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Cost & financial aid brief

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# New Jersey Institute of Technology Tuition, Costs & Financial Aid

Updated October 1, 2026

[Overview](/school/new-jersey-institute-of-technology/)Cost & aid[Outcomes](/school/new-jersey-institute-of-technology/outcomes/)[Admissions](/school/new-jersey-institute-of-technology/admissions/)[Majors](/school/new-jersey-institute-of-technology/majors/)[Similar schools](/school/new-jersey-institute-of-technology/similar/)

**On this page**+

## How much does New Jersey Institute of Technology cost after financial aid?

The published cost of attendance at New Jersey Institute of Technology is $32,859. In its 2024-25 Common Data Set, the university reported in-state tuition of $16,334 and required fees of $3,640 for the 2025-26 academic year, with on-campus food and housing at $16,450.

Out-of-state students face a published tuition of $34,024. The average [net price](/analysis/is-college-worth-it-part-1-the-net-price-illusion/), what aid recipients pay after grants and scholarships, is $16,504.

That is $2,436 above the $14,068 median for comparable institutions (same type and size). Azimuth ranks the university #439 for affordability among nonprofit four-year institutions.

Affordability is the weakest of the four pillars, at the 69th percentile among nonprofit four-year institutions. The published cost of attendance is $32,859, and aid covers about 50% of that for the average recipient.

After grants and scholarships, the average [net price](/analysis/is-college-worth-it-part-1-the-net-price-illusion/) is $16,504, which is $2,436 above the median for comparable institutions (same type and size). By income band, average net prices run from $10,138 for families earning under $30,000 to $27,244 for those earning over $110,000, a spread of $17,106.

Borrowers who complete a degree carry a median of $21,000 in federal student loans, $229 below the median for comparable institutions.

Average [net price](/analysis/is-college-worth-it-part-1-the-net-price-illusion/)s by family-income band show a progressive structure. For families earning under $30,000 the average net price is $10,138; for $30,001–$48,000 it is $11,165; for $48,001–$75,000 it is $15,958; for $75,001–$110,000 it is $23,152; and for families earning over $110,000 it is $27,244.

Pell Grant recipients make up 39.6% of undergraduates, providing context for the lowest band. The spread between the lowest and highest bands is $17,106.

Average net price by family income

**$0–30K**
$10,138

**$30–48K**
$11,165

**$48–75K**
$15,958

**$75–110K**
$23,152

**$110K+**
$27,244

Averages within each income band; individual aid packages vary.

Overall average annual net price: **$16,504**. After grants and scholarships, including living costs. [Source and coverage](#cost-data-notes).

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 price](/analysis/is-college-worth-it-part-1-the-net-price-illusion/)s 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](/analysis/is-college-worth-it-part-1-the-net-price-illusion/) 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](/analysis/ou-what-happens-when-parents-borrow-too/) 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](/analysis/ou-what-happens-when-parents-borrow-too/) 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 the model 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](/analysis/ou-what-happens-when-parents-borrow-too/) borrowing, a separate parent-borrower population, is $22,866. The estimated monthly student payment if repaid over ten years is $239.

[Repayment figures](#combined-borrowing) are in the Financial GPS card below. [Borrowing populations and model assumptions](#cost-data-notes).

## Parent loans: what can the family afford?

[How Parent PLUS borrowing affects families](/analysis/ou-what-happens-when-parents-borrow-too/)

**Median Parent PLUS debt**
$22,866

**Estimated parent payment**
$291/mo

Modeled Parent PLUS pressure by income

| 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](#cost-data-notes).

## 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

1.  Excellent Under 8% · selected scenario
2.  Good 8–under 12%
3.  Concerning 12–20%
4.  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.

[Read the framework and its limits](/analysis/financial-gps-framework/).

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.

[Explore your own numbers in Financial GPS](/financial-gps/?tool=student&school=new-jersey-institute-of-technology#student-tool)

## Data & methodology

Sources and reporting periods: [methodology](/methodology/).

Analysis and methodology by [Daniel Rogers](/about/#founder), 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](/about/).

**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](https://collegescorecard.ed.gov/data/).

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.