New Jersey Institute of Technology's published cost of attendance reaches $32,228 annually, including $19,022 in-state tuition, $15,000 for room and board, and $2,750 for books and supplies. However, the average student pays just $16,496 after financial aid, representing savings of $15,732 from the sticker price.
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Net prices are averages and may vary. Based on federal data for first-time, full-time students receiving aid.
| Cost Category | Amount |
|---|---|
| Total Cost of Attendance (Sticker Price) | $32,859 |
| Tuition and Fees | $37,664 |
| Room and Board | $16,450 |
| Books and Supplies | $3,400 |
| Average Financial Aid (Grants and Scholarships) | -$16,355 |
| Average Net Price (What Families Pay) | $16,504 |
| Family Income | Net Price |
|---|---|
| $0–30k | $10,138 |
| $30–48k | $11,165 |
| $48–75k | $15,958 |
| $75–110k | $23,152 |
| $110k+ | $27,244 |
New Jersey Institute of Technology's published cost of attendance reaches $32,228 annually, including $19,022 in-state tuition, $15,000 for room and board, and $2,750 for books and supplies. However, the average student pays just $16,496 after financial aid, representing savings of $15,732 from the sticker price. This net price sits $2,403 above the peer median of $14,093, though the difference reflects NJIT's specialized technical programming and higher baseline costs.
The institution demonstrates commitment to affordability through substantial financial aid that nearly halves attendance costs for the typical student. Net costs vary significantly by family income, ranging from $11,534 for families earning under $30,000 to $27,681 for families earning over $110,000. This progressive pricing structure ensures that students from lower-income backgrounds pay substantially less, with those qualifying for federal Pell grants receiving the most generous aid packages.
How much students borrow and whether debt is manageable given outcomes.
Debt is well below typical first-year earnings — generally considered very manageable.
NJIT graduates carry median debt of $21,000, slightly below the peer median of $21,105 and resulting in a favorable debt-to-earnings ratio of 0.25. Debt levels range from $7,812 at the 25th percentile to $28,900 at the 75th percentile, showing variation in borrowing patterns among graduates.
The debt-to-earnings ratio of 0.25 indicates that typical graduates dedicate approximately one-quarter of their first-year earnings to debt service, which falls within manageable ranges for technical careers. Compared to median earnings of $84,276, the $21,000 debt burden appears sustainable given strong post-graduation earning potential.
The debt distribution shows that one-quarter of graduates borrow less than $7,812, while another quarter borrow more than $28,900, reflecting different financial circumstances and family support levels. Parent PLUS loans average $20,223 with monthly payments of $266, representing additional family borrowing beyond student debt totals.
How cost compares to graduate earnings and value added.
NJIT delivers exceptional return on educational investment through the combination of controlled costs and strong earnings outcomes. Graduates earn $26,475 beyond expectations at the 96.4th percentile nationally, demonstrating substantial economic uplift relative to student characteristics and program costs.
Median earnings of $84,276 rank at the 95.0th percentile nationally, while debt levels remain at $21,000, creating a favorable debt-to-earnings ratio of 0.25. Compared to peer institutions, NJIT graduates earn $34,160 more annually while carrying similar debt levels, highlighting the institution's value proposition.
The net price of $16,496 represents reasonable cost for the quality of technical education and post-graduation outcomes achieved. Students benefit from New Jersey's public higher education investment, which keeps costs below comparable private technical institutions while maintaining program quality.
NJIT's financial aid profile reflects its commitment to serving diverse student populations while maintaining program quality. The institution enrolls 39.0% Pell-eligible students, indicating substantial enrollment of lower-income students who benefit from both federal aid and institutional support.
The $15,732 average financial aid savings demonstrates robust aid programs that extend beyond federal minimums to include state and institutional resources. Net price variations by income level show the institution provides the largest subsidies to students with the greatest financial need, with families earning under $30,000 paying roughly one-third of what highest-income families pay.
This progressive aid structure supports NJIT's Mobility Engine designation by ensuring that financial barriers don't prevent qualified students from accessing technical education. The aid approach recognizes that engineering and technology programs require sustained enrollment and completion to generate career benefits, making affordability essential for student success.
