New Jersey Institute of Technology
Newark, New Jersey · Public · 65.1% acceptance rate
ROI Score: 92/100 · Exceptional Value
Data: 2024-25 College Scorecard release
New Jersey Institute of Technology scores 92 (Exceptional Value) on the CampusROI scale. The payback period is 4.2 years, average 6-year earnings reach $54,800, and the earnings premium is 74.6% above the no-college benchmark. In-state tuition of $19,974 and a net price of $16,504 make the headline cost accessible, particularly for New Jersey residents. Computer and Information Sciences leads by volume with 444 graduates - the largest program by a significant margin - and $68,183 year-one and $97,926 year-four earnings at a B+ ROI grade. Mechanical Engineering (228 graduates) and Civil Engineering (177 graduates) both clear $68,000 at year one and approach $90,000 at year four. The completion rate of 72.8% is the primary drag on the overall score. The 84.3% repayment rate is solid. For in-state students targeting engineering, computing, or technology careers in the New York-New Jersey metropolitan corridor, NJIT offers an unusually efficient path: industry-proximate location, strong starting wages, and in-state pricing that keeps debt loads manageable.
The median graduate earns $84,276 ten years after entry - well above the roughly $53,600 median across the schools we score.
New Jersey Institute of Technology
Quick Numbers
| In-state tuition + fees | $19,974/yr |
| Out-of-state tuition + fees | $37,664/yr |
| Average net price | $16,504/yr |
| Total 4-year cost (net) | $66,016 |
| Median earnings (10yr post-entry) | $84,276 |
| Average earnings (6yr post-entry) | $54,800 |
| Median debt at graduation | $21,000 |
| Estimated monthly loan payment | $223 |
| Estimated payback period | 4.2 years |
| 6-year graduation rate | 72.8% |
| Undergraduate enrollment | 9,019 |
Data as of 2024-2025. Source: College Scorecard API (U.S. Department of Education).
The Full Financial Picture
The first number you'll see is the sticker price: $19,974/year ($37,664/year out-of-state), which covers tuition and fees only. After grants, scholarships, and aid, the average student here pays a net price of $16,504/year, or roughly $66,016 over four years. That's the number to plan around.
What you actually pay depends a lot on what your family earns. Families making under $30,000/year pay an average of $10,138/year here, while families earning over $110,000 pay $27,244/year.
Among graduates who borrowed, the median federal loan debt from this school is $21,000, which works out to about $223 a month on the standard 10-year repayment plan. Our debt-to-earnings ratio divides that debt by average earnings six years after entry ($54,800) and comes to 0.38, which in our view is comfortably manageable.
Net Price by Family Income
What families actually pay after grants and scholarships, by income bracket.
| Family Income | Avg Net Price/Year |
|---|---|
| $0 - $30,000 | $10,138 |
| $30,001 - $48,000 | $11,165 |
| $48,001 - $75,000 | $15,958 |
| $75,001 - $110,000 | $23,152 |
| $110,001+ | $27,244 |
Cost by Income Bracket Explained
Lower-income families (under $30K)
Families in the 0-30000 income bracket pay $10,138 net price per year at NJIT, a school producing $54,800 average earnings. The 30001-48000 bracket pays $11,165. At these price points, a four-year engineering degree costs approximately $40,000-$45,000 net, against year-one earnings that typically reach $65,000-$78,000 in top programs. NJIT's combination of high Pell rate (39.6%) and strong earnings outcomes makes it an unusually high-mobility institution: low-income students who complete their degree achieve earnings trajectories well above national medians.
Middle-income families ($30K-$110K)
Middle-income families in the 48001-75000 bracket pay $15,958 net per year; the 75001-110000 bracket climbs to $23,152. Four-year net costs in these brackets run roughly $64,000-$93,000. Against average earnings of $54,800 at six years - and much higher for engineering graduates specifically - the payback is fast. The 4.2-year institutional payback period was calculated on median debt of $21,000, so middle-income students who borrow at that level face a sub-five-year payback at median earnings.
Higher-income families ($110K+)
Full-pay families (110000+) pay $27,244 per year, or roughly $109,000 over four years. Against $54,800 average institutional earnings, the 4.2-year payback reflects primarily the engineering and computing track students, where year-one earnings clear $65,000-$78,000. Full-pay students in those programs see a payback inside five years even without financial aid. Students in lower-earning programs - Design, Graphic Communications, or Biology - face a longer horizon.
