Top Universities in Iceland in 2024: Universities & Fees

19 min read

Studying at the top universities in Iceland offers a chance to get a high-quality education while enjoying a breathtaking scenic view. Iceland, after all, is home to Northern lights. 

Known for its innovative teaching methods and research opportunities, Iceland has become a sought-after destination for students worldwide. The country boasts some of the top universities for international students. The University of Iceland is often regarded as the country’s best university due to its comprehensive programs and strong global partnerships.

In recent years, the Iceland universities ranking has seen a rise in global standings, reflecting this country’s commitment to academic excellence. Furthermore, according to the QS World University Rankings, the University of Iceland consistently ranks within the top 500 universities globally, making it an attractive option for students seeking a prestigious education. 

Reykjavik University and the Iceland University of the Arts are also featured in various international rankings, highlighting their specialised business, engineering, and arts​​ study programs.

For you as an international student, Iceland offers more than just excellent education. With over 5,000 international students enrolling annually, this country provides a welcoming and inclusive environment. Scholarships and financial aid are readily available, making managing the cost of living in this beautiful country feasible.

From exploring the geothermal landscapes to participating in local cultural festivals, studying at the top universities in Iceland for international students is an enriching experience that combines academic growth with personal adventure​​.

Ready to learn more about the top universities in Iceland?

Key Highlights

Here is a table detailing the important information you’ll learn later in the blog, including the top universities in Iceland for international students and the ranking of Iceland universities.

Section	Details
Top Universities in Iceland For International Students	The University of Iceland Reykjavik University Iceland University of the Arts
Iceland’s best university	The University of Iceland is often regarded as Iceland’s best university
Iceland Universities Ranking	Icelandic universities like the University of Iceland consistently rank within the top 500 globally
Popular Programs	Geothermal energy Marine sciences Business administration Computer science
Scholarships	Icelandic Government ScholarshipsReykjavik University Scholarships
Admission Requirements at Top Universities in Iceland	Academic transcripts Proof of English proficiency (IELTS 6.5 or TOEFL 79) Statement of purpose Letters of recommendation
Cost of Living	INR 1.1 L – 1.3 L (ISK 185,000 – 212,000)
Career Prospects	Renewable energy Marine sciences Business Technology

Why Study at Top Universities in Iceland?

Top universities in Iceland are renowned for their academic excellence and extensive research opportunities. According to the QS World Rankings, the University of Iceland (Háskóli Íslands) consistently ranks within the top 400 globally. It offers over 400 humanities, social sciences, health sciences, natural sciences, and engineering programs.

The university is particularly noted for its research in geothermal energy and marine biology, which contribute significantly to global knowledge. 

Similarly, Reykjavik University (Háskólinn í Reykjavík) is also one of the top universities in Iceland, featuring in the Times Higher Education World University Rankings.

It specialises in business, computer science, engineering, and law and maintains strong collaborations with prominent Icelandic companies like Icelandair and Landsvirkjun, providing students with valuable internship and project opportunities.

Need more reasons why you should study at top universities in Iceland? Here are four!

1. Affordable Education

Top universities in Iceland are financially accessible, especially compared to other Western countries. Public universities in Iceland charge a modest annual registration fee of approximately INR 45K (ISK 75,000). This makes higher education in Iceland an attractive option for international students seeking quality education without the burden of high tuition fees.

While the cost of living in Iceland can be high, you can manage your expenses through various scholarships and part-time job opportunities. These financial aids help alleviate the overall cost, making studying at the best universities in Iceland feasible for you.

2. Unique Cultural Experiences

Iceland offers a rich cultural heritage and vibrant contemporary culture. Needless to say, you can experience all of it while studying in this beautiful country. 

• Language: While Icelandic is the official language, English is widely spoken in academic and social settings.
• Cultural Heritage: You can explore Icelandic sagas, folklore, and traditions through local museums and festivals such as Þjóðhátíð (National Festival).

3. Breathtaking Natural Environment

Iceland’s landscape will be a major attraction for the explorer in you. Some of the best places you can explore while studying at the top universities in Iceland include the following. Have a look.

• Geothermal Pools: The Blue Lagoon and numerous natural hot springs provide relaxation and wellness opportunities.
• Northern Lights: Visible from September to April, offering an unforgettable visual experience.
• Outdoor Activities: Hiking trails like Laugavegur, glacier tours, and whale watching are easily accessible.

4. Safety and High Quality of Life

Iceland is renowned for its safety and excellent living conditions, which it offers to international students. Studying here means that you will be studying in the most peaceful country in the world – literally! According to the Global Peace Index, Iceland is ranked the safest country in the world.

