university of akureyri

Erasmus - Help me! D:

Finally Erasmus destinations for next year have been released and among the choices there is Akureyri University, in Iceland.
I am thrilled by the idea of spending six months abroad, but it would be a very expensive experience to undertake and I would like to consider every aspect of it before submitting my application.
So, is there anyone who could tell me about Akureyri, university environment and the general cost of life?
Any piece of info would be extremely useful for me, so please, even if you have never heard of Akureyri before just reblog and spread the word! ;)