. The scholarship covers the total cost of tuition fees, a generous living allowance, and travel expenses.
In addition to these scholarships, a variety of scholarships are available from external organisations. The Commonwealth Scholarship Commission, for example, offers scholarships to students from Commonwealth countries who want to study in the UK. These scholarships cover tuition fees, a living allowance, and travel expenses.
Bursaries
Bursaries are another option for students who require financial aid in Oxbridge. Bursaries are similar to scholarships but are typically awarded based on financial need rather than academic merit.
Both Oxford and Cambridge offer bursaries to students who require financial assistance. These bursaries can cover all or part of tuition fees and living expenses. However, the funding available for bursaries is limited, and the competition for bursaries is high.
Student Loans
Student loans are another option for students who require financial aid in Oxbridge. However, it is important to note that student loans are only available to UK and EU students, not international students.
UK and EU students can apply for a government-backed student loan to cover the cost of tuition fees and living expenses. These loans must be paid back after graduation and are subject to interest rates.
Other Financial Assistance
There are other forms of financial assistance available for students studying at Oxbridge. For example, some colleges offer work-study programs that allow students to work on campus to earn money to help cover living expenses. Some colleges also offer hardship funds for students who are experiencing financial difficulties.
In addition, several external organisations offer financial assistance to international students studying in the UK. For example, the British Council offers a range of scholarships and grants for international students.
Tips for Oxbridge Financial Assistance Applications
Applying for financial assistance at Oxbridge can be daunting, but with the right approach, students can increase their chances of success. Here are some tips for applying for financial assistance at Oxbridge:
Research the available options:
Before starting the application process, it’s important to research the scholarships, bursaries, and other forms of financial assistance available at Oxbridge. This will help you identify the options best suited to your needs and qualifications.
Start early:
The application process for financial assistance can be lengthy and time-consuming, so it’s important to start early. This will give you ample time to complete all the required paperwork and meet deadlines.
Get in touch with a financial aid advisor:
Both Oxford and Cambridge have dedicated financial aid offices, and it’s a good idea to consult with a financial aid advisor to discuss your options. They can guide the application process and help you determine your eligibility for different forms of financial assistance.
Highlight your achievements:
Scholarships at Oxbridge are often awarded based on academic merit and other achievements, so it’s important to highlight your accomplishments in your application. This can include academic achievements, extracurricular activities, and community service.
Write a strong essay:
Many scholarship applications require an essay, and this is your opportunity to make a strong case for why you should receive financial assistance. Ensure your essay is well-written and thoughtful, highlighting your strengths and achievements.
Follow the instructions carefully:
Each scholarship or bursary application will have specific instructions and requirements. Read these carefully and follow them closely to avoid being disqualified.
Get feedback:
Before submitting your application, it’s a good idea to get feedback from someone else, such as a teacher, mentor, or advisor. They can provide valuable feedback on your essay and help you make any necessary improvements.
How can Rostrum help?
Rostrum’s services can help students maximise their chances of securing financial aid in Oxbridge and other top universities. Rostrum’s team of experienced mentors can assist students in navigating the financial aid options available to them and developing a strategy to secure financial assistance. They can help students identify scholarship opportunities and guide them through the application process. Rostrum’s consultants can also advise on writing compelling scholarship essays and preparing for scholarship interviews. For more information, schedule a free consultation today
