Payback
EarningsPlus
Economic score
New Jersey Institute of Technology is a public national university located in Newark, New Jersey. New Jersey Institute of Technology is moderately inclusive in their admissions.
Return on educational investment at New Jersey Institute of Technology is in the top 10% of all ranked schools. The median student earns $80,043 10 years after enrolling, 3rd in New Jersey, and in the top 5% nationally. When adjusted for earning differences by major, New Jersey Institute of Technology bachelor students earn 2% less than the national average. New Jersey Institute of Technology is ranked 2nd in New Jersey.
New Jersey Institute of Technology’s median net annual cost of $18,582 and average years to graduate of 4.3 are reported only at the school level. We assume these same costs and graduation time for all programs.
The top 6 programs at New Jersey Institute of Technology sorted by number of graduates - Computer science, Mechanical Engineering, Civil Engineering, Biomedical/Medical Engineering, Biology, Business Administration - are shown below. To see more programs, click on "see additional programs".
Annual net cost
$18,582
Average years to graduate
4.3
Industrial Engineering
Rank: #25
Economic score: 1.5
Electrical Engineering
Rank: #103
Economic score: 1.51
Computer Engineering
Rank: #86
Economic score: 1.61
Computer Systems Analysis
Rank: #20
Economic score: 1.83
Chemical Engineering
Rank: #90
Economic score: 1.9
Graphic Comms
Rank: #7
Economic score: 3.27
Mathematics
Rank: #272
Economic score: 10.75
Design & Applied Arts
Rank: #205
Economic score: 12.93
EarningPlus compares the three-year post graduate earnings to the median earnings of the same graduating class, with the same graduate degree. These 2 metrics, debt-to-earnings and EarningsPlus, are combined into an economic score. The lower the economic score the better.
The most popular 6 graduate programs at New Jersey Institute of Technology - Computer science, Computer Systems Analysis, Engineering Fields, Civil Engineering, Business Administration, Electrical Engineering - are shown below. To see more programs, click on "see additional programs".
Biomedical/Medical Engineering
Rank: #10
Economic score: 0.37
Mechanical Engineering
Rank: #56
Economic score: 0.43
Chemical Engineering
Rank: #6
Economic score: 0.55
The average full-time graduate completes their degree in 4.3 years. 83% of all students graduate within 8 years including part-time students. The graduation rate at New Jersey Institute of Technology is 14% higher than the state average, and 15% above the average for all national universities in the country.
At New Jersey Institute of Technology, Pell Grant recipients represent 37% of the measured graduating class, 2% higher than the national average of 35%. The average Pell Grant recipient at New Jersey Institute of Technology graduates within 4.4 years.
New Jersey Institute of Technology is in the top 10% of schools for graduating Pell recipients.
We calculate this performance by adjusting the graduation rate of Pell students by their percentage of the student body. This adjustment is made to prevent schools with large numbers of Pell students from underperforming in comparison to schools with few Pell students but high graduation rates.
New Jersey Institute of Technology’s economic mobility score of 35.41 is calculated by adjusting the 0.55 economic score of lower-income students by the 37% pell grant recipients within the student body. New Jersey Institute of Technology’s EMS of 35.41 ranks in the top 5% nationally.false
Economic Mobility
To calculate economic mobility of low-income (household earnings below $30,000) students, we adjust each institution’s economic score by their percentage of Pell Grant students. The logic of this Pell-adjusted calculation is derived from Third Way’s Economic Mobility Index (EMI).
Top 5%
The average Title IV recipient at New Jersey Institute of Technology pays $18,582 a year, $19,992 less than the $38,574 advertised. See below the cost breakdown for students who receive Title IV grants, broken down by income level.
Average net price
The average net price shown by income level for all students that receive Title IV aid. Calculated by deducting the average grant and scholarship aid from tuition, fees, books, and room and board. Limited to first-time, full-time students. Public institution figures are calculated using in-state tuition figures.
Median net price $18,582
Much of the gap between net price and sticker price is filled by institutional and government grants. At New Jersey Institute of Technology, 85% of students receive some grants and scholarships, compared to the national average of 87% for all colleges and universities. The average amount of federal, state, and institutional grants that students receive is shown on the right.
This leaves a total of $18,582 on average to be covered by the student – be it through loans or out of pocket. In total, 36% of students take out loans, federal or private, at an average amount of $7,578. This is 18% less than the national average.
Federal grants
$5,021
Pell grants
$5,137
State grants
$9,083
Institutional grants
$11,889
New Jersey Institute of Technology's moderately inclusive admissions are indicated by their 69% acceptance rate. In 2021, the school had 11,578 applicants, of which 8,005 were admitted and 1,374 enrolled. New Jersey Institute of Technology has a rolling admissions policy, which means applications are reviewed as they arrive until all spaces are filled.
Full time
86%
83%
Female
21%
59%
First time
15%
59%
In-state
92%
68%
1st generation
34%
35%
White
34%
52%
Black
8%
14%
Hispanic
21%
15%
Asian
23%
5%
American Indian
N/A
1.6%
Pacific Islander
N/A
0.3%
Other
14%
12%