| as an oxford undergrad- i'd say there's a definite focus on undergrad education much more than postgrad. Oxford's definitely not a bad grad school, but it's undergrad education is what sets it apart from the rest of the world, in terms of the tutorial system (in case people get the wrong idea- you do get lectures as well- probably only two or three tutorials a week). Whoever said US colleges will give you more individual attention hasn't a clue what they're on about.
To clarify, oxford and cambridge, and indeed almost all british universities, are public institutions, which is their main problem in terms of income (fees determined annually by the government- oxford and cambridge currently make a small loss on every uk/eu undergrad they admit). | 
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