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
NJIT pays off, and it does so with unusually low risk. You leave with median debt of $21,000 against median earnings of $84,276 ten years out, so your debt is roughly a quarter of one year's pay. A 90.72% retention rate and 73.10% graduation rate mean you're likely to actually finish, which is where most college financial bets go wrong.
Engineering and computing carry this school. Electrical engineering grads start around $71,495 and computer engineering around $69,338, both well above what you borrow to earn them. Computer engineering is the sharpest deal: under $20,000 in debt against nearly $70,000 in first earnings, and Newark's proximity to New York tech and finance employers gives those degrees somewhere to go. Civil engineering at $62,746 sits at the lower end of the listed programs but still clears its roughly $20,000 debt load comfortably.
The catch is that every strong outcome here is technical. NJIT is a tech-focused school, and the earnings data reflects that. If you're not aiming at engineering, computer science, or information systems, you're paying a tech school's price for a degree it isn't built to deliver on. Look at whether your specific major shows up in the outcomes before committing.
Net price scales hard with income. If your family earns under $30k, you pay about $11,534 a year. over $110k, that jumps to $27,681. The middle-income jump is the steep one: moving from the $48-75k tier to $75-110k adds more than $5,600 a year. If you're in that upper-middle band, run the four-year total before assuming the low sticker headline applies to you.
Good fit if you want an engineering or computing career and can graduate on time. Look elsewhere if your interests are outside the technical programs listed.
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.