Sources of funding for the University of Iceland

There are two main sources of funding for the University of Iceland: one is state funding, and the other is lottery income. In 24, the state allocated about $83.15 million. Lottery revenue is used exclusively for the construction of school buildings. In addition, the research funds of various research institutes come from different channels: state grants, national science funds, university science funds, companies and international organizations. In 25, the total funding of the Institute of Natural Sciences was US$ 7.5 million (US$ 7, per capita), of which the state allocated 414.4 million Icelandic kroner (equivalent to US$ 6.6 million). Except for individual disciplines (dentistry, business administration, etc.), the University of Iceland does not charge tuition fees, and only needs to pay a registration fee of $5 per semester, but the rest of the fees (teaching materials, accommodation, etc.) are self-care without any funding. The government can provide low-interest loans to help students study according to their academic performance. All subjects except foreign language majors are taught in Icelandic. Foreign students who want to study at the University of Iceland and get any degree must first study Icelandic for more than two years and pass the exam before they can enter the formal professional study (short-term learners do not need to learn Icelandic). Foreigners must fill in the application form for admission before the end of February each year and send it to the International Department of Iceland University. Admission notices will be issued in early June and classes will start in early September. At present, most majors in the University of Iceland offer master's and doctor's degree courses. Some disciplines, such as natural science and industrial engineering, need to complete some courses abroad before they can be awarded doctoral degrees. At present, except for some majors in the Department of Art and the Department of Geology, all other disciplines are only awarded bachelor's and master's degrees or equivalent degrees, but the university encourages mature disciplines to set up doctoral programs.