Students, faculty, and other staff at the University of Iceland can apply for grants from funds operated at the University.
There are, on the one hand, funds that allocate grants for scientific research mostly targeted at doctoral students and research scholars at the University of Iceland.
On the other hand, there are University of Iceland scholarship funds with over sixty funds and gifts that have been bequeathed to the University since its foundation in 1911. The funds are intended to support various projects in specific fields of study, for the benefit of the University of Iceland, students or staff.
University students can, furthermore, apply for Erasmus+ and Nordplus grants for exchange studies abroad.