Cost Details
- In-State Tuition
- $19,022
- Out-of-State Tuition
- $35,934
- Average Net Price
- $16,496
- Students Receiving Financial Aid
- 39.0%
- Room & Board (On Campus)
- $15,000
- Room & Board (Off Campus)
- $17,200
- Books & Supplies
- $2,750
- Total Cost of Attendance
- $36,772
- Median Debt at Graduation
- $21,000
- Estimated Monthly Loan Payment
- $223/mo
- Loan Repayment Rate
- 71.3%
- Students Taking Federal Loans
- 32.9%
- Pell Grant Recipients
- 39.0%
Net Price by Family Income
Average annual net price after grants and scholarships. Source: U.S. Department of Education
| Family Income | Average Net Price |
|---|---|
| $0 – $30,000 | $11,534 |
| $30,001 – $48,000 | $12,526 |
| $48,001 – $75,000 | $16,317 |
| $75,001 – $110,000 | $21,967 |
| $110,001+ | $27,681 |
Cost Estimator
Cost Overview
Families typically pay $16,496 per year after financial aid, making this engineering powerhouse surprisingly affordable. Low-income families with household earnings under $30,000 pay just $11,534 annually, while wealthy families earning over $110,000 pay $27,681. Over four years, most students spend around $66,000 total.
NJIT graduates carry a median debt load of $21,000, translating to monthly payments of $223. That debt becomes manageable quickly since engineering graduates earn a median salary of $84,276 ten years after graduation. The 95.2% employment rate reflects strong industry connections in the New York metro area.
In-state students get the strong value here. With 91.51% of students from New Jersey, the combination of low tuition, generous need-based aid, and high-paying tech careers makes NJIT one of the best return-on-investment schools for New Jersey residents pursuing STEM fields.
NJIT graduates carry a median debt load of $21,000, translating to monthly payments of $223. That debt becomes manageable quickly since engineering graduates earn a median salary of $84,276 ten years after graduation. The 95.2% employment rate reflects strong industry connections in the New York metro area.
In-state students get the strong value here. With 91.51% of students from New Jersey, the combination of low tuition, generous need-based aid, and high-paying tech careers makes NJIT one of the best return-on-investment schools for New Jersey residents pursuing STEM fields.
Official Net Price Calculator
Get a personalized cost estimate from New Jersey Institute of Technology:
Visit Official Net Price CalculatorThis links to the school's federally-required net price calculator for a personalized estimate.