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Cambridge's libraries hold a total of around 15 million books, eight million of which are in Cambridge University Library, a legal deposit library.In the year ended 31 July 2016, the university had a total income of £1.64 billion, of which £462 million was from research grants and contracts.The most recently established college is Robinson, built in the late 1970s.However, Homerton College only achieved full university college status in March 2010, making it the newest full college (it was previously an "Approved Society" affiliated with the university).

A change in the colleges' focus occurred in 1536 with the Dissolution of the Monasteries.Before 1918 the franchise was restricted to male graduates with a doctorate or MA degree.For many years only male students were enrolled into the university.In order to claim precedence, it is common for Cambridge to trace its founding to the 1231 charter from King Henry III granting it the right to discipline its own members (ius non-trahi extra) and an exemption from some taxes (Oxford would not receive a similar enhancement until 1248). There were also institutions without endowments, called hostels.The colleges at the University of Cambridge were originally an incidental feature of the system. The hostels were gradually absorbed by the colleges over the centuries, but they have left some indications of their existence, such as the name of Garret Hostel Lane.

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