Grants are awarded for one, two or three years and are paid monthly in advance. The sum of a grant is ISK 425.000 per month (2019). A payment contract is made with the University of Iceland Division of Science and Innovation on the one hand, and between the supervisor and the student on the other. Grants from the University of Iceland Eimskip Fund are paid from Landsbankinn, but the University of Iceland pays grants from the University of Iceland Research Fund and trust funds. Grants are either transferred directly into the student's bank account in which it is the student's responsibility to manage taxes and other fees, or an employment contract, based on the grant contract, is made between the student in question and School / Institute administration, thus the grant being paid in the form of salary.
Procedures for a doctoral grant