The University of Iceland receives the second lowest levels of funding of all Universities in Europe according to an evaluation report by the European University Association (EUA). The Icelandic National Broadcasting Service reports that the only university with less funding is the University of Croatia.
Professor Tove Bull, chair of the EUA evaluation group, said that even though the University of Iceland receives low funding the quality of the research programs are high. She said that it was necessary to increase Ph.D. candidates at the University.
Kristín Ingólfsdóttir, the rector of University of Iceland, said that she wants to five-fold the number of university Ph.D. candidates in the next five years. Tove Bull said that research programs give a measure of the quality of the institution; therefore Ph.D. candidates were important. Iceland’s minister of education said that the goal was to increase funding to the University of Iceland.
Iceland currently has eight universities: the University of Iceland; Reykjavík University; Akureyri University; University at Hólar; the Icelandic University of Agriculture; Bifröst School of Business; Iceland Academy of the Arts and the Iceland University of Education.