At $16,496/yr net price, New Jersey Institute of Technology graduates earn $84,276/yr within 10 years of enrollment, which is $50,276/yr above the median for high school graduates.
Cost vs. Outcomes
| Metric | Value |
|---|---|
| Average Net Price (per year) | $16,496 |
| Estimated 4-Year Cost | $65,984 |
| Median Earnings (10yr post-entry) | $84,276/yr |
| Earnings Premium vs. HS Diploma | +$50,276/yr |
| Estimated Break-Even | 1.3 years |
| Graduation Rate (6-year) | 73.1% |
| Median Debt at Graduation | $21,000 |
What You'll Actually Pay
Average net price by family income
| Family Income | Estimated Net Price |
|---|---|
| $0 - $30,000 | $11,534/yr |
| $30,001 - $48,000 | $12,526/yr |
| $48,001 - $75,000 | $16,317/yr |
| $75,001 - $110,000 | $21,967/yr |
| $110,001+ | $27,681/yr |
Earnings by Major
Top programs ranked by median earnings
| Program | Level | Median Earnings | Median Debt |
|---|---|---|---|
| Information Science/Studies. | Master | $91,211 | $30,508 |
| Electrical, Electronics and Communications Engineering. | Master | $87,973 | $30,750 |
| Business Administration, Management and Operations. | Master | $85,918 | $49,426 |
| Computer and Information Sciences, General. | Master | $80,095 | $30,750 |
| Engineering-Related Fields. | Master | $79,284 | $26,760 |
| Mechanical Engineering. | Master | $74,953 | $20,500 |
| Civil Engineering. | Master | $74,721 | $30,043 |
| Chemical Engineering. | Master | $73,949 | |
| Electrical, Electronics and Communications Engineering. | Bachelor | $71,495 | $22,500 |
| Computer Engineering. | Bachelor | $69,338 | $19,959 |
The Risk Factor
73.1% of students at New Jersey Institute of Technology graduate within 6 years. A significant share of students finish, but roughly 27% do not complete their degree.
Analysis
New Jersey Institute of Technology delivers strong financial returns for most graduates, with median earnings of $84,276 placing it well above the national average for public universities. Your low net price of $16,496 combined with moderate debt levels creates a favorable cost-to-earnings ratio.
Engineering and computer science majors see the strongest returns, with Information Science graduates earning $91,211 annually. Electrical Engineering and Computer Science also perform well, generating solid earnings with manageable debt around $30,000. Business Administration graduates earn competitively at $85,918, though their debt burden runs higher at $49,426, which weakens the overall value proposition for that program.
The main financial risk centers on NJIT's 73% graduation rate. Nearly three in ten students leave without completing their degree, forfeiting the strong earnings potential while still carrying debt. Your retention rate of 91% suggests most students who make it past freshman year will finish, but that initial year proves critical.
NJIT works best financially if you're committed to STEM fields and can handle the academic rigor. The school's location in the New York metropolitan area provides access to high-paying tech and engineering jobs that justify the investment. You should look elsewhere if you're uncertain about your major or prefer non-technical fields where NJIT's premium doesn't pay off.
With only 39% of students receiving aid, merit scholarships appear limited. Your best cost strategy involves graduating on time in a high-earning major. The relatively low debt levels suggest NJIT keeps costs reasonable, but you'll need to complete your degree to capture the strong earnings potential.
Frequently Asked Questions
Is New Jersey Institute of Technology worth the debt?
With a median debt of $21,000 and graduates earning $84,276 after 10 years, NJIT offers solid financial returns. The debt-to-income ratio is manageable compared to many engineering schools, especially for tech-focused majors.
What majors at New Jersey Institute of Technology have the best ROI?
Information Science leads at $91,211 in 10-year earnings, followed by Electrical Engineering at $87,973. Business and Computer Science majors also see strong returns above $80,000, making most NJIT programs financially viable.
How does New Jersey Institute of Technology's net price compare to outcomes?
At $16,496 per year net price, NJIT provides good value for an engineering-focused education. The relatively low cost combined with strong tech industry connections in the NYC area helps justify the investment.
Does New Jersey Institute of Technology have good job placement after graduation?
With a 73% graduation rate and average earnings of $84,276 within 10 years, NJIT graduates find decent employment in tech and engineering fields. The school's location near New York City provides access to high-paying tech jobs.