Iceland 2015/16 - student fees and grants

Country: Iceland
Date of publication: 2016
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 fee

All 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 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 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 parents

No tax benefits for parents and family allowances.

Family allowances

No tax benefits for parents and family allowances.

Source: Eurydice, National Student Fee and Support Systems 2013/2014, 2015/2016, 2016/2017
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