Iceland 2023/24 - student fees and grants

National student fee

In Iceland all students pay fees, in every study cycle. The standard charge is a registration fee of ISK 75,000 (about EUR 503 a year in 2023/24), and this is what most students pay.

There are exceptions. In the subsidised clinical psychology programme the fee could reach ISK 1,188,000 for home students (about EUR 8,382) and ISK 2,248,000 for international students. A few programmes that are not state-subsidised charge much more – the most expensive, the MBA at Reykjavík University, cost up to ISK 12,500,000.

International students also pay an extra application fee of around ISK 8,000. Students with disabilities get a fee reduction, and other waivers or reductions depend on students' socio-economic situation.

Student grants

There are no public grants for students in Iceland – direct support is given only as student loans. The only grant-like support is an extra amount for students with children who take a student loan (see family allowances).

Loans

Student loans are the main form of public support in Iceland. You can get one if you are an Icelandic citizen, a refugee or a holder of a permanent residence permit. EEA/EFTA citizens and their family members with permanent residence can also qualify if they work in Iceland at least 40 hours a month while studying, as can foreign citizens who have been married to or in a registered partnership with an Icelandic citizen for about two years and have lived legally in Iceland for at least two of the five years before starting studies. The source does not give loan amounts or repayment rules for 2023/24.

Tax benefit for student's parents

There are no tax benefits for students' parents.

Family allowances

Students who take a student loan and have children receive an extra grant of ISK 459,000 a year for each child (2023/24). There is no limit on the number of children and no age limit.