Óskandi was founded in the spring of 2019 by Guðrún Óskarsdóttir. The school is an independent unit under Dansgarðurinn and is in collaboration with Klassíski listdansskólinn. The school was called Ballettskóli Guðbjörg Björgvins for 37 years, or from 1982 - 2019. It was run by Guðbjörg Björgvins until the spring of 2018 and then Dansgarðurinn - Klassíski listdansskólinn 2018 - 2019.
Óskandi offers a variety of dance studies where the school's goal is to offer a professional, maturing and constructive environment; open the mind to creativity, new thinking, increase social skills, motor skills and self-confidence, train skills in analyzing emotions and critical thinking. The pedagogy of Anne Green Gilbert is used and the undergraduate program is taught according to the National Curriculum Guide.
The name Óskandi consists of wish and spirit. A óska is derived from wishing, but also a reference to the father's name Óskarsdóttir. Andi is a translation of spirit and a reference to the atmosphere, where one of the school's main goals is to offer a constructive, positive and pleasant atmosphere where everyone has the opportunity to be themselves.