[jpwright]

That may have something to do with college (at least public universities) being free in Iceland and outrageously expensive in the United States.

[Hansi]

That's a good point, I didn't go to a public one but even then the fees were easily covered by working full time during summer and part time along side uni: http://en.ru.is/studies/tuition-fees/ (~1500USD).

Unfortunately my MSc in the UK wasn't that cheap like that; ~26K GBP (42 USD) still paid my own mobile bill then.