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Erasmus+ grants for exchange programmes

During exchange studies, tuition fees at the host institution are waived, but students pay the annual registration fee at the University of Iceland. If applying for Erasmus+ exchange studies, students automatically apply for travel and subsistence grants. 
  • The subsistence grant for longer stays are from 550-700€ a month.
  • For shorter stays (5-14 days) the grant is 79€ a day and from then onwards (15-30 days) the grant is 56€ a day. The maximum number of funded days for shorter stays are 30 days. 
  • The travel grants are from 309-1735€ depending on the destination.

If the travel grant only covers 70% of actual travel costs or less, even though you have chosen the most economical way of travelling, you may apply for additional support for expensive travel. If approved, the increased travel grant will cover up to a maximum of 80% of actual travel costs.

If the participant demonstrates that the main mode of travel has been environmentally friendly (based on the number of kilometers), an additional grant of between 30-80€ is provided.

Students may apply for a top-up grant for students with fewer opportunities. Those who are eligible receive a top-up amount to the subsistence grant. 

Students may be eligible for inclusion grants due to disability/illness.

UI students can apply for Erasmus+ travel and subsistence grant for exchange at select partner universities in countries outside the EU for the 2025-26 academic year.

Information on Erasmus+ grants to the UK and countries outside of Europe
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