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New students are enrolled in a program once the confirmation and school fees have been paid. If the department decides to accept a student after the formal enrollment has been completed, the student will be given access to the teaching system as soon as the confirmation and school fees have been paid.

Tuition fees for new undergraduate students are always based on full study, except when the defined study plan allows for fewer than 17 ECTS credits in the first semester.

If the student does not pay the confirmation fee, the person's application will be cancelled.

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

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 the study has no interruptions. 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. However, graduate programmes are three semesters for the School of Business, except for the Executive 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
  • Please visit their website for information about the Icelandic Students´ Loans Fund (LÍN).
  • 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
  • Please visit their website for information about the Icelandic Students' Loans Fund (LÍN).
Tuition payment dates
SEMESTERDUE DATE
Spring 2025January 13th, 2025
Summer 2025May 21st, 2025
Fall 2025August 18th, 2025
Summer 2026May 19th, 2026

* Tuition fees 2024-2025/ 2025 - 2026, 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

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

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