Earnings by Major
Top 10 most popular majors at New Jersey Institute of Technology with available earnings data.
| Major | Median Earnings | Grade |
|---|---|---|
| Computer and Information Sciences | $97,926 | B+ |
| Mechanical Engineering | $89,827 | B+ |
| Engineering Technologies/Technicians, General | $86,360 | B |
| Civil Engineering | $87,389 | B |
| Biomedical Engineering | $88,396 | B+ |
| Business Administration, Management, and Operations | $75,805 | C+ |
| Architectural Sciences and Technology | $69,456 | C |
| Biology | $65,807 | D |
| Electrical Engineering | $97,718 | B+ |
| Computer Engineering | $99,880 | B+ |
Earnings reflect median 4-year post-completion (or 1-year where 4-year unavailable). Grades based on debt-to-earnings ratio.
Program Analysis
Why these programs deliver their earnings outcomes.
Computer and Information Sciences
Computer and Information Sciences is NJIT's flagship program by volume: 444 graduates, $68,183 year-one earnings, $97,926 at year four, with a B+ ROI grade and debt-to-earnings ratio of 0.315. Median debt of $21,500 is modest against these earnings. CS graduates enter a dense technology and finance employer ecosystem in the NYC metro area. The four-year trajectory to nearly $98,000 reflects both career progression and the geographic wage premium of the tri-state market. For in-state students, the total cost is $66,016 against these earnings.
Mechanical Engineering
Mechanical Engineering is NJIT's second-largest program with 228 graduates, $68,675 year-one earnings, and $89,827 at year four, with a B+ ROI grade and debt-to-earnings ratio of 0.340. Median debt is $23,334. Mechanical engineering graduates from NJIT place into manufacturing, defense, energy, and infrastructure sectors across the Northeast. The four-year earnings growth to $89,827 reflects the steady career progression typical of engineering disciplines.
Electrical Engineering
Electrical Engineering produces 62 graduates with $78,794 median year-one earnings - the highest year-one figure at NJIT - and $97,718 at year four, with a B+ ROI grade and debt-to-earnings ratio of 0.321. Median debt is $25,325. EE graduates tap into semiconductor, telecommunications, and defense hiring pipelines proximate to NJIT's Newark campus. The year-one earnings of $78,794 are particularly strong for a public university, and the near-$100,000 four-year figure confirms durable demand for electrical engineers in this regional market.
Civil Engineering
Civil Engineering (177 graduates) earns $68,288 at year one and $87,389 at year four, with a B-grade ROI and debt-to-earnings ratio of 0.353. Median debt is $24,085. New Jersey's ongoing transportation, water, and energy infrastructure investment provides a stable regional demand floor for graduates entering state government, DOT roles, and large engineering consultancies.
Information Science
Information Science (46 graduates) earns $61,739 at year one and $103,918 at year four - the highest four-year figure on campus. Debt-to-earnings ratio is 0.405 (B-grade) with median debt of $25,000. The year-four jump to $103,918 suggests strong career progression as information professionals move into senior analyst, data architecture, and IT management roles.
How Graduates Do
Earnings
Loan Repayment
| Metric | This School | Median of schools we score |
|---|---|---|
| 1-year repayment | 79.5% | 68.8% |
| 3-year repayment | 84.3% | 73.6% |
| 5-year repayment | 73.3% | 67.7% |
| 7-year repayment | 79.1% | 72.8% |
Completion Rate
Trends Over Time
How New Jersey Institute of Technology’s cost and outcomes have moved across College Scorecard releases (2009-2024).
Average Net Price
Completion Rate
Median Earnings, 10 Years After Entry (as reported)
Earnings reflect borrowers measured 10 years after entry and publish on an irregular cadence with a multi-year reporting lag, so this series shows only the years the Department of Education reported - the data is never interpolated.
Source: U.S. Department of Education College Scorecard, release years shown. Net price and completion are reported annually.
