Tuition Fees

Tuition fees 2020 - 2021 

Tuition fees 2019 - 2020

Undergraduate

University fees associated with university cost increases are likely to change from year to year so you should use the university fee pdf as a guide only. Once a programme is started, the tuition fee will remain the same so long as there are no interruptions in study. If there is an interruption in study, then the current tuition fees at the time of returning to studies will apply.  

Please note that tuition fees are per semester and there are two semesters in each academic year. Fees are stated in Icelandic Krona (ISK). 

For further information contact the international team at RU or admissions@ru.is.

For information about the Icelandic Students Loans Fund (LÍN), please visit their website. 

Graduate

As noted above, University fees generally do not rise above general price increases. University fees associated with university cost increases are likely to change from year to year so you should use the university fee pdf as a guide only. Once a programme is started, the tuition fee will remain the same so long as there are no interruptions in study. If there is an interruption in study, the current tuition fees at the time of returning to studies, will apply.  

Please note that tuition fees are per semester and there are generally two semesters in each academic year. For School of Business, however, graduate programmes are three semesters, except MBA).

Fees are stated in Icelandic Krona (ISK) and Euros (for comparison only). Some special programmes in the Iceland School of Energy are stated in U.S. dollars.  

Fee status

The tuition fee you are charged will depend on whether you are classified as an ‘EU', or ‘Non EU / EEA' student. 

For further information contact the international team at RU or admissions@ru.is. 

For information about the Icelandic Students Loans Fund (LÍN), please visit their website. 

Confirmation fee

All new students must pay a confirmation fee of 60,000 ISK to confirm their place at Reykjavik University.

Confirmation fee payment deadlines:

  • Spring 2021 – All students December 16th 2020
  • Fall 2020 – all students July 3rd 2020
  • For Spring 2019 semester, December 18th 2018
  • For Autumn 2019 semester, TBA

Studies Icelandic krona - ISK* Euro - €** 
All studies (except MBA
and MPM) 		 60,000450 
MBA and MPM 150,000 1,100 
* Tuition fees 2020-2021, per term. Tuition fees are reviewed annually.
** For comparison purposes only. Based on the mid exchange rate of The Central Bank of Iceland ISK on
February 18th, 2020
  

To confirm your place in a programme you must pay the confirmation fee associated with that programme before the deadline.

For further information contact the international team at RU or admissions@ru.is.

Payment information

Bank Name: Íslandsbanki

Bank account number / IBAN:  IS97 0525 2600 0231 5101 0541 90

SWIFT code: GLITISRE

Bank Address: Suðurlandsbraut 14, 108 Reykjavík, Iceland

Name of the account holder(s): Reykjavik University, Menntavegur 1, 101 Reykjavik, Iceland

Rules

Collection

Tuition fees are collected specifically for each semester. The fees are based on cash payment and shall be paid by the final due date corresponding to each semester and according to the fee list current at that time. 

Collection of tuition fees is based on the registration status of a student on the first day of a semester as per the current university fee list for that semester. 

If tuition fees are paid after the final due date, students will be required to pay a collection fee, a late-payment fee, and interest on late payments, calculated from the final tuition due date. 

Right to study

If a student does not pay their tuition fees by the final due date, the University reserves the right to cancel registration and forfeit a student's right to begin or continue studies at RU. 

If a student has not paid their tuition fees within 30 days of the final due date, they will be de-registered from their programme and all access to exams, to the intranet, and to the learning management system of the university, will be closed. 

In the event of a past due balance of tuition fees, enrolment for subsequent terms will not be allowed. 

First-year students

All first year students entering the University must pay a non-refundable confirmation fee. This payment will apply toward the University fee bill. Students will not be enrolled for courses until they have paid their confirmation and tuition fees. 

Tuition fees for first-year undergraduate students are based on full time studies, except when the prescribed set of studies specifies fewer than 17 ECTS for the semester. 

The final due date for first-year student tuition is the same as the final due date of other students, per the current fee list 2018-2019 and 2020 - 2021.

Confirmation fees are not refunded after the final due date stated on the current fee list.

First year students – late enrolment

If a department decides to admit a student after the formal enrolment period has concluded, the student will receive access to the University's learning management system after they have paid their confirmation and tuition fees.

First year students who are admitted after the final due date of the confirmation fee, as stated by the current fee list, must pay the confirmation fee within three days of receiving confirmation of admittance.

Confirmation fees collected after the final due date for confirmation fees, as stated in the current fee list, are not refundable.

Changes in course registration after the first day of a semester

Dropping courses after the first day of a semester, as stated in the current fee list, does not affect the amount of tuition fees. However, if students add courses, an increase in fees may occur if students were not initially paying full time tuition fees. 

Permission to lower and refund tuition fees

Tuition fees are non-refundable. However, under special circumstances, students may apply for a reduction or reimbursement of tuition fees. This exception only applies under extreme situations, such as in cases of serious illness. 

Each case is evaluated on an individual basis. Students who apply for reimbursement must submit a written request to the Finance Department containing an explanation of the reasons for the request. Furthermore, students must submit all appropriate certificates and documents. The application and all necessary supporting documents, such as a health certificate or other document, shall be sent to innheimta@ru.is 

Non EU/EEA Students – Refund policy

Students who have received a D visa in their passport, enabling them to enter Iceland based on their studies, are not entitled to any refund of confirmation fees or tuition fees, should they withdraw from the program.

Amount of tuition fees and guarantee of fixed price

Tuition fees are determined by the University's budget for each year. Different programmes within the University have different rules regarding fee increases, as the subjects, course material, and price to run the programmes may differ. The fees that you will need to pay will be published before the first application deadline for the programme concerned.

Students who begin a degree programme, and continue the programme without interruption until completion, are guaranteed a fixed tuition rate. For further information, please see tuition fee list at the top of this page.

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