New Jersey Institute of Technology

www.njit.edu/

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2021 Undergraduate Tuition

$14,790

2.37% growth from 2020

2021 Average Net Price

$16,878

After Financial Aid

2019 Student Loan

0.729%

Default Rate

2021 Acceptance Rate

69.1%

11,578 Applicants

2021 Enrolled Students

11,901

74.7% Full-Time

2021 Graduation Rate

73.7%

720 Graduates

About

New Jersey Institute of Technology is a higher education institution located in Essex County, NJ. In 2021, the most popular Bachelors Degree concentrations at New Jersey Institute of Technology were Mechanical Engineering (250 degrees awarded), General Engineering Technology (221 degrees), and Information Technology (214 degrees).

In 2021, 3,020 degrees were awarded across all undergraduate and graduate programs at New Jersey Institute of Technology. 27.7% of these degrees were awarded to women, and 72.3% awarded men. The most common race/ethnicity group of degree recipients was white (900 degrees), 1.46 times more than then the next closest race/ethnicity group, asian (615 degrees).

The median undergraduate tuition at New Jersey Institute of Technology is $14,790, which is $−14,202 less than the national average for Doctoral Universities ($28,992).

Doctoral Universities: Higher Research Activity Doctoral Universities

Costs

In 2021, the median undergraduate tuition at New Jersey Institute of Technology is $14,790, which is $−14,202 less than the national average for Doctoral Universities ($28,992).

After taking grants and loans into account, the average net price for students is $16,878.

In 2021, 67% of undergraduate students attending New Jersey Institute of Technology received financial aid through grants. Comparatively, 37% of undergraduate students received financial aid through loans.

Tuition Costs

$14,790

2021 Undergraduate Tuition

In 2021, the cost of tuition at New Jersey Institute of Technology was $14,790. The cost of tuition at New Jersey Institute of Technology is $−14,202 less than than the overall (public and private) national average for Doctoral Universities ($28,992).

This chart compares the tuition costs of New Jersey Institute of Technology (in red) with those of other similar universities.

Average Net Price

$16,878

2021 Value

7.91%

1 Year Growth

In 2021 New Jersey Institute of Technology had an average net price — the price paid after factoring in grants and loans — of $16,878. Between 2020 and 2021, the average net price of New Jersey Institute of Technology grew by 7.91%.

This chart compares the average net price of New Jersey Institute of Technology (in red) with that of other similar universities.

Average net price is calculated from full-time beginning undergraduate students who were awarded a grant or scholarship from federal, state or local governments, or the institution.

Other Student Expenses

$13,150

Room and Board

$2,900

Books and Supplies

The average yearly cost of room and board at New Jersey Institute of Technology was of $13,150 in 2021. The cost of room and board decreased by 5.4% between 2020 and 2021.

During the same period, the average yearly cost of books and supplies was $2,900. The cost of books and supplies did not change during the same period.

This chart compares the average student costs at New Jersey Institute of Technology (in red) with that of similar universities.

Financial Aid by Income Level

67%

Undergraduates Receiving Financial Aid through Grants

37%

Undergraduates Receiving Financial Aid through Loans

67% of undergraduate students at New Jersey Institute of Technology received financial aid through grants or loans in 2021. This represents a decline of 2.9% with respect to 2020, when 69% of undergraduate students received financial aid.

This chart compares the average award discount at New Jersey Institute of Technology (in red) with that of other similar universities.

The average award discount is the ratio between the average grant or scholarship value, and the cost, which is the sum of out-of-state tuition, room, board, book, supplies, and other expenses.

Student Loan Default Rate

Cohort default rates only account for borrowers who default in the first three years, and some schools only have a small proportion of borrowers entering repayment. These rates should be interpreted with caution, as they may not be reflective of the entire school population.

0.729%

2019 Default Rate

Number of Defaults

In 2019 the default rate for borrower's at New Jersey Institute of Technology was 0.729%, which represents 13 out of the 1783 total borrowers.

A cohort default rate is the percentage of a school's borrowers who enter repayment on certain Federal Family Education Loan (FFEL) Program or William D. Ford Federal Direct Loan (Direct Loan) Program loans during a particular federal fiscal year (FY), October 1 to September 30, and default or meet other specified conditions prior to the end of the second following fiscal year.

