New Jersey Institute of Technology

In 2022, tuition for full-time NJIT students was $15,616 a year for in-state students and $32,528 a year for out-of-state students.

On average, college tuition goes up about 3% every year.

Remember, the advertized cost of tuition doesn't always mean much if you plan to use financial aid to help pay for college. Many students pay far less than the total tuition after grants, scholarships, and tuition discounts are applied. Additionally, student loans can make theactual cost of attending college feel more doable until after graduation.

International students can expect to pay 32,528 per year for tuition at New Jersey Institute of Technology.

New Jersey Institute of Technology meets 51% of the demonstrated financial need for undergraduates. First-year students that attend New Jersey Institute of Technology full-time are awarded $16,573 a year in financial aid, on average.

The average student debt for graduates in the class of 2023 was around $28,089 per student, not including those with no debt.

Does New Jersey Institute of Technology Offer In-State and Out-of-State Tuition?

New Jersey Institute of Technology is a public, state institution, which means it offers a reduced tuition rate of $15,616 for in-state students who attend full-time.Non-New Jersey residents can expect to pay 32,528 per year for tuition.

Public schools receive funds from the state to help them cover costs. Public, state schools can offer lower tuition for students who meet the requirements for in-state residency.

Attending a college where you are eligible for the reduced tuition offered to state residentscan drastically reduce the total cost of attending college. Take the time to check your state's criteria for in-state tuition. Every state has its own rules about what makes someone eligible for in-state tuition. In many states, students must have lived in the state for 12 months before starting school to qualify for in-state tuition. There may be additional requirements too, depending on where you live.

Explore other New Jersey colleges

Do International Students Pay More to Go to New Jersey Institute of Technology?

New Jersey Institute of Technology has the same tuition for international students as for those from out of state.

International students at New Jersey Institute of Technology usually pay around $32,528 per year, before any scholarships, grants or other financial aid.

International students are not eligible for federal financial aid, but should research private or school-specific aid and scholarships. International students who demonstrate financial need may be eligible for the following types of financial support at New Jersey Institute of Technology:

•On-campus jobs •Loans from outsideNew Jersey Institute of Technology •Athletic Awards •New Jersey Institute of Technology-specific scholarships •International Students Tuition Waivers

International students without financial need may be eligible for merit-based institutional scholarships and athletic awards.

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New Jersey Institute of Technology Living Expenses, Fees, and More

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In addition to the cost of tuition, there are other costs associated with college, like room and board, facility fees, and books and supplies. Let's take a look at what impacts these costs, and what to expect at New Jersey Institute of Technology.

Room and Board Costs at New Jersey Institute of Technology

Housing and campus dining at New Jersey Institute of Technology costs $15,000 a year. This covers the cost of living in dorms or other on-campus housing, plus a dining plan that allows you to eat all or some of your meals the New Jersey Institute of Technology's on-campus cafeterias and dining facilities.

Meal-plan costs vary based on on how many meals are included in the plan you choose.

Cost of Books at New Jersey Institute of Technology

The cost of books often surprises first-year college students. The actual cost of books depends on the courses you take and what kinds of books and materials they require. To save money, many students choose to use books from the library or buy books from students who have already taken the course.

Annual Fees

The majority of colleges charge some yearly fees to offsets cost associated with maintaining facilties, like the library, gym and computer labs.

There may be other costs associated with participating in certain activities, like joining a fraternity or sorority, or participating in sports or other extracurriculars. Most colleges have resources for students who may struggle to participate because of cost can find ways to lower or eliminate these fees.

The Cost of Transportation at New Jersey Institute of Technology

The cost of transportation in college can really vary. Will you take a subway, car or an airplane to get to school? Will you need to pay to park on-campus? Is the campus walkable? Do you own a car, or are you planning to use busses, subways, or other modes of transportation? All of these factors can make a big difference in your estimated cost of transportation. At New Jersey Institute of Technology, freshman are allowed to park on campus.

Where are a college is located can also have a big effect on your transportation budget. Small, rural schools may be easier to get around, but the cost of getting to campus may be higher. On the other hand getting around in an urban area could be pricey, but there may be more trains, busses and affordable flights to actually get to school. The New Jersey Institute of Technology campus is located in a city in New Jersey, not far from New York City.

Other Costs

When budgeting for college, don’t forget to take into account the cost of things like movies, takeouts, furniture or appliances for your dorm or housing, and essentials like laundry detergent, toothpaste and toilet paper.

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The Full Cost of Attending New Jersey Institute of Technology

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Now, let’s do a rundown of all of the costs associated with college, to get a better estimate of what is really costs to go to New Jersey Institute of Technology.

Total Cost of New Jersey Institute of Technology

What will the cost of attending New Jersey Institute of Technology be? Here is a breakdown of tuition and expenses.

