In Elder Scrolls 4 Oblivion on the xbox360 is there a way to make spells?

I know that you can in morrowind at the mages guild but can you make your own spells in oblivion?Yes I have the knights of the nine and shivering isles if that helps.In Elder Scrolls 4 Oblivion on the xbox360 is there a way to make spells?
Yes, you can access stands like the enchanting stands, but these will allow you to create spells using the ones you already know as the base. You can find these stands in the Arcane University, and (if you have the download) the Wizard's Tower.In Elder Scrolls 4 Oblivion on the xbox360 is there a way to make spells?
Yes.

Once you get higher up in the Mages Guild you'll be able to make your own spells.

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