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 Aid | Percent Receiving Aid | Total Amount of Aid Received | Average Amount of Aid Received | |
---|---|---|---|---|
Grant or scholarship aid | 5,072 | 60% | $66,195,245 | $13,051 |
Pell Grants | 3,018 | 36% | $14,274,595 | $4,730 |
Federal Students Loans | 2,728 | 32% | $18,875,363 | $6,919 |
Advertisement
Undergraduate Student Financial Aid Comparison Chart
First-time Undergraduate Financial Aid by Type
Number Receiving Aid | Percent Receiving Aid | Total Amount of Aid Received | Average Amount of Aid Received | |
---|---|---|---|---|
Any Financial Aid | 984 | 91% | - | - |
Grant or scholarship aid | 898 | 83% | $13,112,292 | $14,602 |
Federal Grants | 373 | 34% | $1,983,016 | $5,316 |
Pell Grants | 373 | 34% | $1,891,516 | $5,071 |
Other Federal Grants | 192 | 18% | $91,500 | $477 |
State/Local Grants | 352 | 33% | $3,204,067 | $9,102 |
Institutional Grants | 723 | 67% | $7,925,209 | $10,962 |
Student Loans | 478 | 44% | $3,954,480 | $8,273 |
Federal Student Loans | 465 | 43% | $2,393,885 | $5,148 |
Other Student Loans | 100 | 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 Aid | Total Amount of Aid Received | Average Amount of Aid Received |
---|---|---|---|---|
All Income Level | - | - | $7,356,724 | $11,866 |
0 - $30,000 | 193 | 192 | $3,525,710 | $18,268 |
$30,001 - $48,000 | 107 | 107 | $1,706,872 | $15,952 |
$48,001 - $75,000 | 85 | 81 | $900,065 | $10,589 |
$75,001 - $110,000 | 88 | 66 | $541,485 | $6,153 |
$110,001 - more | 147 | 97 | $682,592 | $4,643 |
Paid Tuition Rates by Residency
# of Students | |
---|---|
In-District Rate | 0 |
In-State Rate | 989 |
Out-of-State Rate | 93 |
Un-known | 0 |
Number of Students by Living Arrangment (Freshmen)
# of Students | |
---|---|
Living On-Campus | 414 |
Living Off-Campus | 0 |
Living with Family | 398 |
Un-known | 0 |
Similar Colleges to NJIT
Milwaukee, WI
Oxford, OH
Vestal, NY
Stillwater, OK
Bloomington, IN