University fees in Iceland in 2026
A detailed analysis of the tuition fees of the 7 institutions in Iceland that published their fees: bachelor, master, doctorate, public vs private.
Fee summary in Iceland
According to our data, the average bachelor fee in Iceland is 246,800 ISK per year, for the 5 universities that published their fees. Costs vary considerably by institution, field of study and public or private status.
The most attractive bachelor fee starts at 75,000 ISK per year, with a maximum observed of 934,000 ISK per year. This range illustrates the gap that can exist between public institutions and private schools.
Fees by study level
Bachelor's degree
Based on 5 universities
From
75,000
ISK
Average
246,800
ISK
Up to
934,000
ISK
Master's degree
Based on 5 universities
From
75,000
ISK
Average
246,800
ISK
Up to
934,000
ISK
Doctorate
Based on 4 universities
From
75,000
ISK
Average
75,000
ISK
Up to
75,000
ISK
Public vs Private — Bachelor fees
Average bachelor fee
Minimum bachelor fee
Looking for the most affordable options?
Discover our selection of the cheapest universities in Iceland, ideal for optimising your study budget.
Cheapest universitiesFrequently asked questions about fees in Iceland
How much does a bachelor's degree cost in Iceland?
A bachelor's degree in Iceland costs between 75,000 and 934,000 ISK per year, with an average of 246,800 ISK, depending on the institution and field.
Are public universities cheaper in Iceland?
Yes, generally. On average, a bachelor's degree costs 75,000 ISK at a public university versus 934,000 ISK in the private sector, a difference of 1,145.3%.
How much does a master's or doctorate cost in Iceland?
For a master's, fees range from 75,000 to 934,000 ISK per year. A doctorate costs between 75,000 and 75,000 ISK per year.
Do these amounts include all fees?
No. The fees shown correspond to the tuition announced by the institutions. Application, housing, living and insurance costs remain the student's responsibility and vary by city and lifestyle.
Universities included in this analysis
The 7 universities in Iceland that published their minimum bachelor fees. Only the first 7 are shown — use the button to reveal more.
Bifröst University
Iceland University of the Arts
University of Akureyri
Agricultural University of Iceland
University of Iceland
Hólar University