While Iceland may be lesser-known compared to other Nordic nations, it’s gaining popularity among Indian students for its sustainable living, unique programs, and growing internationalization. Tuition fees in Iceland are modest, and several scholarships in Iceland can help reduce the cost of education, especially for postgraduate programs.
Here’s a complete guide to scholarships in Iceland for Indian students, including funding options, universities, and tips to maximize your chances.
Why Study in Iceland?
| Feature | Why It Matters |
|---|---|
| Tuition-Free Public Universities | No tuition fees at most public universities (just small registration fees) |
| English-Taught Programs | 200+ programs at master’s and PhD levels |
| Sustainability & Research Focus | Climate change, Arctic studies, geothermal energy, marine sciences |
| Safe, Peaceful Country | Low population, high safety, and progressive society |
| Post-Study Work Opportunities | Work permits available after securing a job |
Top Scholarships in Iceland for Indian Students
Icelandic Government Scholarships (Árni Magnússon Institute)
| Offered By | Icelandic Ministry of Education via Árni Magnússon Institute |
|---|---|
| For | Language and culture studies (not degree-based) |
| Covers | Monthly stipend (ISK 150,000), accommodation support |
| Deadline | Usually by December (for next academic year) |
This is ideal for students of Icelandic literature, history, or linguistics, not general degree programs.
University of Iceland – Eimskip Fund & Other Internal Grants
| University | University of Iceland |
|---|---|
| Scholarships | Tuition waivers, travel grants, project funding |
| Eligibility | Mainly for research master’s or PhD students |
| Application | Through departments or during admission cycle |
Some faculties (e.g., engineering, natural sciences) may offer research assistantships with stipends.
Reykjavík University Scholarships
| Type | Academic Excellence Scholarships |
|---|---|
| Coverage | 25%–100% tuition fee waivers for bachelor’s and master’s |
| Eligibility | High academic standing; strong English proficiency |
| Application | Automatically considered during admission |
Programs in engineering, computer science, business, and law have international appeal.
PhD Funding – Fully Funded Positions
PhD students in Iceland are often employed by the university or research grant and receive:
| Coverage | Monthly salary, insurance, travel, and project funding |
|---|---|
| Where to Find | University websites, EURAXESS, research portals |
| Fields | Marine science, geophysics, climate research, AI, law |
External Scholarships For Studying In Iceland (India-based)
Indian students applying to Iceland may also explore:
| Scholarship | Coverage |
|---|---|
| Inlaks Foundation | Tuition + living (select fields/universities) |
| JN Tata Endowment | Loan-based scholarship for overseas study |
| KC Mahindra Fellows | Upto ₹20 lakh for PG studies abroad |
Tuition & Cost Overview (Iceland)
| Expense | Approx. Amount/year | INR Equivalent |
|---|---|---|
| Tuition Fees (public) | €0 (registration fee ~€600) | ₹50,000 |
| Tuition Fees (private) | €3,000–€8,000 | ₹2.5–6.5 lakh |
| Living Expenses | €10,000–€12,000 | ₹8.5–10.5 lakh |
| Visa/Permit Costs | ~€90 | ~₹8,000 |
Scholarship & Application Timeline – 2025 Intake
| Stage | Timeline |
|---|---|
| Program Research | August – October 2024 |
| University Applications | November 2024 – January 2025 |
| Scholarship Applications | Parallel or by early 2025 |
| Admission Results | March – April 2025 |
| Visa Filing | May – July 2025 |
| Semester Begins | August/September 2025 |
Tips to Boost Your Scholarship in Iceland Chances
- Maintain academic scores of 75%+ in bachelor’s or previous degree
- Apply early and email faculty for research assistantships
- Highlight alignment with Icelandic research interests (e.g., renewable energy, Arctic studies)
- Explore PhD projects funded by EU/Nordic agencies
- Join online info sessions held by Icelandic universities
You Might Also Like: Scholarships in Finland for Indian Students
Need Personalized Help For Scholarships in Iceland
From Reykjavík to Akureyri, Admitix supports Indian students with:
- Shortlisting universities & funded programs
- SOP/LOR support tailored for Nordic research focus
- Faculty outreach strategy for RA/PhD positions
- Visa, proof of funds & relocation guidance
Book your free consult today to explore education in Iceland with scholarships!
FAQs – Scholarships in Iceland for Indian Students
Q. Are studies in Iceland completely free?
Public universities don’t charge tuition, but you pay a small registration fee. Private institutions may charge fees.
Q. Can I get a full scholarship for master’s in Iceland?
Yes, especially at Reykjavík University or via funded research positions. Government scholarships are limited.
Q. Are there scholarships for PhD students?
Yes. Most PhD positions are fully funded as employment contracts.
Q. What about part-time work?
International students can work up to 15–20 hours per week with a residence permit.