Students in Iceland Protest Unchanged Student Loans Skip to content

Students in Iceland Protest Unchanged Student Loans

By Iceland Review

Approximately 50 students assembled at Austurvöllur parliamentary square yesterday to express their dissatisfaction with the student fund agreement signed by the majority of the board of the Student Loan Fund (LÍN) earlier in the day on not increasing student loans.

Reykjavík University. Photo by Páll Stefánsson.

The representatives of students who have a seat on the board did not sign the agreement, Fréttabladid reports.

Chairwoman of the Student Council Hildur Björnsdóttir said students plan to discuss the matter with Minister of Education Katrín Jakobsdóttir after she comes from a cabinet meeting today.

“She is going to propose a transference in the system so that the Student Loan Fund can get more funding and then this might be changed somewhat,” Björnsdóttir said.

Björnsdóttir stated that the new agreement had taken students by surprise after extensive discussions on the necessity to increase student loans to a comparable level of the minimum unemployment benefits, ISK 150,000 per month (USD 1,700, EUR 830).

“Then this news comes right out of nowhere,” Björnsdóttir commented on the new agreement, which doesn’t take into account any changes to the living costs of students.

Click here to read more about the problems facing the student community in Iceland.

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