If an undergraduate student is awarded a Distinction in the Preliminary Examination or a First Class mark in Honour Moderations (the first year examinations) their tutor may recommend to Governing Body that a College Prize is awarded in recognition of their performance.

If an undergraduate student is awarded a First Class in their Final Honours School Examinations (Finals) their tutor may recommend to Governing Body that a College Prize is awarded in recognition of their performance.

If a graduate student on a taught course is awarded a Distinction in their University Examinations their College Adviser may recommend to Governing Body that a College Prize is awarded in recognition of their performance.

In each of the above cases, the value of the prize is set by Governing Body. The prize takes the form of books which must be approved by the student's tutor or adviser prior to purchase.