Anonymous wrote:
Anonymous wrote:
Anonymous wrote:
Anonymous wrote:To OP - just a comment if money is an issue for you. I have a grad student at Oxford. Total cost for two years will be about $125,000. No problem but what surprised me was that Oxford wanted a certified letter from our bank or CPA proving that we could pay for the full two years. I've never heard of an American School requiring that. Then Oxford wanted all of its tuition upfront in October. Fortunately, we knew that was coming so had DC's savings and ours ready to go. Room and board is paid monthly to the College. Check and see how you pay for Cambridge.
Cambridge parent here (undergrad, though). Yes, this is generally the same at Cambridge. We needed proof of ability to pay the first year including living expenses (we were asked for a bank statement and letter from employers re: salaries) and they do charge up front for university and college fees. Room and board is assessed termly at my DC's college.
Thank you both. I think I saw this on the financial info website but good to know.
PP w/ grad student, I am really hoping that grad cost is more expensive than undergrad. I think based on the PP w/ an undergrad + the info on financial website, it will be between $50k and $56k per year. Definitely something to think about. Hoping she can get Home status for the 4th year if she gets in and decides to attend.
OP - this is the American Oxford grad student parent. I asked DC to confirm the figures this evening and this is what he said.
Graduate tuition for his particular field is 28,462 pounds. By today's exchange rate that comes to about $42,000 per year (he is in a two year MPhil program). That is the amount we paid in early October in full to Oxford.
I think undergrad tuition is cheaper but don't know what it is for an American undergrad at Cambridge.
He pays about $800 a month pounds a month to his college. He keeps the room for 12 months so that is 9,600 pounds a year or as he put it, $13,000 for the room on the 12 month plan (that way he doesn't have to haul books and everything else back to the U.S. or beg a friend for storage - you can pay for just 9 months at Oxford but then you relinquish your room). Some rooms at his college are more, some are less.
He pays daily for his food at the dining hall in his college. It's subsidized. That's the good news.
For a collected estimate, Oxford says to expect to pay between $14,106 and 20,520 pounds in living expenses.
https://www.ox.ac.uk/students/fees-funding/living-costs.
Finally there is airfare, which we just booked. It's $5,500 coach one way. We anticipate six one-way tickets this year (but we are buying the more expensive refundable and transferable tickets due to covid problems) so that means $33,000 in airfare if your child wants to come home after each term for the long break.
But the real shock are the hidden fees: "Oxford nickels and dimes you on everything" . He puts that figure at $5,000. He says "Oxford is a VERY expensive place to live". There are also Visa fees and lots of PRC test fees to prove he's covid-free
So that comes to roughly:
$42,000 tuition
$30,000 (the high end of living expenses given by Oxford at 20,520 pounds. That would include dorm and food)
$ 5,000 hidden fees that no one talks about
$33,000 in airfare
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$110,000 per year x 2 = $220,000 for the MPhil. Of course, you can save by not flying three round trips a year and also eating only in the dorm. Oxford told us to expect $65,000 a year, which is $130K for both years but I see now it wasn't allowing for the hidden fees or flights to the U.S. and it used the much lower figure for cost of living. Also note that the schools don't count in the cost of taking parents and siblings over for graduation at the end of all of this. I hope your results vary! Good luck.
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