You will also have access to a high-quality healthcare system.

7 Top Universities in Iceland

Iceland, the Land of Fire and Ice, offers more than stunning glaciers and geothermal wonders. It also has a thriving academic scene focused on innovation and a welcoming atmosphere for international students.

Did you know it’s also a hub for international education, boasting a remarkable 95% English proficiency rate and attracting over 5% of its student body from abroad? With a focus on innovation and a welcoming atmosphere, Iceland’s universities are primed to launch your academic journey.

Dive into the list of the 7 Top Universities in Iceland and discover where your educational adventure awaits!

Top Universities in Iceland	Average Annual Fees
University of Iceland	Free (both domestic and international students)
Reykjavik University	INR 7 L – 15 L (1,200,000 ISK)​​
Iceland University of the Arts	Tuition fees will be abolished starting fall 2024​
Bifröst University	INR 3 L – 6 L (480,000 ISK – 960,000 ISK)​
University Centre of the Westfjords	INR 90K per semester (1010 EUR per semester)​
Agricultural University of Iceland	Free (both domestic and international students)
Holar University College	Free (both domestic and international students)

1. University of Iceland

The University of Iceland, founded in 1911, is Iceland’s largest and oldest higher education institution in the heart of Reykjavík. It offers nearly 400 programs across various fields, including social sciences, health sciences, natural sciences, engineering, humanities, and education. It has secured a rank of #547 on the QS World Ranking 2025.

The university has a total enrollment of approximately 15,089 students, with 1,687 international students​​.

Notable Alumni

1. Vigdís Finnbogadóttir – The first woman in the world to be elected as a president, serving as the President of Iceland from 1980 to 1996.
2. Halldór Ásgrímsson – Former Prime Minister of Iceland
3. Haukur Þorgeirsson – CEO of the Icelandic Forest Service

Here is a table detailing this university’s popular courses, fees and admission requirements.

Aspect	Details
Popular Courses	Social Sciences Health Sciences Natural Sciences Engineering
Average Range of Fees	Free (both domestic and international students)
Admission Requirements	IELTS: 6.5 TOEFL: 79 High School GPA: Minimum 3.0 Bachelor’s Degree for Master’s programs​​

2. Reykjavik University

Established in 1998, Reykjavik University is a private university in Reykjavík. It is known for its focus on innovation, practical learning, and strong industry ties. The university has around 3,246 students, including many international students. It offers business, computer science, engineering, law, and psychology​programs.

Notable Alumni

1. Katrín Jakobsdóttir – Prime Minister of Iceland
2. Hilmar Veigar Pétursson – CEO of CCP Games
3. Þorsteinn Víglundsson – Former Minister of Social Affairs and Equality

Here is a table detailing the popular courses, fees and admission requirements for Reykjavik University.

Aspect	Details
Popular Courses	Business Administration Computer Science Engineering Law Psychology
Average Range of Fees	INR 7 L – 15 L (1,200,000 ISK)​​
Admission Requirements	IELTS: 6.5 TOEFL: 79 High School GPA: Minimum 3.0 Bachelor’s Degree for Master’s programs​

3. Iceland University of the Arts

The Iceland University of the Arts, established in 1998, is located in Reykjavík. It offers higher education in fine arts, theatre, dance, music, design, architecture, and art education. The university is noted for encouraging progressive thinking in the arts and stimulating innovation. It has about 598 students enrolled​​.

Notable Alumni

1. Baltasar Kormákur – Director and actor
2. Ragnar Kjartansson – Visual artist
3. Hildur Guðnadóttir – Composer and musician known for her work on the film “Joker” soundtrack

Here is a table detailing the popular courses, fees and admission requirements for Iceland University of the Arts.

Aspect	Details
Popular Courses	Architecture Arts Education Design
Average Range of Fees	Tuition fees will be abolished starting fall 2024​
Admission Requirements	IELTS: 6.5 TOEFL: 79 Bachelor’s Degree for Master’s programs​

4. Bifröst University

Bifröst University, founded in 1918, is a small private university located in the rural valley of Norðurárdalur in Borgarbyggð, Western Iceland. It is known for its strong focus on business, law, and social sciences. The university promotes a close-knit academic community with strong student support​​.

Notable Alumni

1. Sigmundur Davíð Gunnlaugsson – Former Prime Minister of Iceland
2. Jón Gnarr – Comedian, actor, and former mayor of Reykjavík
3. Þorsteinn Víglundsson – Former Minister of Social Affairs and Equality

Here is a table detailing the popular courses, fees and admission requirements for Bifrost University.