2023 Total Tuition and Expenses
In-state Tuition	$15,616
Out-of-State Tuition	$32,528
Room and Board	$15,000
Other expenses	$3,380

The total estimated cost will vary depending on whether you are going to live on-campus or off-campus.

Tuition and fees may vary depending on program, course level, location, and more.

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New Jersey Institute of Technology Financial Aid

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The majority of New Jersey Institute of Technology undergrads use financial aid to help pay for school. In 2023, 4,819 of the 9,475 undergrads enrolled received financial aid. New Jersey Institute of Technology meets 51% of the demonstrated financial need for undergraduates.

The average financial aid package for a full-time, first-year student is around $16,573 a year. Around 53% of New Jersey Institute of Technology undergrads take out student loans to cover any remaining costs. New Jersey Institute of Technology graduates who have student loans graduate with an average of $28,089 of student loan debt.

The average debt for each loan type varies.

Average Debt By Loan Type
Federal Loans	$19,781
State Loans	$14,641
Private Loans	$32,923

Most Common Loans for New Jersey Institute of Technology Students
Federal Loans	52%
State loans	1%
Private loans	14%

Most students take out institutional or government loans, because they tend to have lower interest rates and more flexible repayment options than private loans. Loans from the federal government can be subsidized or unsubsidized. Subsidized loans do not accrue interest during school, while unsubsidized loans begin accruing interest at the time the loan is issued. If students do no qualify for enough federal loans to cover the cost of tuition, some take out private loans. Parents can also take out ParentPLUS loans, which are government loans for parents who are helping their children pay for college.

The Free Application for Federal Student Aid (FAFSA) helps colleges determine how much financial need students and their familes have, so they can offer a financial aid package that meets, or come close to meeting, their need. For more information on New Jersey Institute of Technology financial aid, keep reading, or visit their financial aid website.

Scholarships at New Jersey Institute of Technology

Some students may receive grants and scholarships to help pay for college. Unlike loans, scholarships and grants do not have to be paid back.

In 2023, New Jersey Institute of Technology awarded 4,819 need-based scholarships to students, giving away total of $60 million to help students with financial need cover the cost of school. An additional $18.33 million in merit-based scholarship money was awarded to students without demonstrated financial need.

New Jersey Institute of Technology Net Cost

The net price of college is the actual cost of attending a school for one year. Net cost is calculated by subtracting any scholarships, grants or other aid that does not need to be paid back from the total cost. Student loans are not part of the calculation, because they need to be repaid.

Now that we have a sense of the total estimated costs for New Jersey Institute of Technology students, we can subtract the average financial aid package to find the estimated net cost. Net cost can vary depending on a students’ need and the financial aid award received.

When considering whether a school fits your budget, it is important to consider the estimated net cost, not just the sticker price of tuition. Often, schools with the highest tuition also offer the most generous aid packages, so estimate your net cost before eliminating a school because it does fit your budget.

The average amount of financial aid received by a full-time first year student with demonstrated need at New Jersey Institute of Technology was $16,573 in 2023. By substracting the average financial aid package from the estimated costs, we get a number that may make the cost of New Jersey Institute of Technology seem more manageable.

Estimated Net Cost for Full-Time Students
In-State, On-Campus	$7,006
Net In-state, Off-campus	$8,399
Out-of-State, On-Campus	$40,491

What will attending New Jersey Institute of Technology really cost you? The answer depends on several factors.

As of 2011, colleges are required to have a net price calculator on their website to help prospective students and their families understand the actual cost of attending that school, based on their financial situation. You can find the New Jersey Institute of Technology's net cost calculator on their website.

New Jersey Institute of Technology Tuition Payment Plans

Some students choose to use payment plans to make the cost of tuition fit more comfortably in their budget.

Students cannot pay tuition in installments. Contact the financial aid office to verify this and discuss options.

NJIT Tuition Waivers

Schools sometimes offer tuition waivers to certain groups, to make attending more affordable. Some schools offer tuition waivers for employees and their family members, underrepresented students, or military students. Even if you qualify for a waiver, students are usually responsible for housing, meal plans, and other expenses.

NJIT has some full or partial tuition waivers available for: - International Students

Check the financial aid website for more information on payment plans and tuition waivers.

New Jersey Institute of Technology's Endowment

An endowment is the total value of a school's investments, donations, and assets. Endowment is not necessarily an indicator of the quality of a school, but it can give you a sense of how much money a college can afford to invest in expanding programs, improving facilities, and supporting students.

New Jersey Institute of Technology's endowment was valued at $135.6 million in 2023, compared to a national average of $905 million. The school spends $14,091 for each full-time student enrolled.

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Learn More About New Jersey Institute of Technology

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Click below to find out more about the admissions requirements and deadlines, student life, academics, majors and more.

Overview

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