Students who are offered a place for full-time graduate studies at Reykjavik University and who are selected as beneficiaries of the Loan-Scholarship Program of COLFUTURO will be eligible or considered for the shared financing under this agreement.

Reykjavik University will provide a scholarship of 25 % deduction of the tuition fee for non EU/EEA citizens. This scholarship is valid for four (4) eligible students each school year.

Reykjavik University will offer this financial support for Master's students for a period of two (2) years and for PhD students for four (4) years.