Top 5 Cheapest Universities in Iceland 2025/2026
Iceland, with its stunning landscapes, vibrant culture, and high-quality education system, has become an attractive destination for international students. While it’s known for its breathtaking natural wonders, the country also offers affordable education options for those looking to pursue higher studies. In this article, we will explore the top 5 cheapest universities in Iceland, along with their average yearly fees.
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1. University of Iceland
The University of Iceland, located in the capital city of Reykjavik, is the country’s largest and oldest institution of higher education. It consistently ranks as one of the top universities in Iceland. The average yearly tuition fee for international students is approximately 200,000 to 400,000 ISK, which is roughly $1,500 to $3,000 USD. The university offers a wide range of undergraduate and graduate programs in various fields, including arts and humanities, natural sciences, social sciences, and more.
2. University of Akureyri
The University of Akureyri, situated in the picturesque town of Akureyri in northern Iceland, is another affordable option for international students. On average, international students can expect to pay around 120,000 to 300,000 ISK, equivalent to $900 to $2,200 USD, for their yearly tuition fees. The university offers a variety of programs, including business, health sciences, and social sciences, making it an excellent choice for students with diverse interests.
3. Háskólinn á Hólum (Holar University College)
Holar University College is known for its specialized programs in agriculture, equine science, and environmental science. Located in the small village of Holar in northern Iceland, this university offers a unique educational experience. The annual tuition fees for international students range from 120,000 to 300,000 ISK, or approximately $900 to $2,200 USD.
4. Bifröst University
Bifröst University, located in the village of Bifröst, is a smaller institution but offers high-quality education in business, social sciences, and law. The yearly tuition fees for international students are in the range of 120,000 to 300,000 ISK, which translates to about $900 to $2,200 USD. The campus is known for its close-knit community and beautiful surroundings, making it an appealing choice for those seeking a more intimate educational experience.
5. Reykjavik University
Reykjavik University is one of Iceland’s newer universities and has gained a strong reputation for its computer science and engineering programs. The average annual tuition fees for international students range from 800,000 to 1,600,000 ISK, or approximately $6,000 to $12,000 USD. While it may have slightly higher fees than the other institutions on this list, it is still relatively affordable, especially considering the quality of education and the vibrant capital city location.
Conclusion
Iceland offers an exceptional opportunity for international students to experience its unique culture and stunning natural beauty while pursuing higher education. These top 5 cheapest universities in Iceland, along with their average yearly fees, provide an overview of some excellent options for budget-conscious students. From the historic University of Iceland in Reykjavik to the specialized programs at Holar University College in the north, there are educational opportunities to suit various interests and budgets. When considering studying in Iceland, it’s essential to explore the specific programs and scholarships available to find the best fit for your academic and financial needs.