Iceland 2015/16 - student fees and grants
Fees - first cycle (euro): min 509
Fees - second cycle (euro): min 509
Fees - note: All students pay fixed fees
Grants - note: No public grants
Need-based grant (euro): -
Merit-based grant (euro): -
National student feeAll students at public higher education institutions pay administrative registration fee of ISK 75 000 per academic year. Over 80 % of students at 1st and 2nd cycle study at public higher education institutions.
The same rules apply to international students.
Student grantsIn 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.
LoansLoans 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 2014/15 is ISK 165 717/month. Around 50 % of students take out a student loan.
Tax benefit for student's parentsNo tax benefits for parents and family allowances.
Family allowancesNo tax benefits for parents and family allowances.
Source: Eurydice, National Student Fee and Support Systems 2013/2014 - 2015/2016