New Jersey Institute of Technology
Newark, NJ, USA

Tuition, Cost & Aid

Affordability and Cost

Average Net Price Average net price for full-time, first-time degree/certificate-seeking undergraduates paying the in-state or in-district tuition rate who were awarded grant or scholarship aid from federal, state or local governments, or the institution. Other sources of grant aid are excluded. Aid awarded anytime during the full aid year is included.

Average net price is generated by subtracting the average amount of federal, state or local government, or institutional grant and scholarship aid from the total cost of attendance. Total cost of attendance is the sum of published tuition and required fees (lower of in-district or in-state), books and supplies and the weighted average room and board and other expenses.
$19,409
Calculate your net cost
Average Net Price By Family Income
Income
Average Amount
< $30k
$12,860
$30k - $48k
$16,426
$48k - $75k
$20,229
$75k - $110k
$24,317
$110k+
$25,991
Tuition
In-State Tuition In-state tuition is the tuition charged by institutions to those students who meet the state's or institution's residency requirements. In-district tuition is the tuition charged by the institution to those students residing in the locality in which they attend school and may be a lower rate than in-state tuition if offered by the institution.
$17,338
Out-of-State Tuition Out-of-state tuition is the tuition charged by institutions to those students who do not meet the state’s or institution’s residency requirements. Out-of-district tuition is the tuition charged by the institution to those students not residing in the locality in which they attend school.
$32,750
Additional Costs
Room and Board The weighted average for room and board and other expenses is generated as follows:
  • (amount for on-campus room, board and other expenses * # of students living on-campus.
  • + amount for off-campus (with family) room, board and other expenses * # of students living off-campus with family
  • + amount for off-campus (not with family) room, board and other expenses * # of students living off-campus not with family)
divided by the total # of students. Students whose living arrangements are unknown are excluded from the calculation. For some institutions the # of students by living arrangement will be known, but dollar amounts will not be known. In this case the # of students with no corresponding dollar amount will be excluded from the denominator.
$13,600
Books and Supplies
$2,900
Tuition Payment Plan
Yes
Financial Aid: visit page
Financial Aid Email: finaid@njit.edu

Aid & Grants

0
100
57%
Need Met
Students Receiving Gift Aid Percent of undergraduate students awarded federal gift aid. Federal gift aid includes any grant or scholarship aid awarded, from the federal government, a state or local government, the institution, and other sources known by the institution.
35%
Average Aid Per Year
$13,782
Students Receiving Grants Percent of undergraduate students awarded grant aid. Grant aid includes any grant or scholarship aid awarded, from the federal government, a state or local government, the institution, and other sources known by the institution.
35%
Average Federal Grant Aid Per Year
$4,757
Average Institution Grant Aid Per Year
$11,135
Students receiving state aid
27%
Average State Grant Aid Per Year
$8,716
Students receiving federal aid
30%
Average Federal Grant Aid Per Year
$4,757
Total Needs Based Scholarships/Grants Total amount of grant or scholarship aid awarded to all undergraduates from the federal government, state/local government, the institution, and other sources known to the institution.
$1,477,634
Total Non-Need-Based Scholarships/Grants
$14,019,829

Student Loans

Students Borrowing Loans Loans to students - Any monies that must be repaid to the lending institution for which the student is the designated borrower. Includes all Title IV subsidized and unsubsidized loans and all institutionally- and privately-sponsored loans. Does not include PLUS and other loans made directly to parents.
47%
Average Loan Amount Per Year
$7,994
Students receiving federal loans
45%
Average Federal Loans Per Year
$5,145
Average Other Loans Per Year
$15,651
Average Debt at Graduation The median federal debt of undergraduate borrowers who graduated. This figure includes only federal loans; it excludes private student loans and Parent PLUS loans.
$18,250
Loan Default Rate
5%
US National: 7%
Median Monthly Loan Payment The median monthly loan payment for student borrowers who completed, if it were repaid over 10 years at a 5.05% interest rate.
$247

What Students Are Saying

3.53 Average Rating
Its the cheapest college you'll find with the most money awarded, a lot of my friends are going to college here for free. Plus, you can score a decent job that pays well when you leave.
Adel from Newark, NJ
There are a few good places to eat like around rutgers, which is directly next to the campus. There are not a lot of places to eat like other schools, but there is enough to have a few choices.
Brandon from Stanhope, NJ
Many students attending NJIT accredit that to their Financial Aid Package and I couldn't agree more. The money that they give to students is AMAZING!! I advise that you keep tabs on your Financial Statement. This is at the top of the list along with your academics to keep track of.

If you're a student who's not financially stable, HIGHLY apply for EOP as spots fill up quickly. EOP also allows for amazing discounts and a wider range of friends early on in the year.

There are professional organizations such as the National Society of Black Engineers (NSBE), Society of Women Engineers (SWE), and Society of Hispanic Profession Engineers (SHPE). They have career fairs and scholarships that allows for even more money to come your way.
DJP from Englewood, NJ
An affordable tution for an education you can't afford to pass up.
Kevin from Long Branch, NJ

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