Aspect	Details
Popular Courses	Business AdministrationLawSocial Sciences
Average Range of Fees	INR 3 L – 6 L (480,000 ISK – 960,000 ISK)​
Admission Requirements	IELTS: 6.0 TOEFL: 70 High School GPA: Minimum 2.5Bachelor’s Degree for Master’s programs​

5. University Centre of the Westfjords

The University Centre of the Westfjords, established in 2005, is located in Ísafjörður, a town in the northwest of Iceland. This institution specialises in master’s programs related to coastal and marine management and regional development. It has a small student body of around 200, fostering a close-knit and focused academic environment​​.

Notable Alumni

1. Leah Shamlian – Winner of the Tom McKnight & Joan Clemons Paper Award for her master’s thesis.
2. Emma Dexter – Recipient of a grant from the Regional Development Agency of Iceland for her research on place attachment and climate change awareness in Iceland.
3. Matei Filip Popescu – Researcher focusing on the social acceptance of green ammonia for maritime uses in Ísafjörður.

Here is a table detailing the popular courses, fees and admission requirements for the University Centre of the Westfjords. 

Aspect	Details
Popular Courses	Coastal and Marine Management Coastal Communities Regional Development
Average Range of Fees	INR 90K per semester (1010 EUR per semester)​
Admission Requirements	Bachelor’s Degree IELTS: 6.5 TOEFL: 79​

6. Agricultural University of Iceland

The Agricultural University of Iceland (AUI), founded in 2005, is located in Hvanneyri, Borgarfjörður. The university focuses on agricultural and environmental sciences, offering undergraduate and graduate programs in agricultural, equine, and ecological sciences. AUI is known for its applied research and strong industry connections.

Notable Alumni

1. Unnur Brá Konráðsdóttir – Former Speaker of the Althing (Icelandic Parliament)
2. Einar K. Guðfinnsson – Former Minister of Fisheries and Agriculture
3. Haraldur Benediktsson – Member of the Althing

Here is a table detailing the popular courses, fees and admission requirements for the Agricultural University of Iceland.

Aspect	Details
Popular Courses	Agricultural Sciences Environmental Sciences Equine Science
Average Range of Fees	Free (both domestic and international students)
Admission Requirements	Bachelor’s Degree IELTS: 6.0 TOEFL: 70

7. Hólar University College

Hólar University College, established in 1882, is located in Hólar, a historical site in northern Iceland. It offers specialised equine studies, aquatic biology, and tourism studies programs. The university is renowned for its aquaculture and equine sciences research, attracting students and researchers worldwide.

Notable Alumni

1. Jónas Jónsson – Renowned equine trainer and breeder
2. Sigríður Björnsdóttir – Veterinarian specialising in equine health
3. Þórður Þorgeirsson – Expert in sustainable aquaculture practices

Here is a table detailing the popular courses, fees and admission requirements for Holar University College.

Aspect	Details
Popular Courses	Equine Studies Aquatic Biology Tourism Studies
Average Range of Fees	Free (both domestic and international students)
Admission Requirements	Bachelor’s Degree IELTS: 6.5 TOEFL: 79

Intake Timings for Top Universities in Iceland

Universities in Iceland generally operate on a bi-annual intake system, dividing the academic year into two main semesters: Autumn and Spring. The Autumn semester typically begins in late August and runs until December, while the Spring semester starts in January and ends in May.

The acceptance rate at top universities in Iceland significantly by institution and program but generally ranges between 20% and 40%. This range reflects a moderately competitive admission process, with specific acceptance rates influenced by the popularity of the programs and the number of applications received

Here are the intake timings at the top universities in Iceland.

Top Universities in Iceland	Autumn Intake	Spring Intake
University of Iceland	Application deadline: February 1	Not available for international students
Reykjavik University	Application opens: January 15	Application opens: October 15
University Centre of the Westfjords	Application deadline: February 15	Not available
Agricultural University of Iceland	Application deadline: June 1	Not available
Hólar University College	Application deadline: April 1	Not available

Here are a few key points to remember:

1. University of Iceland: The central intake is in Autumn and applications close on February 1 for the following academic year. There is no Spring intake for international students.
2. Reykjavik University offers both Autumn and Spring intakes. The application period for the Autumn semester opens on January 15 and closes on April 30. For the Spring semester, applications open on October 15.

