Reykjavík University Opts Not to Drop Tuition Fees Skip to content
Reykjavík University
Photo: Reykjavík University.

Reykjavík University Opts Not to Drop Tuition Fees

Reykjavík University will keep charging their students tuition fees, despite a government policy change that offers independent universities full state funding if they abolish them. The university’s board expects an ISK 1.2 Billion [$8.7 Million, €8 Million] drop in operating income if it were to discontinue tuition fees, Viðskiptablaðið reports.

Arts university dropping fees

Last week, Minister of Higher Education, Science and Innovation Áslaug Arna Sigurbjörnsdóttir announced that independent universities will be offered full state funding if they abolish tuition fees. Public universities, in contrast, only charge a lower registration fee. The Iceland University of the Arts announced right away that it would be dropping tuition fees, starting fall semester 2024. The other two independent universities are Bifröst University and Reykjavík University. These universities have received 60 to 80% of the public funding they would’ve received if they were public universities.

The student union of Reykjavík University had already announced that it supported retaining tuition fees. “It is the estimation of the students that it would be impossible to maintain the uniqueness of Reykjavík University with the cutbacks that the school would face with this change,” President of Reykjavík University Ragnhildur Helgadóttir said. “The ministry expects the loss of income for Reykjavík University to be ISK 1.2 Billion per year if we choose this path. The board and administrators of the school agree on this estimate.”

Students’ choice

Ragnhildur went on to say that other schools would face cutbacks as well. “It’s important to note that total university funding is not being increased, but only divided differently. This means that the total income of universities would drop by over ISK 3 Billion [$21.7 Million, €20.1 Million] if all universities accepted this offer.”

About 3,500 students attend Reykjavík University and pay approximately ISK 288,000 [$2,100, €1,9oo] in tuition fees per semester. “The students are mostly studying the same subjects available in other universities, but choose to study with us even though we charge tuition fees,” Ragnhildur said. “We want to keep offering them this choice.”

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