FourYearCost

New Jersey Institute of Technology

Newark, NJPublicRank 676 of 1,732Traditional rank 459 of 1,156

Avg freshman grant · 2022-23
$17,447
1,312 recipients
Avg grant, later years · 2022-23
$15,810
5,048 recipients
The drop
$1,637
9.4% of the freshman average

Freshman grant vs later years

Freshman year$17,447Later years$15,810

Average grant per recipient, IPEDS SFA 2022-23.

Averages across all recipients, not a prediction for one student. Continuing students include transfers and part-time students. Data is about two years old. How this is calculated.

Average net price by family income (2022-23)

Family incomeAvg net price
$0–30k$11,534
$30–48k$12,526
$48–75k$16,317
$75–110k$21,967
$110k+$27,681

First-time, full-time students receiving Title IV aid, in-state. Source: IPEDS SFA 2022-23.

Published cost (IPEDS)

Tuition and fees (in-state), 2022-23$18,512
Tuition and fees (in-state), 2023-24$19,022
Change$510 (+2.8%)
Tuition and fees (out-of-state), 2023-24$35,934
On-campus room and board, 2023-24$15,000

Source: IPEDS Institutional Characteristics, academic years 2022-23 and 2023-24.

Tuition and fees trend (in-state)

$17,3802018-19$17,6742019-20$17,6742020-21$18,0162021-22$18,5122022-23$19,0222023-24

Published tuition and required fees, +9.4% from first to last year shown. Source: IPEDS Institutional Characteristics 2021-22 and 2023-24 files.

Average net price trend

$16,8782020-21$17,7622021-22$16,7362022-23

Average net price for first-time, full-time students receiving grant aid, in-state. Source: IPEDS SFA 2022-23.

Outcomes and aid profile

Bachelor's graduation rate within 6 years73%
Full-time freshman retention (return for year 2)91%
Freshmen receiving Pell Grants45%
Freshmen taking federal loans31%
Average federal loan (freshmen who borrow)$5,215
Aid drop one year earlier (2021-22)$1,995

Sources: IPEDS Graduation Rates 2023 (DRVGR), Fall Enrollment 2023 (retention), SFA 2022-23 and 2021-22. "Freshmen" = first-time, full-time undergraduates.

Compare with other colleges Compare with the two most similar

More: all NJ colleges · how aid changes after year one · lowest net price for low-income families · 2026-27 state cost reports

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