Admissions

New Jersey Institute of Technology received 11,578 undergraduate applications in 2021, which represents a 12.4% annual growth. Out of those 11,578 applicants, 8,005 students were accepted for enrollment, representing a 69.1% acceptance rate.

There were 11,901 students enrolled at New Jersey Institute of Technology in 2021. 42% of first-time enrollees submitted SAT scores with their applications.

New Jersey Institute of Technology has an overall enrollment yield of 17.2%, which represents the number of admitted students who ended up enrolling.

Acceptance Rate

69.1%

Acceptance Rate in 2021

8,005

Accepted Out of 11,578

In 2021, the undergraduate acceptance rate of New Jersey Institute of Technology was 69.1% (8,005 admissions from 11,578 applications). This is higher than the acceptance rate of 2020, which was 66%. Between 2020 and 2021, the number of applicants grew by 12.4%, while admissions grew by 17.7%..

This chart compares the acceptance rate of New Jersey Institute of Technology (in red) with that of other similar universities, and the chart below shows the acceptance rate by gender.

SAT Scores

42%

Submission Percentage (2021)

577

Scores Submitted (2021)

42% of enrolled first-time students at New Jersey Institute of Technology in 2021 submitted SAT scores with their applications.

This chart shows the SAT scores for the 25th and 75th percentile of applicants broken out into each section of the test that their are evaluated on.

Enrollment

New Jersey Institute of Technology had a total enrollment of 11,901 students in 2021. The full-time enrollment at New Jersey Institute of Technology is 8,886 students and the part-time enrollment is 3,015. This means that 74.7% of students enrolled at New Jersey Institute of Technology are enrolled full-time.

The enrolled student population at New Jersey Institute of Technology, both undergraduate and graduate, is 28.5% White, 20.3% Asian, 18.1% Hispanic or Latino, 8.63% Black or African American, 2.94% Two or More Races, 0.101% American Indian or Alaska Native, and 0.0252% Native Hawaiian or Other Pacific Islanders.

Students enrolled at New Jersey Institute of Technology in full-time Undergraduate programs are most commonly White Male (25.8%), followed by Asian Male (16.9%) and Hispanic or Latino Male (16.1%). Students enrolled in full-time Graduate programs are most commonly White Male (8.41%), followed by Asian Male (5.76%) and White Female (4.11%).

Full-Time vs Part-Time Enrollment

74.7%

Full-Time Enrollment

The total enrollment at New Jersey Institute of Technology in 2021, both undergraduate and graduate, is 11,901 students. The full-time enrollment at New Jersey Institute of Technology is 8,886 and the part-time enrollment is 3,015. This means that 74.7% of students enrolled at New Jersey Institute of Technology are enrolled full-time compared with 76.6% at similar Doctoral Universities.

This chart shows the full-time vs part-time enrollment status at New Jersey Institute of Technology (in red) compares to similar universities.

Retention Rate over Time

88%

2021 Retention Rate

Retention rate measures the number of first-time students who began their studies the previous fall and returned to school the following fall. The retention rate for full-time undergraduates at New Jersey Institute of Technology was 88%. Compared with the full-time retention rate at similar Doctoral Universities (84%), New Jersey Institute of Technology had a retention rate higher than its peers.

This chart shows the retention rate over time at New Jersey Institute of Technology (highlighted in red) compares to similar universities.

Enrollment by Race & Ethnicity

Most Common Race or Ethnicity (2021)

White
3,390 enrolled students
Asian
2,414 enrolled students
Hispanic or Latino
2,149 enrolled students

The enrolled student population at New Jersey Institute of Technology is 28.5% White, 20.3% Asian, 18.1% Hispanic or Latino, 8.63% Black or African American, 2.94% Two or More Races, 0.101% American Indian or Alaska Native, and 0.0252% Native Hawaiian or Other Pacific Islanders. This includes both full-time and part-time students as well as graduate and undergraduates. By comparison, enrollment for all Doctoral Universities is 48.9% White, 15.1% Hispanic or Latino, and 9.56% Black or African American.

Any student who is studying in the United States on a temporary basis is categorized as a "Non-Resident Alien", and the share of those students are shown in the chart below. Additionally, 890 students (7.48%) did not report their race.

