| Money you must show | ISK 259,951 a month for as long as the permit is valid In force from 18 May 2026. About ISK 3,119,412 for a twelve-month permit (our calculation). Non-EEA students only. Source: Directorate of Immigration (Útlendingastofnun), island.is, checked 30 October 2026 |
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| Visa fee | ISK 70,000 residence permit processing fee This is the fee for the student residence permit application. We did not find a separate visa fee for students. Source: Directorate of Immigration, island.is, checked 30 October 2026 |
| Work while you study | Up to 60% of full-time employment, no work permit needed More is allowed in scheduled breaks between terms and during formal workplace training. The 60% is across all employers combined. Source: Directorate of Immigration, island.is, checked 30 October 2026 |
| Stay after you graduate | Up to 18 months to seek employment For bachelor's, master's or doctoral graduates of an Icelandic university. Cut from up to three years under rules in force from 8 July 2026. Source: Directorate of Immigration, island.is, checked 30 October 2026 |