Many people are under the impression that it is more expensive to study at Oxford or Cambridge than other UK universities - this is not the case.
The proposed government changes to student finance have caused some people to rethink their higher education options, reluctant to graduate in debt. A certain amount of student loan debt is unavoidable, but both Oxford and Cambridge are determined that no one should be put off from applying because of financial considerations and they have taken action accordingly.
Furthermore, the collegiate system, which does not cost Home and EU students extra, not only means extra funding opportunities, but also cheaper living costs with college accommodation. Of course, rents vary, but crucially, you don’t have to pay during the vacations, only for the eight-week terms when you are in residence.