Admission Process for Top Universities in Iceland

It’s crucial to be well-prepared when applying to top universities in Iceland, as these institutions are known for their competitive admission processes. With Iceland hosting over 5,000 international students annually, the demand for higher education in this unique destination is evident. To increase your chances of acceptance, ensure your application is thorough and compelling​.

Applying to top universities in Iceland involves several standardised steps and requirements. Here’s a comprehensive overview of the typical admission process. 

Admission Requirements

The basic admission requirements for applying to top universities in Iceland include:

1. Online Application

• Complete the university’s online application form, which is available on their official website.

2. Supporting Documents

• Official transcripts and certificates from previous educational institutions.
• Scores from standardised tests like IELTS (typically 6.5 or higher) or TOEFL (usually 79 or higher)​​.
• A scanned copy of a valid passport.
• A detailed resume outlining educational background, work experience, and other relevant activities.
• Statement of Purpose (SOP): An essay detailing the applicant’s motivation for applying, academic interests, and career goals.
• Letters of Recommendation: Typically, two from academic or professional references who can attest to the applicant’s qualifications and potential.
• Depending on the program, other documents, such as portfolios (for arts programs), writing samples, or specific test scores, might be required.

Application Process Steps

1. Create an Account: Register on the university’s application portal.
2. Fill Out the Application Form: Provide personal information, educational history, and the program you are applying for.
3. Upload Supporting Documents: Scan and upload all required documents in the specified formats.
4. Pay Application Fee: If required, pay the non-refundable application fee through the university’s payment system.
5. Submit Application: Review the completed application form and submit it before the deadline.

Post-Submission

• Application Review: The admissions committee reviews applications holistically, considering academic records, test scores, recommendation letters, and personal statements.
• Interview (if applicable): Some programs at top universities in Iceland may require an interview as part of the admissions process.
• Decision Notification: Applicants are typically notified of their admission status within a few weeks after the application deadline.
• Acceptance and Enrollment: Accepted students must confirm their acceptance and complete the enrollment process, which may include submitting additional documents and paying an enrollment deposit.

Cost of Living in Iceland

Besides the cost of studying at top universities in Iceland, you also need to know the cost of living in this country. Living in Iceland can be expensive, with Reykjavik being the priciest city. The average monthly cost of renting a one-bedroom apartment in Reykjavik ranges from INR 1 L to 2 L (ISK 185,000 – 212,000)​. However, you can manage your expenses with some strategic cost-cutting measures.

Cost-Cutting Tips

• Grocery Shopping: Shop at discount stores like Bónus and Krónan instead of higher-end stores like Hagkaup.
• Transportation: Use public transport with a monthly pass costing around INR 5K – INR 8K (ISK 6,000 – 10,000), or opt for cycling and walking.
• Dining Out: Cook at home more often and choose affordable dining options when eating out.

Below, you’ll find a detailed breakdown of the basic living costs in Iceland.

Category	Average Monthly Cost
Housing	INR 1 L – 1.3 L (ISK 185,000 – 212,000)
Food and Groceries	INR 6 K – 12 K (ISK 7,000 – 14,000)
Transportation	INR 5 K – 8 K (ISK 6,000 – 10,000)
Dining and Entertainment	INR 3 K – 7 K (ISK 3,000 – 9,000)
Miscellaneous	INR 6 K – 10 K (ISK 7,000 – 12,000)

Scholarships to Study at Top Universities in Iceland

Iceland offers a variety of scholarships to support international students like you pursuing higher education in this unique and vibrant country. Approximately 30% of international students in Iceland receive financial aid, making it feasible to manage the cost of living while studying​​.

These scholarships help ease your financial burden and attract talented individuals worldwide.

Here’s a look at some of the best scholarships to help you fund your studies at top universities in Iceland.

Scholarship	Amount Awarded	Eligibility
Icelandic Government Scholarships	Varies (tuition fees and stipend)	International students who have completed at least one year of university studies in humanities
Reykjavik University Scholarships	Equivalent to first-semester tuition fees	High-achieving students enrolling in undergraduate programs
Erasmus+ and Nordplus Programs	Varies (tuition, travel, and stipend)	Students enrolled in participating universities in Europe
University of Iceland Research Fund	Varies (research costs, travel, and living expenses)	Graduate students engaged in research at the University of Iceland
UNU-GEST Fellowships	Fully funded (tuition, travel, and living expenses)	Researchers and professionals from developing countries focusing on gender studies

Here are a few details to keep in mind

Icelandic Government Scholarships: The Icelandic Ministry of Education, Science, and Culture offers them. They are intended for students studying Icelandic language, literature, and history at the University of Iceland.

