Tuition Fees & Study Costs in Iceland
Study costs in Iceland will depend on a variety of factors such as the university you are choosing to attend, the course you wish to take and whether you are an EU or non-EU student.
Private universities charge tuition fees that are comparatively low compared to other European institutions while public universities have an annual registration fee in the place of a tuition.
Non-EU students will be required to pay for an application fee as well.
Quick Facts about Tuition Fees in Iceland
- Bifröst University, Iceland Academy of the Arts, and Reykjavik University are the three private institutions in the country.
- Tuition fees can range from ISK 540,000 – ISK 2,000,000 per year (USD 5,351; EUR 4,358 - USD 19820; EUR 16,139)
- Agricultural University of Iceland, Hólar University College, University of Akureyri and the University of Iceland are the four public universities in Iceland.
- The annual registration fees clocks in at ISK 75,000 (USD 743; EUR 605)
Grants and Scholarships
There are a couple of options available for international students seeking financial support with regards to their studies in Iceland.
- Reykjavik University and the University of Iceland are the only ones offering grants and scholarships among the seven universities in Iceland.
- The Icelandic Ministry of Education, Science and Culture also awards scholarships to international students who wish to pursue the study of Icelandic as a second language. This program is executed through the Árni Magnússon Institute for Icelandic Studies
- Those pursuing research studies can take advantage of the Icelandic Research Fund (IRF) and the Icelandic Student Innovation Fund (ISIF) after their projects are approved after a proposal. While this is geared more towards PhD students, those taking up their Masters can apply as well.
- Erasmus Masters funding is also available for international students from the EU.
Learn more about education in Iceland: