Cost & financial aid brief
New Jersey Institute of Technology Tuition, Costs & Financial Aid
How much does New Jersey Institute of Technology cost after financial aid?
Aid covers about 50% of the published cost for the average aid recipient, but the size of that reduction differs across family incomes. Average net prices range from $10,138 in the lowest income band to $27,244 in the highest, with $11,165, $15,958, and $23,152 in the bands between. The spread between the lowest and highest bands is $17,106.
The published cost of attendance at New Jersey Institute of Technology is $32,859. For families earning under $30,000, the average net price is $10,138; for families in the $48,001–$75,000 band, it is $15,958; and for families earning over $110,000, it is $27,244.
The spread between the lowest and highest bands is $17,106. Azimuth ranks New Jersey Institute of Technology #439 for affordability among nonprofit four-year institutions.
Aid covers about 50% of the published cost for the average aid recipient, an average offset of $16,355. The average net price across all aid recipients is $16,504, which is above the median of $14,068 for comparable institutions (same type and size) by $2,436.
The median federal student loan debt at completion is $21,000, with about 76.5% of federal aid recipients borrowing. That median is below the peer median of $21,229 by $229.
The median Parent PLUS borrowing stands at $22,866. The median federal student debt corresponds to an estimated payment of $239 a month if repaid over ten years.
Student loans: what does repayment look like?
Federal borrowers who complete a degree at New Jersey Institute of Technology leave with a median federal debt of $21,000. 76.5% of federal aid recipients use federal loans.
The median at comparable institutions (same type and size) is $21,229, placing the university below by $229. For a distinct parent-borrower population, the median Parent PLUS debt is $22,866.
In its 2024-25 Common Data Set, the university reported that 50% of the bachelor's graduates in the cohort borrowed from any source, averaging $32,459 per borrower. 49% of graduates held federal loans averaging $20,208 per borrower, including 14% who also carried private loans averaging $47,587.
Earnings scenarios tied to the program mix at New Jersey Institute of Technology include a downside scenario of $72,120, an upside scenario of $99,234, and a typical level of $91,874. Among federally aided completers who are working and not enrolled, the median four years after completion is $91,874, a level in the 95th percentile among nonprofit four-year institutions.
Graduates earn about $19,549 more than expects for similar students, an outcome in the 95th percentile among nonprofit four-year institutions. For federal borrowers who complete, median debt at completion is $21,000, which is below the $21,229 median for comparable institutions (same type and size). If repaid over ten years, the estimated monthly payment for that debt is $239.
Median Parent PLUS borrowing, a separate parent-borrower population, is $22,866. The estimated monthly student payment if repaid over ten years is $239.
Repayment figures are in the Financial GPS card below. Borrowing populations and model assumptions.
Parent loans: what can the family afford?
How Parent PLUS borrowing affects families
- Median Parent PLUS debt
- $22,866
- Estimated parent payment
- $291/mo
| Income | Risk level |
|---|---|
| $35,000 | High pressure |
| $50,000 | High pressure |
| $75,000 | High pressure |
| $100,000 | Caution |
| $150,000 | Safe |
| $200,000 | Safe |
The model holds the parent balance fixed and varies parent income. Read the assumptions and limits.
Student and parent loans: the monthly payments
Financial GPS
What does repayment look like?
- Institution median student debt
- $21,000
- Institution Parent PLUS debt
- $22,866
Federal loans only; private or institutional loans aren’t included.
- Estimated student payment · monthly
- $239/mo
- Estimated Parent PLUS payment · monthly
- $291/mo
- Modeled student + parent payments
- $530/mo
Payments use school-wide median balances, not a specific major’s.
Student payment as a share of available income
At median graduate earnings of $91,874, with a $22,590 annual allowance for basic expenses:
4.1% of income above the allowance · Excellent
- Excellent Under 8% · selected scenario
- Good 8–under 12%
- Concerning 12–20%
- High risk Over 20%
How this estimate works
These are modeled earnings scenarios, not observed earnings percentiles. Annual student payments ÷ (earnings − basic-expense allowance). The starting allowance, $22,590, uses the published framework’s 2024 baseline; it is not a current local living-cost estimate. Change it for your budget, including taxes and other obligations. This combines school-level figures for illustration, not a typical individual’s budget or an official school rating. Parent PLUS is separate.
Payment assumptions
Payments are 10-year standard payments on the median balance, before loan fees, used as a yardstick. Rates for newly issued loans may differ, and loans made after July 1, 2026 can repay over a longer term; existing loans keep their original fixed rates.
Data & methodology
Sources and reporting periods: methodology.
Analysis and methodology by Daniel Rogers, founder of College Azimuth.
Explanatory text is AI-assisted drafting checked against those figures; it is not an additional data source.
Figure notes link to sources and limitations. About College Azimuth.
Net price and borrowing. The 2023–24 income-band averages include living costs and cover eligible first-time, full-time aid recipients; public-school figures reflect in-state tuition. They are not individual aid offers. Peer matching supplies overall net prices, not matched income-band averages. College Scorecard data and documentation.
A personal student-risk assessment also needs your major and borrowing plan; these school-level illustrations do not assign you a personal risk zone.
Payments are 10-year standard payments on the median balance, before loan fees, used as a yardstick. Rates for newly issued loans may differ, and loans made after July 1, 2026 can repay over a longer term; existing loans keep their original fixed rates. Private-loan figures from the Common Data Set are separate from these federal repayment illustrations.