Graduates

In 2021, 1,346 fewer women than men received degrees from New Jersey Institute of Technology. The most common race/ethnicity group of degree recipients at New Jersey Institute of Technology is white (900 degrees awarded). There were 1.46 times more white recipients than the next closest race/ethnicity group, asian (615 degrees).

The most common Bachelor's Degree concentration at New Jersey Institute of Technology is Mechanical Engineering (250 degrees awarded), followed by General Engineering Technology (221 degrees) and Information Technology (214 degrees).

In 2021, the most specialized majors across all degree types at New Jersey Institute of Technology, meaning they have significantly more degrees awarded in that concentration than the national average across all institutions, are Engineering (1,164 degrees awarded), Architecture and Related Services (99 degrees), and Engineering Technologies (339 degrees).

Common Jobs by Major

Software developers

Most Common Job

The most common jobs for people who hold a degree in one of the 5 most specialized majors at New Jersey Institute of Technology are Software developers (890,057 people), Other managers (424,715 people), Miscellaneous engineers, including nuclear engineers (373,537 people), Civil engineers (272,303 people), and Mechanical engineers (205,524 people).

The most specialized majors at New Jersey Institute of Technology in 2021 are Engineering (1,164 degrees awarded), Architecture and Related Services (99 degrees), Engineering Technologies (339 degrees), Computer and Information Sciences and Support Services (894 degrees), and Communication Technologies (16 degrees) (as of 2021).

Highest Paying Jobs by Major

Podiatrists

Highest Paying Job

The highest paying jobs for people who hold a degree in one of the 5 most specialized majors at New Jersey Institute of Technology are Podiatrists, Cardiovascular technologists and technicians, Surgeons, Physicians, and Magnetic resonance imaging technologists

The most specialized majors at New Jersey Institute of Technology are Engineering (1,164 degrees awarded), Architecture and Related Services (99 degrees), Engineering Technologies (339 degrees), Computer and Information Sciences and Support Services (894 degrees), and Communication Technologies (16 degrees) (as of 2021).

Common Industries by Major

Computer Systems Design

Most Common Industry

The most common industries for people who hold a degree in one of the 5 most specialized majors at New Jersey Institute of Technology are Computer Systems Design (966,239 people), Architectural, engineering & related services (579,815 people), Construction (345,868 people), Colleges, universities & professional schools, including junior colleges (251,779 people), and Management, scientific & technical consulting services (195,047 people).

Majors Awarded

IPEDS uses the Classification of Instructional Programs (CIP) standard, so the categories may not match the exact concentrations offered by New Jersey Institute of Technology.

Most Common (2021)

Mechanical Engineering
250 degrees awarded
General Engineering Technology
221 degrees awarded
Information Technology
214 degrees awarded

In 2021, the most common bachelors degree concentration at New Jersey Institute of Technology was Mechanical Engineering with 250 degrees awarded.

This visualization illustrates the percentage of degree-majors recipients from bachelors degree programs at New Jersey Institute of Technology according to their major.

Sex Breakdown for Common Majors

2,183

Degrees Awarded to Men

in 2021

837

Degrees Awarded to Women

in 2021

In 2021, 2,183 degrees were awarded to men at New Jersey Institute of Technology, which is 2.61 times more than the number of degrees awarded to females (837).

This chart displays the sex disparity between the top 5 majors at New Jersey Institute of Technology by degrees awarded.

Most Common Male Majors

In 2021, 319 degrees were awarded to men at New Jersey Institute of Technology in General Computer & Information Sciences, which is 3.75 times more than the 85 female recipients with that same degree.

Most Common Female Majors

In 2021, 85 degrees were awarded to men at New Jersey Institute of Technology in General Computer & Information Sciences, which is 0.266 times less than the 319 male recipients with that same degree.

Time to Complete

37%

100% Completion Time

67%

150% Completion Time

In 2021, 37% of students graduating from New Jersey Institute of Technology completed their program within 100% "normal time" (i.e. 4 years for a 4-year degree). Comparatively, 67% completed their degrees within 150% of the normal time, and 70% within 200%.

The following chart shows these completion rates over time compared to the average for the Doctoral Universities Carnegie Classification group.

Graduation rate is defined as the percentage of full-time, first-time students who received a degree or award within a specific percentage of "normal time" to completion for their program.

Graduation Rate by Race and Sex

Showing demographic groups with ≥ 5 graduating students.

