Hólar in Hjaltadalur has a long history of schools and education. Bishop Jón Ögmundsson's cathedral school was founded in 1106, and after the Reformation in 1550 the school was converted to a Latin school that remained in operation until 1801. In 1882 an agricultural school was established at Hólar, and Hólar University College traces its roots to that institution. During the past 15 years, the school at Hólar has developed from a conventional agricultural school to a modern university-level institution. In 2003, the College was granted permission to graduate students with an undergraduate degree, and on 1 July 2007 Hólar University College formally commenced operations.