Iceland 2013/14 - student fees and grants

National student fee

All students at public higher education institutions pay administrative registration fee of ISK 60 000 per academic year. Over 80 % of students at 1st and 2nd cycle study at public higher education institutions.

Government dependent private higher education institutions charge a tuition fee that covers registration costs and teaching. The fee is around ISK 175-400 000 per academic year.

The same rules apply to international students.

Student grants

In principle, no public grants/scholarships are available. However, some merit-based grants are provided by universities and by the Icelandic Research Fund for Graduate Students for the 2nd cycle students.

Loans

Loans are provided to full-time students by the Icelandic Student Loan Fund. The amount depends on the size of student's family and personal circumstances including income. The basic individual support for academic year 2012/13 was ISK 140 600/month. Around 50 % of students take out a student loan.

Tax benefit for student's parents

No tax benefits for parents and family allowances.

Family allowances

No tax benefits for parents and family allowances.