American Indian or Alaska Native Male

Highest Graduation Rate (100%)

The student demographic with the highest graduation rate in 2021 at New Jersey Institute of Technology is Male and American Indian or Alaska Native (100% graduation rate). Across all Doctoral Universities, Asian Female students have the highest graduation rate (72.9%).

The department of education defines graduation rate as the percentage of full-time, first-time students who received a degree or award within 150% of "normal time" to completion.

The National Center for Education Statistics (NCES) categorizes any student who is studying in the United States on a temporary basis as a "Non-Resident Alien", and the graduation rate of those students is shown in the chart below. Additionally, 3.19% of graduates (23 students) did not report their race.

Race & Ethnicity by Share

Most Common Student Race or Ethnicity (2021)

White
900 degrees awarded
Asian
615 degrees awarded
Hispanic or Latino
487 degrees awarded

The most common race/ethnicity at New Jersey Institute of Technology is white (900 degrees awarded). There were 1.46 times more white recipients than the next closest race/ethnicity group, asian (615 degrees).

2.72% of degree recipients (82 students) did not report their race.

Race & Ethnicity by Sex

Most Common Sex Demographic (2021)

White Male
714 degrees awarded
Asian Male
445 degrees awarded
Hispanic or Latino Male
336 degrees awarded

The most common race/ethnicity and sex grouping at New Jersey Institute of Technology is white male (714 degrees awarded). There were 1.6 times more white male recipients than the next closest race/ethnicity group, asian male (445 degrees).

Operations

New Jersey Institute of Technology has an endowment valued at nearly $170M, as of the end of the 2021 fiscal year. The return on its endowment was of 42.5M (25.1%) compared to the 10.4% average return (40.5M on 388M) across all Doctoral Universities.

In 2021, New Jersey Institute of Technology had a total salary expenditure of 445M. New Jersey Institute of Technology employs 135 Professors, 130 Lecturers and 102 Associate professors. Most academics at New Jersey Institute of Technology are Male Professor (118), Male Lecturer (88), and Male Associate professor (76).

The most common positions for non-instructional staff at New Jersey Institute of Technology are: Business and Financial Operations, with 187 employees, Service, with 148 employees, and Office and Administrative Support with 146 employees.

Endowment

$170M

2021 Endowment

25.2%

growth from 2020

New Jersey Institute of Technology has an endowment valued at about $170M, as of the end of the 2021 fiscal year. The endowment of New Jersey Institute of Technology grew 25.2% from the previous year. The value of their endowment was $218M lower than than the median endowment of Doctoral Universities according to the Carnegie Classification grouping.

This line chart shows how the endowment at New Jersey Institute of Technology (in red) compares to that of some similar universities.

The small bar chart below shows the endowment quintiles for all universities in the Doctoral Universities: Higher Research Activity Carnegie Classification grouping.

Salary Expenditure

$166M

2021 Salaries

4.41%

decline from 2020

In 2021, New Jersey Institute of Technology paid a median of $166M in salaries, which represents 37.4% of their overall expenditure ($445M) and a 4.41% decline from the previous year.

The median for similar Doctoral Universities is 234M (42.8% of overall expenditures).

Instructional Salaries

$60.4M

Instructional Salaries

468

Number of Employees

In 2021, New Jersey Institute of Technology paid a total of $60.4M to 468 employees working as instructors, which represents 36.3% of all salaries paid.

This is compared to a median of $71M (30.3%) for similar Doctoral Universities.

Occupations by Share

Professor

Most Common Instructor

135 Employees

Business and Financial Operations

Most Common Non-Instructional Employee

187 Employees

In 2021, the most common positions for instructional staff at New Jersey Institute of Technology were Professor with 135 employees, Lecturer with 130 employees, and Associate professor with 102 employees.

In 2021, the most common positions for non-instructional staff at New Jersey Institute of Technology were Business and Financial Operations with 187 employees, Service with 148 employees, and Office and Administrative Support with 146 employees.

Instructors by Academic Rank and Sex

Most Common Demographic (2021)

Male Professor
Male Lecturer
Male Associate professor

In 2021, the most common demographic for instructional staff at New Jersey Institute of Technology was Male Professor with 118 employees, Male Lecturer with 88 employees, and Male Associate professor with 76 employees.

This chart shows the sex split between each academic rank present at New Jersey Institute of Technology.