Financial Aid at NJIT

Financial Aid Amount Received
$13,051 (39.09% of tuition & fees)
Percent of Financial Aid Received
60% of 8,532 students

All Undergraduate Students Financial Aid

5,072 undergraduate students (60% of all students) have received grants, scholarship, and/or federal student loans at New Jersey Institute of Technology. The percentage of students received financial aid higher compared to Public, 4-Years or High Colleges in New Jersey. Compare to similar schools in rankings such as University of Wisconsin-Milwaukee and Miami University-Oxford, the percentage of students received financial aid is average (the average of the schools is 65.60%).
The average amount of grants of scholarship aid is $13,051 and the average loan amount is $6,919. The average financial aid amount is 39.09% of tuition & fees based on out-of-state rate (tuition & fees: $33,386).

Undergraduate Financial Aid by Type

Number Receiving AidPercent Receiving AidTotal Amount of Aid ReceivedAverage Amount of Aid Received
Grant or scholarship aid5,072 60%$66,195,245$13,051
Pell Grants3,018 36%$14,274,595$4,730
Federal Students Loans2,728 32%$18,875,363$6,919
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Undergraduate Student Financial Aid Comparison Chart

First-time Undergraduate Financial Aid by Type

Number Receiving AidPercent Receiving AidTotal Amount of Aid ReceivedAverage Amount of Aid Received
Any Financial Aid98491%--
Grant or scholarship aid898 83%$13,112,292$14,602
Federal Grants373 34%$1,983,016$5,316
Pell Grants373 34%$1,891,516$5,071
Other Federal Grants192 18%$91,500$477
State/Local Grants352 33%$3,204,067$9,102
Institutional Grants723 67%$7,925,209$10,962
Student Loans478 44%$3,954,480$8,273
Federal Student Loans465 43%$2,393,885$5,148
Other Student Loans100 9%$1,560,595$15,606

First-time (full-time) Undergraduate Students Financial Aid

For the full-time, first-time undergraduate students (in most case freshmen), 898 students have received one or more types of financial aid at New Jersey Institute of Technology.
The average amount of federal, state, local or institutional grant aid is $14,602 and the average amount of student loans awarded to full-time first-time undergraduate students is $8,273.
Next table shows the financial data by type of aid at New Jersey Institute of Technology.

Financial Aid by Income Level

Next table summarizes the number of schools receiving financial aid and its average amount by income levels at New Jersey Institute of Technology.
Income Level# of Students# of Students Receiving AidTotal Amount of Aid ReceivedAverage Amount of Aid Received
All Income Level--$7,356,724$11,866
0 - $30,000193 192$3,525,710$18,268
$30,001 - $48,000107 107$1,706,872$15,952
$48,001 - $75,00085 81$900,065$10,589
$75,001 - $110,00088 66$541,485$6,153
$110,001 - more147 97$682,592$4,643

Paid Tuition Rates by Residency

# of Students
In-District Rate0
In-State Rate989
Out-of-State Rate93
Un-known0

Number of Students by Living Arrangment (Freshmen)

# of Students
Living On-Campus414
Living Off-Campus0
Living with Family398
Un-known0

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