History
The University of Iceland was founded by the Alþingi on June 17, 1911, uniting three former post-secondary institutions: Prestaskólinn, Læknaskólinn and Lagaskólinn, which taught theology, medicine and law, respectively. The university originally had only faculties for these three fields, in addition to a faculty of humanities. During its first year of operation 45 students were enrolled. The first Rector of the university was Björn M. Ólsen, a professor in the faculty of humanities.
For its first 29 years the University was housed in the Icelandic Parliament building, Alþingishúsið, in central Reykjavík. In 1933, the university received a special licence from Alþingi to operate a cash-prize lottery called Happdrætti Háskólans. The University Lottery, which started in 1934, remains a major source of funding for the construction of new university buildings. In 1940, the university moved into the main building, designed by Icelandic state architect Guðjón Samúelsson. The main building forms the core of the university campus on Suðurgata, where most of the principal buildings of the university are located today.
In recent years there has been some major restructuring. In 2008 the university was divided into five different schools. Simultaneously, Iceland University of Education was merged with the University of Iceland to become its School of Education. Increased competition from local colleges has encouraged the university to greatly improve its marketing strategies, which had previously been deemed unnecessary.
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