Reykjavik University Scholarships: Reykjavik University offers outstanding international students the New Student Grant and HR Presidential List scholarships, covering tuition fees for the first semester.

Jobs in Iceland to Breakdown the Study Cost of Top Universities in Iceland Soon

After studying at top universities in Iceland, several high-paying job opportunities await you, especially in specialised fields. The country’s strong economy and focus on innovation and sustainability make it an attractive destination for professionals. Below is an introduction to some of the highest-paying jobs in Iceland and a list of top recruiters in these fields.

Top Recruiters

1. Landspítali – The National University Hospital of Iceland: Major employer for healthcare professionals, including surgeons and doctors.
2. Arion Bank: Known for hiring top banking and financial sector talent.
3. Landsvirkjun: Iceland’s national power company, a leading employer in the energy sector, especially geothermal energy.
4. Össur: A global leader in non-invasive orthopaedics, offering high-paying roles in biomedical engineering.
5. Marel: A global provider of advanced food processing systems and services, recruiting in engineering and management roles.

Below is a table listing Iceland’s top five highest-paying jobs and their average annual salaries.

Job Title	Average Annual Salary
Surgeons / Doctors	INR 2.5 Cr – 5 Cr (ISK 30,00,000 – 60,00,000)
Judges	INR 1.8 Cr – 3 Cr (ISK 22,00,000 – 40,00,000)
Lawyers	INR 1.6 Cr – 2.8 Cr (ISK 20,00,000 – 35,00,000)
Bank Managers	INR 1.5 Cr – 2.5 Cr (ISK 18,00,000 – 30,00,000)
Chief Executive Officers (CEOs)	INR 1.6 Cr – 2.4 Cr (ISK 20,00,000 – 30,00,000)

Student Visa Process to Study at Top Universities in Iceland

If you plan to study in Iceland for more than three months, you must apply for a student visa (D visa) and a residence permit for study purposes. Here’s a detailed guide to help you understand the process and requirements.

Step 1: Secure Admission

• Obtain an acceptance letter from any of the top universities in Iceland for a full-time study program.

Step 2: Prepare Necessary Documents

• Visa Application Form: Completed and signed.
• Passport: Valid for at least three months beyond the intended stay.
• Passport-sized Photos: Two recent photos (35 by 45 mm).
• Proof of Financial Means: Bank statements showing sufficient funds (INR 1.1 Lakh per month (ISK 180,840)).
• Health Insurance: Coverage of at least INR 11.9 Lakhs (ISK 2,000,000).
• Criminal Record Certificate: Issued within the last six months.
• Proof of Housing: Secure accommodation for the duration of stay.
• Acceptance Letter: From the university.

Step 3: Submit Application

• Submit the application and documents to the Directorate of Immigration in Iceland, either in person or via a representative.

Step 4: Pay Application Fee

• The application fee for a residence permit is INR 9,000 (ISK 15,000).

Step 5: Await Processing

• Processing time ranges from 6 to 12 weeks. Ensure you apply well in advance of your intended start date.

Step 6: Post-Arrival Requirements

• Register with Registers Iceland to obtain a Kennitala (Icelandic ID number) upon arrival in Iceland.

Work Regulations for Students

• Work Hours: International students with a valid residence permit can work up to 15 hours per week during their studies.
• Post-Graduation: Graduates can apply for a residence permit to seek employment relevant to their field of study.

Visa Fees and Duration

• Visa Fee: INR 9,000 (ISK 15,000)
• Duration: The student visa is typically issued for 3 to 12 months, after which a residence permit is required.

Conclusion

Studying at top universities in Iceland offers a unique and enriching experience. Its high-quality education, stunning natural landscapes, and vibrant culture make it a great place to study. Icelandic universities like the University of Iceland and Reykjavik University provide top-notch education and extensive research opportunities.

Scholarships are readily available to international students, with around 30% receiving financial aid. Programs like the Icelandic Government Scholarships and Reykjavik University Scholarships offer substantial support to ease the financial burden​​.

For those looking to work in Iceland, the country boasts some of the highest-paying jobs in healthcare, law, and banking. Surgeons, lawyers, and bank managers can earn annual salaries ranging from INR 1.5 Crore to 5 Crore (ISK 18,00,000 – 60,00,000)​​. Significant recruiters in these fields include Iceland’s leading hospitals, law firms, and financial institutions.

Overall, Iceland presents a compelling option for international students and professionals alike. It offers a blend of academic excellence, career opportunities, and a high quality of life. With careful planning and available resources, you can make the most of what Iceland offers.

Frequently Asked Questions