Icelandic Film School in Financial Crisis Skip to content

Icelandic Film School in Financial Crisis

The Icelandic Film School in Reykjavík is in desperate need of more funding and will close its doors should further funding not be available soon; the Ministry of Education has offered proposals to help find a solution to solve the schoo’ls financial difficulties. The school could be closed as early as this summer.


Svandís Svavarsdóttir

Representatives from the school met with staff members from the Ministry of Education; the acting minister of education, the minister for the Environment Svandís Svavarsdóttir, was absent from the meeting due to overseas travels. “There is a proposal on the table and the school representatives are comparing notes to see if the proposals will work out for the school. At this point I am unable to comment on the situation other than that both parties were satisfied when the meeting was adjourned, Elías Jón Gudjónsson, an assistant to the Minster of Education.

“The number one priority is to make sure the current student body will be able to graduate,” Gudjónsson concluded. The students don’t know where they stand in these uncertain times.

The Ministry of Education warned the school’s administrator in 2007 they were getting in over their head by expanding the school, Gudjónsson told Ministry staff was concerned the expansion might prove to be too costly; the fact that the school was granted a professional recognition by the state does not mean the extra funding would be made available to the school no matter what.

Currently the school is in debt to the sum of ISK 35 million and the possibility of closing down the school is not off the table yet should no more funding be available from the state treasury,

The semester is supposed to start on August 22 and both parties hope to find a solution by that time. The Ministry of Education told both parties will do their best to let the school continue to operate as before; severe changes in the school’s teaching will only come into effect in worst case scenario.


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