All students holding an offer of a place (except Home PGCE students) will be required to give financial guarantees to their College in advance of the start of their course, to show that they have sufficient financial resources to cover their period of study at Oxford.
The financial guarantee, typically in the form of a letter from your bank or building society, or from the awarding body in the case of a scholarship, with any appropriate supporting documentation, must show that you will be able to meet the University and College fees and estimated maintenance expenses for the duration of the course (i.e. not just the first year, where the course is two years or more).
If a grant or loan is expected from parents or other persons, you should include a statement from them, accepting responsibility for meeting the necessary costs. This statement should be accompanied by supporting evidence, from a professional adviser, such as a bank manager, accountant or lawyer, showing that sufficient funds are available and vouching for the ability and willingness to pay of the person giving the undertaking. If a student is self-financing, he or she should arrange for similar statements to be sent.
Students must be aware that if their funding situation changes, they will be personally liable for any outstanding fees to the end of the period of fee liability. Non-payment of fees (or of college charges) by the required dates will result in the student not being able to continue with their course of study.