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53 Affordable Master's degrees in Iceland
When searching for affordable master's degrees, international students often look for programmes that offer quality education without breaking the bank. In our system, any master’s programme with tuition fees ranging from 0 to 2,500 euros per year is considered affordable. Iceland, a small yet academically rich nation, stands out as an excellent destination for budget-conscious students. Here, affordable master's programmes can start from €0, meaning tuition-free education is available. This makes Iceland incredibly appealing for students searching for cheap master's degrees. With several top universities in Iceland offering such programmes, international students can pursue their academic goals without the burden of high tuition fees. For those considering a cheap master degree in Iceland, it's worth exploring the top universities in Iceland to find the perfect fit for their budget and academic aspirations.
Anthropology
In the Anthropology programme at University of Iceland students are trained in a range of research methods and are free to choose research topics that suit their interests.
Design and New Environments
Design and New Environments program of Iceland University of the Arts brings together multiple practices: design, media studies, social sciences and natural sciences.
Sociology
The Sociology programme at University of Iceland has the ambition to offer vigorous and challenging studies. The goal is that students graduating from the faculty have a solid education, which will provide many opportunities upon completion of studies.

Coastal and Marine Management
Coastal and Marine Management from University Centre of the Westfjords is especially built on the principle and practice of biology, sociology and economics
Public Health Sciences
The Public Health Sciences programme at University of Iceland provides training in conducting and interpreting research into health and health factors, as well as an understanding of how to implement health promotion initiatives.
Computational Engineering
The Computational Engineering at University of Iceland is a two-year graduate study programme in computational engineering at the Faculty of Industrial Engineering, Mechanical Engineering and Computer Science, School of Engineering and Natural Sciences.
Applied Biotechnology
The Applied Biotechnology program at University of Iceland is an interdisciplinary program within the field of biology, chemistry, pharmaceutical science and engineering. The program is aimed towards the increased need for specialized staff, trained in biotechnical methods.
Environmental Engineering
Graduates of the Environmental Engineering program at University of Iceland possess significant understanding of problems and subjects, based on the most recent information and research in the field of environmental engineering.
Electrical and Computer Engineering
With the emergence of new knowledge in information technology the overlap with communication technology has become ever clearer. The Electrical and Computer Engineering program at the University of Iceland emphasises foundational knowledge in communication technology, which Electrical and Computer Engineering students can synthesise, with information technology through diverse courses on offer.
Performing Arts
The Performing Arts programme of Iceland University of the Arts is a question-led study that supports performance-related artists and art professionals to experiment and develop as practitioners and researchers through rigorous mentoring, extensive workshops and encounters with leading artists, thinkers and curators from around the world – as well as intensive peer-to-peer exchange.
Composition
The Composition program of Iceland University of the Arts provides the student with the means to establish and develop his/her area of speciality as a composer.
Mechanical Engineering
Graduates of the Mechanical Engineering program at University of Iceland possess significant understanding of problems and subjects, based on the most recent information and research in the field of Mechanical Engineering.
The Small State Studies - Small States in the International Systems
The Small State Studies - Small States in the International Systems programme at University of Iceland offers a detailed study of small state theories based on the literature on the state and the international system. It also emphasizes the opportunities and constraints facing small states in Europe.
Computer Science
The Master's programme in Computer Science from University of Iceland teaches students about the impact of computer technology on society and how it is used in various areas.
West Nordic Studies
The objective of the West Nordic Studies programme at University of Iceland is to increase knowledge of the common issues of the area. The aim is to graduate candidates that can understand and meet the complicated challenges of coastal Norway, Iceland, Greenland and the Faroe Islands (the Nora region) as part of the Circumpolar North complexities and are able to strengthen networking in the area.
Physics
Graduates of the Physics program at University of Iceland possess significant understanding of problems and subjects, based on the most recent information and research in the field of Physics.
Environment and Natural Resources
The Environment and Natural Resources programme at University of Iceland is a unique interdisciplinary and international programme that provides academic insight into the various aspects of environmental issues and the utilisation of natural resources.
Medieval Icelandic Studies
The Medieval Icelandic Studies programme at the University of Iceland is designed for international students who hold a bachelor’s degree with a medieval component in at least one of the following areas: literature, history, religion, linguistics, anthropology, archaeology, art history or folklore. The medieval component is typically a university course with a medieval element.
Medical Life Sciences
Do you want to deepen your knowledge in a chosen field within medical life sciences? Do you want to work on your research skills and scientific practices? Check out this Medical Life Sciences programme at University of Iceland!
Geography
Graduates of the Geography program at University of Iceland possess significant understanding of problems and subjects, based on the most recent information and research in the field of geography.
Frequently Asked Questions
To qualify for a master's programme in Iceland, you need to hold a recognised bachelor's degree in a relevant field. Most programmes require a minimum of a 2:2 (or equivalent) from an accredited institution. Additionally, you'll need to submit a comprehensive application, which typically includes academic transcripts, a personal statement, and letters of recommendation. English language proficiency is also crucial, often demonstrated through tests like IELTS or TOEFL. For specific programme requirements, visit the individual university's website. Iceland offers a range of affordable master's degrees, making it an attractive destination for international students seeking quality education without breaking the bank.
Iceland is home to several prestigious universities that offer high-quality, affordable master's programmes. The top universities in Iceland include Reykjavík University, the University of Iceland, and the University Centre of the Westfjords. These institutions are renowned for their academic excellence and innovative research. Reykjavík University, for instance, is known for its strong programmes in technology and business, while the University of Iceland offers a wide range of disciplines. The University Centre of the Westfjords is unique for its focus on sustainable development and rural innovation. Each of these universities provides budget-friendly options for international students.
Master's degrees in Iceland are remarkably affordable due to significant government funding and subsidies. The Icelandic government is committed to making higher education accessible, which results in low tuition fees for both domestic and international students. Additionally, the country's strong economy and high standard of living contribute to the overall affordability of education. This makes Iceland an attractive destination for students seeking quality education without the high costs associated with other European countries. With tuition fees often under €2,500 per year, Iceland offers a cost-effective solution for pursuing a master's degree.
Most master's programmes in Iceland are taught in English, making them accessible to international students. To enrol in these programmes, you'll need to demonstrate English language proficiency. This is typically done through standardised tests such as IELTS or TOEFL. Minimum score requirements vary by programme, but generally, a score of 6.5 on IELTS or 80 on TOEFL is common. Some programmes may also accept other recognised English language tests. It's important to check the specific language requirements for your chosen programme to ensure you meet the criteria for admission.
Yes, international students in Iceland are allowed to work part-time while pursuing their studies. You can work up to 20 hours per week during the academic term and full-time during holidays. This provides an opportunity to gain work experience and help cover living expenses. However, it's important to balance work with your studies to ensure academic success. Many students find part-time jobs in areas related to their field of study, which can be beneficial for their career prospects. Always check the specific work regulations and permits required for international students in Iceland.
While tuition fees for master's programmes in Iceland are low, there are other costs to consider. Living expenses, including accommodation, food, transportation, and personal expenses, can add up. On average, students should budget around €800 to €1,200 per month for living costs in Reykjavik. Additionally, you'll need to factor in the cost of health insurance, which is mandatory for all residents in Iceland. Application fees and the cost of obtaining a student visa are also considerations. It's important to plan your finances carefully to ensure you can cover all expenses while studying in Iceland.