Students Express ‘Grave Concern’ Regarding Financial Situation at the University of Iceland Skip to content
Háskóli Íslands University of Iceland
Photo: Golli. The University of Iceland.

Students Express ‘Grave Concern’ Regarding Financial Situation at the University of Iceland

In the wake of reports that University of Iceland is facing a deficit of as much as ISK 1 Billion [$7.02 million; €6.46 million] this year, the Student Council (SHÍ) issued a statement on Sunday expressing its “grave concern” about the situation.

“It’s clear that the lack of funding has had a serious impact on the school’s basic operations,” reads the statement, and the university council has, as a result, “approved austerity measures that include, among other things, teaching cuts and hiring freezes.” With even further cuts on the horizon for the 2024-25 academic year, the student council fears that the university will be unable to maintain comparable standards to other Nordic universities or adequately prepare its graduates to be competitive on the international labour market.

Stated goals not in line with existing funding

SHÍ says it has been vocal about its concerns regarding funding at the university on a number of occasions, most recently in its comment on HÍ’s 2023 budget. SHÍ’s president has also “repeatedly raised the issue and the seriousness of the situation with the Minister of Higher Education, Science, and Innovation, as well as the fact that the university budget does not correspond to the priorities or goals that the new Ministry of Higher Education has outlined.”

“It defies logic that at the same time calls are being made for an increase in the number of students in the health sciences that the School of Health Sciences has a deficit of ISK 240 million [$1.69 million; €1.55 million] and that goals are being set for increased STEM course offerings while at the same time, the School of Engineering and Natural Sciences has had to significantly reduce teaching due to lack of funding.”

‘The University has fallen in international rankings’

“The University of Iceland plays an important role in Icelandic society and is one of the world’s leading universities,” continues the statement,  “but the fact is that due to a lack of adequate funding for research and teaching, the school has fallen in international rankings,”

“Immediate action needs to be taken to foster the foundations of the educational system and strengthen it for the future. SHÍ agrees joins the university council in urging the government to accelerate its review of the university’s operations model such that the funding for public university education is in line with those in comparable countries.”

The current state of affairs is contrary to what the government has declared to be its policy regarding higher education in Iceland, says SHÍ, namely that it will “aim for comparable funding of universities in Iceland as is observed in the other Nordic countries.” SHÍ calls for the government to develop an operations model for the university that is not subject to dramatic fluctuation by increasing incentives and fixed funding for universities.

“The Student Council demands that the government live up to its constitutional obligation and significantly increase funding for public university education,” concludes the statement. “It is essential to Icelandic society, and will improve standards of living, value creation, and the competitiveness of the educational system, as well as Icelandic society on the international stage.”

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