Tuition Fees

Tuition fees 2023 - 2024

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 the study. If there is an interruption in the 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). 

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 the study. If there is an interruption in the 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 the School of Business, however, graduate programmes are three semesters, except MBA).

Fees are stated in Icelandic Krona (ISK).

Fee status

  • The tuition fee 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 65,000 ISK to confirm their place at Reykjavik University.

Confirmation fee payment deadlines:

  • Fall 2023 – all students July 3rd 2023
  • Spring 2024 – all students December 15th 2023

Studies Icelandic krona - ISK*                      
All studies (except MBA, MPM, and ISE**)                                                65,000
MBA and MPM 160,000 

* Tuition fees 2023-2024, per semester. Tuition fees are reviewed annually.
** The Iceland School of Energy (ISE) uses two confirmation fees; please check the ISE tuition page. 

To confirm your place in a programme, you must pay the confirmation fees 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. 

The 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 the 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, the intranet, and 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. 

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 2022-2023 and 2023-2024.

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 are not initially paying full-time tuition fees. 

  • Requests for changes in course registration should be sent to: registry@ru.is

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.

Tuition fees for students who have started studying at the school generally do not increase beyond general price increases until the degree is completed in continuous study. This insurance is valid for up to three years after the student enrols in the relevant degree (it can be longer if the degree is not offered within three years). See the price list of school fees in a table with the amount of school fees and percentage, etc., listed units.

Tuition fees for students who have started studying at the school generally do not increase beyond CPI (Consumer Price Index) related price increases until the degree is completed in continuous study.

  • Any questions regarding tuition fee rules should be directed to: innheimta@ru.is 

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