Full-time studies for one academic year at the University of Iceland count as 60 credits, 30 credits each semester. UI credits are equal to ECTS credits (European Credit Transfer and Accumulation System). Credit system Courses are assigned credits in accordance with their internal weight and the total of all course credits for the same instructional year is 60, or 30 per semester. The division of credits between semesters can differ in individual circumstances, for instance 28/32 instead of 30/30. Even though full-time studies amount to 30 credits per semester, a student is permitted to register for up to 40 credits per semester. In most cases, BA, B.Ed. or BS degree programmes require 180 ECTS credits (3 years). The BS degree in Nursing amounts to 240 ECTS (4 years). Students opting for a 120 ECTS major in a given subject must also select and complete a 60 ECTS minor, in order to graduate with a 180 ECTS Bachelor's degree. See further information on credit assessment and ECTS in the Course Catalogue. Grades Grades are awarded in whole numbers, or whole and half numbers, from 0-10. The main grade is the weighted average of all final grades and it is calculated to two decimal points. Grades on the scale of 9.00 to 10.00 are First Class with Distinction 7.25-8.99 are First Class 6.00-7.24 are Second Class 5.00-5.99 are Third Class. A student is not considered to have passed a course unless the grade is 5.0. In accordance with the Regulation for the University of Iceland, no. 569/2009, faculties may allow exceptions in individual examinations, examination parts or examination categories, which may require a higher or lower minimum grade. Such exceptions must be stipulated in the regulations applying to the respective faculty. Special faculty provisions for minimum grades higher or lower than 5.0 in specific examinations, examination parts or examination categories are valid only for students of the respective faculty. Students access their grades through the Ugla intranet, under My Ugla → My courses. Students can request printed, standardised academic transcripts from the University Centre Service Desk and the Student Registration. Further information regarding assessment, grading and examinations can be found in individual school and faculty chapters in the Course Catalogue. Further information Credit transfer facebooklinkedintwitter