Admissions Snapshot
| Acceptance rate | 65.1% |
| SAT Math (25th-75th) | 610-750 |
| SAT Reading (25th-75th) | 600-710 |
| ACT Composite (25th-75th) | 27-34 |
| Enrollment | 9,019 |
| Pell Grant recipients | 39.6% |
| Avg faculty salary (monthly) | $13,884 |
SAT Math 610-750 and Reading 600-710 mark the middle half of admitted students; ACT 27-34 is the equivalent range. Math preparation is paramount - nearly all programs require calculus through differential equations. Out-of-state students pay $37,664 in tuition but the strong employment outcomes still produce a defensible financial case.
Compared to Similar Schools
Peer institutions matched by type, size, and selectivity.
NJIT's earnings premium is 74.6%.
| School | ROI | Net Price | 10yr Earnings |
|---|---|---|---|
| New Jersey Institute of Technology (this school) | 92 | $16,504 | $84,276 |
| Colorado School of Mines | 94 | $28,690 | $97,335 |
| University of Florida-Online | 91 | $4,815 | $71,588 |
| Farmingdale State College | 83 | $10,867 | $69,781 |
| Rowan University | 66 | $22,408 | $59,988 |
| Bloomfield College of Montclair State University | 50 | $28,014 | $61,415 |
Who Thrives Here
NJIT admits 65.1% of applicants. SAT mid-ranges are 610-750 Math and 600-710 Reading; ACT composite 27-34. Enrollment stands at 9,019 undergraduates. Pell grant rate of 39.6% is notably high for a school with strong earnings outcomes, signaling that NJIT serves a large share of first-generation and lower-income students who achieve strong financial results. Students are primarily NJ residents pursuing engineering, computing, architecture, and technology programs. The school's location in Newark puts students within reach of major employers across the tri-state area.
The Verdict: The Investment Pays Off
If you're asking whether New Jersey Institute of Technology is worth it, the short answer is yes - it's one of the strongest money decisions in higher education. Four years here run about $66,016 after aid, and the typical graduate earns $84,276 ten years out. That earnings head start covers the cost in roughly 4.2 years, well ahead of most schools.
What it has going for it: a strong earnings premium over high school graduates, its 72.8% graduation rate, manageable debt relative to earnings, high loan repayment success.
Median debt of $21,000 among graduates who borrowed, against average earnings of $54,800 six years after entry, gives a debt-to-earnings ratio of 0.38, under the 1.0 point at which debt would equal a full year of those earnings. Your major matters a lot here: graduates in higher-earning fields will see the better end of this.
New Jersey Institute of Technology: Common Questions
Is New Jersey Institute of Technology worth it?
In our view, yes - for most students New Jersey Institute of Technology pays off. It scores 92/100 on our ROI scale. You'd pay about $16,504 a year after aid ($66,016 over four years), and the typical graduate earns $84,276 ten years after enrollment, so the cost takes roughly 4.2 years to earn back.
How much does New Jersey Institute of Technology cost after financial aid?
The average net price - the cost of attendance (tuition, fees, books, supplies and average living costs) minus grants and scholarships, for full-time, first-time students receiving federal aid - is about $16,504 a year, or roughly $66,016 over four years. Because it counts living costs, it can run above tuition alone. That is the number to plan around. Actual cost varies by family income, per the U.S. Department of Education's College Scorecard.
What do New Jersey Institute of Technology graduates earn?
The typical graduate earns about $84,276 ten years after enrolling, roughly $42,476 a year more than the median high-school graduate ($41,800, per NCES, 2022). That earnings gap is what has to cover the cost of the degree.
How long does it take to pay off New Jersey Institute of Technology?
We estimate the payback period - the time it takes for the earnings bump over a high-school graduate to cover what you spent - at about 4.2 years for New Jersey Institute of Technology. The median across the schools we track is about 12 years.
How much debt do New Jersey Institute of Technology graduates take on?
Among graduates who borrowed, median federal loan debt from this school is about $21,000, against average earnings of $54,800 six years after entry - a debt-to-earnings ratio of 0.38. In our view that is reasonable, though your major matters: higher-earning fields will see the better end of it.
What is the graduation rate at New Jersey Institute of Technology?
The six-year graduation rate is 72.8%, at or above the 64% national average for four-year schools (NCES, 2022). Completion is 15% of our ROI score, since a degree you don't finish rarely pays back.
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Data: College Scorecard API (U.S. Department of Education)
Vintage: 2024-2025 · Last updated: 2026-03-25
Earnings reflect median outcomes for all federal financial aid recipients. Individual results vary by major, effort, and career path.