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The bursary amount provided is on a sliding scale (dependent on household income and the year in which you join your course) from £500-£1,000 for year one, and from £1,000 to £2,000 for years two and three.
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Universities failed to allocate £19m in bursaries, amounting to 16.5% of their bursary budgets, Offa reports, concluding that universities are paying back in bursaries significantly less than was promised of the £500m they raised in top-up fees.
Sir Howard Newby, who stood down last month, said the new funding package of tuition fees, grants and bursaries amounted to a public subsidy for the middle classes and was "not sustainable".
It calls for outreach programmes in disadvantaged areas to inspire students into higher education, rather than "tokenistic efforts" such as offering small numbers of bursaries, which amounts to cherry-picking the best students at the expense of others.
Earlier research carried out by Offa in 2010 indicated that the precise amount of bursary awarded by a university or college did not affect a student's choice of university.
The National Union of Students (NUS) expressed anger that universities and colleges had cut their fees by increasing the number of fee waivers they offered, rather than raising the amount of bursaries available to students.
The amount spent on bursaries has dropped from £465m under the 2014-15 agreementseemento, to £412m.
The fees and application procedure for the course are similar to those for any other MPhil at the University of Cambridge, and the amount of the bursaries will vary.
"We do have a significant amount of pupils who are receiving bursaries.
The Charity Commission has thereby seen the amount of fee remission through means-tested bursaries that the schools give and the work the schools do with others in the state sector or within the community.
Take away the bursary and you'll lose many students who have a huge amount to offer in terms of energy, commitment and passion.
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