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National Application Center :: campus tours :: New Jersey Institute of Technology costs & financial aid

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New Jersey Institute of Technology

New Jersey Institute of Technology
University Heights
Newark, NJ 07102-1982

Official telephone: (973) 596-3000
Toll-free telephone: (800) 925-NJIT
Website: www.njit.edu
Screen last updated on: December 2016

The financial aid information below is valid for the 2014 academic year.

FINANCIAL AID OFFICE
Financial aid officer: Ivon Nunez,
Director of Financial Aid
Contacting the office: 973 596-3479
973 596-6471 (fax)
finaid@njit.edu
FAFSA number: 002621

EXPENSES
Undergraduate tuition: $13,602; $28,206 out-of-state
Additional required fees: $2,828
Book fees: $2,600
Miscellaneous expenses: $3,600
Other expenses: Transportation, miscellaneous.
Combined room and board expenses: $13,400

APPLYING FOR AID

Required form Priority date Rolling? Closing date
FAFSAN/AnoN/A
Institution's own financial aid formMarch 15noMay 1

Applied for financial aid:
88% of first-year students
68% of full-time undergraduates
32% of part-time undergraduates
Determined to have financial need:
82% of first-year students
90% of full-time undergraduates
94% of part-time undergraduates
Students determined to have financial need who received any financial aid:
100% of first-year students
100% of full-time undergraduates
100% of part-time undergraduates
Students determined to have financial need who received any need-based gift aid:
88% of first-year students
84% of full-time undergraduates
57% of part-time undergraduates
Students receiving financial aid who received need-based self-help aid:
77% of first-year students
85% of full-time undergraduates
83% of part-time undergraduates
Students receiving financial aid who received any non-need-based gift aid:
59% of first-year students
43% of full-time undergraduates
17% of part-time undergraduates
Students receiving financial aid whose need was fully met (excluding PLUS loans and private alternative loans):
13% of first-year students
9% of full-time undergraduates
2% of part-time undergraduates
Average percent of need that was met of students who received any need-based aid (excluding PLUS loans and private alternative loans):
61% for first-year students
58% for full-time undergraduates
31% for part-time undergraduates
Average financial aid package (excluding PLUS loans and private alternative loans):
$14,683 for first-year students
$14,403 for full-time undergraduates
$6,240 for part-time undergraduates
Average need-based gift award:
$12,902 for first-year students
$11,981 for full-time undergraduates
$3,984 for part-time undergraduates
Average need-based self-help award (excluding PLUS loans and private alternative loans):
$4,403 for first-year students
$5,196 for full-time undergraduates
$4,401 for part-time undergraduates
Average need-based loan (excluding PLUS loans and private alternative loans):
$3,801 for first-year students
$4,518 for full-time undergraduates
$4,227 for part-time undergraduates
Students who had no financial aid need and who received non-need-based aid (excluding athletic awards and tuition benefits):
18% of first-year students
10% of full-time undergraduates
1% of part-time undergraduates
Average award to students who had no financial aid need and who received non-need-based aid (excluding athletic awards and tuition benefits):
$13,168 for first-year students
$12,643 for full-time undergraduates
$5,412 for part-time undergraduates
Students who received a non-need-based athletic award:
3% of first-year students
2% of full-time undergraduates
0% of part-time undergraduates
Average non-need-based athletic award:
$21,280 for first-year students
$25,137 for full-time undergraduates
$0 for part-time undergraduates
School participates in Federal Work-Study Program: yes

TYPES OF AID AVAILABLE
Types of loans available:
  • Direct Subsidized Stafford Loans
  • Direct Unsubsidized Stafford Loans
  • Direct PLUS Loans
  • Federal Perkins Loans
  • State Loans
  • College/University Loans
  • private/alternative loans.
Parent loans packaged to meet need: yes
Percent of undergraduates who have borrowed through all loan programs: 62%
Average student debt upon graduation: $37,195
Types of payment plans:
  • school's own payment plan(s)
Need-based scholarships/grants available:
  • need-based (general)
  • Federal Pell Grants
  • SEOG
  • state scholarships/grants
  • college/university scholarships/grants (institutional funds)
  • private scholarships/grants
  • United Negro College Fund
Non-need-based scholarships/grants available:
  • non-need-based (general)
  • state scholarships/grants
  • academic merit scholarships/grants
  • creative arts/performance
  • special achievements/activities
  • special characteristics
  • athletic scholarships
  • ROTC scholarships
Percent of scholarship aid awarded to out-of-state students: 10%

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