New Jersey Institute of Technology – Tuition & Success Analysis
Newark, NJ
New Jersey Institute of Technology – Snapshot
Four-Year Public University
Undergraduate Enrollment: 7,336
Average annual cost of attendance: $18,544
(National Median: $15,523)
Median student debt for loan recipients: $23,261
Campus Setting: Large City
Religious Affiliation: None
Visit the New Jersey Institute of Technology Website
New Jersey Institute of Technology Tuition based on Family Income
For a family income of $0 to $30,000 the average cost is $12,355
For a family income of $30,001 to $48,000 the average cost is $14,801
For a family income of $48,001 to $75,000 the average cost is $19,550
For a family income of $75,001 to $110,000 the average cost is $22,825
For a family income above $110,000 the average cost is $24,220
The “average cost” shown here is a NET cost and reflects the tuition cost after financial aid is taken into account, as reported by New Jersey Institute of Technology. This average is based on the students who receive grant or scholarship aid. In-state tuition is used for public schools.
Visit the New Jersey Institute of Technology
Financial Aid Website
New Jersey Institute of Technology Graduate Success
Graduation rate: 61%
(National Median: 49%)
Students returning after first year: 88%
(National Median: 68%)
Median annual earnings (10 years after first attending): $68,500
(National Median: $33,028. The salary data measures salaries of students who received federal student aid. The Salary data does not break down earnings or graduation rates by major, or by state—an important consideration, since salaries can vary widely depending on geographical region. )
Percentage earning above a high school graduate (6 years after first enrolled): 80%
New Jersey Institute of Technology Admissions
New Jersey Institute of Technology Acceptance Rate: 59%
Half of the recent accepted students had test scores in the range of:
SAT Math: 590 to 680
SAT Critical Reading: 520 to 630
SAT Writing: 510 to 630
ACT English: 22 to 29
ACT Math: 25 to 30
ACT Writing: N/A to N/A
Twenty-five percent of students accepted to New Jersey Institute of Technology actually performed better than the range reported above. Another twenty-five percent had scores below the reported range.
New Jersey Institute of Technology Student Debt
Percentage of students awarded Pell Grants: 36%
Percentage of students receiving federal student loans: 45%
Typical student debt: $23,261
Typical monthly loan payment: $247
Before you take out student loans, make sure you have exhausted your scholarship search. We have over 3 billion dollars of scholarships listed on our site. There’s plenty of money available to help fund your education.
Scholarships for Students Residing in New Jersey
Other Scholarships for Students Attending New Jersey Institute of Technology
Majors at New Jersey Institute of Technology
These are the most popular areas of study offered at New Jersey Institute of Technology:
- Architecture and Related Services – 10%
- Biological and Biomedical Sciences – 5%
- Business, Management, Marketing, and Related Support Services – 7%
- Communications Technologies/Technicians and Support Services – 1%
- Computer and Information Sciences and Support Services – 18%
- Engineering – 39%
- Engineering Technologies and Engineering-Related Fields – 14%
- English Language and Literature/Letters – 1%
- Mathematics and Statistics – 2%
- Physical Sciences – 1%
- Visual and Performing Arts – 1%
For more information about the various majors at New Jersey Institute of Technology, visit their website.
New Jersey Institute of Technology Diversity
Overall Composition at New Jersey Institute of Technology
Percentage of Undergraduate Students who attend New Jersey Institute of Technology full time: 84%
Percentage of Undergraduate Students who attend New Jersey Institute of Technology part time: 16%
Percentage of Undergraduate Students who are twenty-five years old, or older at New Jersey Institute of Technology: 17%
Racial Diversity Composition
American Indian/Alaska Native: 0%
Asian: 22%
Black: 8%
Hispanic: 21%
Native Hawaiian/Pacific Islander: 0%
Non-resident alien: 5%
Two or more races: 3%
Unknown: 6%
White: 34%
New Jersey Institute of Technology Success Ratios
TUN ratios to help compare schools
Earnings to Debt Ratio: 2.9
The median earnings 10 years after start of attending school divided by the median federal debt of borrowers who graduated. TUN found an average of 2.5 based on data of 3,210 schools.
Earnings to Tuition Ratio: 3.7
The median earnings 10 years after start of attending school divided by the average annual cost of attendance that financial aid recipients incurred. TUN found an average of 3.0 based on data of 3,337 schools.
Monthly Liquidity Ratio: 23.1
The median monthly gross earnings 10 years after start of attending school divided by the median monthly debt payment that borrowers who graduated experience with a 10-year repayment schedule. TUN found an average of 19.3 based on data of 3,210 schools.