Founded in 1918, Háskólinn á Bifröst (Bifröst University) is a non-profit private higher-education institution located in the rural setting of the small town of Borgarnes (population range of under 2,500 inhabitants), Western Region. Officially recognized by the Mennta- og menningarmálaráðuneytið (Ministry of Education, Science and Culture of Iceland), Háskólinn á Bifröst (Bifröst) is a very small coeducational Icelandic higher education institution. Háskólinn á Bifröst (Bifröst) offers courses and programs leading to officially recognized higher education degrees such as bachelor degrees, master degrees in several areas of study. This 104 years old Icelandic higher-education institution has a selective admission policy based on students' past academic record and grades. The admission rate range is 30-40% making this Icelandic higher education organization a very selective institution. International students are welcome to apply for enrollment. Bifröst also provides several academic and non-academic facilities and services to students including a library, sports facilities, study abroad and exchange programs, online courses and distance learning opportunities, as well as administrative services.