Iceland 2015/16 - grants and loans

Country: Iceland
Date of publication: 2016
Grants - note: No public grants
Need-based grant (euro): -
Merit-based grant (euro): -

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.

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

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