A Rhodes Scholarship is tenable at the University of Oxford. Confirmation of the Scholarship at election is however, subject to the Scholar-Elect's acceptance by a college and by the concerned faculty in case of a research degree. Election to the Scholarship is normally for two years but the Scholarship may be held for one year only, depending upon the degree programme pursued by the scholar. The Trustees impose no requirement that a Scholar should study in Oxford for more than one year. A Scholarship may be renewed, at the complete discretion of Trustees, for a third and final year for those who were initially admitted to Oxford to pursue a doctoral degree.
A Rhodes Scholarship covers approved University and College fees for which payment is made directly to the Scholar's College. It also covers living expenses sufficient to enable a Scholar to meet the necessary expenses for term-time and vacations. The Trust will also meet the cost of a Scholar's air travel, economy class, to the United Kingdom, and of return to India on completion of studies at Oxford.
Tenure of other awards in conjunction with a Rhodes Scholarship is not permitted without prior consultation with the Secretary to the Trust in Oxford.
The Scholarship for which application is to be made in 2012 will be tenable from October 2013.