The Ægir Student Association is run by the student community of the University Center of the Westfjords. It gets passed on between cohorts every acadmic year and is entirely in students' hands. Its intention is to provide an insight into student life, organize student events and build relationships with the local community of Ísafjörður.

Ægir was the giant Norse spirit of the sea, and as a master brewer he was also chief party organizer for the gods of Valhalla.