The University of Akureyri (Háskólinn á Akureyri) is a young institution, founded on September 5, 1987 in the city of Akureyri in the north part of Iceland. It has grown since then, especially in the last few years as more facilities have been established. 1,382 students attended the university in the autumn semester of 2007, around 450 of them doing so through distance education, making the university the largest provider of distance education in the country. Also, the enrollment at the University of Akureyri makes up 9% of the entire university enrollment in Iceland. In 1988, the library was officially added to the school. Two months after the library was added, the Student Center opened. The first class to graduate graduated in 1989, and consisted of 10 industrial management students. On January 4, 1990, the Faculty of Fisheries was established. The first master's degree students graduated February 26, 2000. These students pursued a master's degree in nursing. A new chancellor took over from Þorsteinn Gunnarsson in the 1.st of July 2009. His name is Stefán B. Sigurðsson.