New Jersey Institute of Technology
4 Year Degrees
Main Campus
Mid East Region
https://www.njit.edu/
Average Annual Tuition at New Jersey Institute of Technology
The latest data we have for New Jersey Institute of Technology's annual average net costs are from 2021. These costs and and the average New Jersey schools include tuition, fees, living expenses, books, and fees minus the average grants and scholarships for federal financial aid recipients.
| In-state Tuition | Out-of-state Tuition | Median Debt | Avgerate Net Cost | |
|---|---|---|---|---|
| New Jersey Institute of Technology | $18,512 | $34,972 | $21,000 | $18,582 |
| NJ Average | $13,342 | $23,507 | $21,517 | $18,844 |
As you can see, annual costs at New Jersey Institute of Technology have risen over the last few years, and are projected to continue to skyrocket based on our analysis.
Actual Costs Projected Costs
Colleges and universities across the United States experienced cost (tuition + living) increases of 2.5% in 2019. This most recent inflation figure was down slightly from the 2.9 percent in 2018 and 3.4 percent in 2017, but still underscores the rising costs of sending your children to higher education.
These rising costs are hitting closer to home in New Jersey as well. New Jersey's' higher education costs rose by 18.3% in just the last 10 years, ranking as the 44th highest state.
New Jersey Institute of Technology Financial Assistance
34% of students enrolled at New Jersey Institute of Technology receive some form of Federal loan assistance. You can view New Jersey Institute of Technology's student aid calculator here.
Use a 529 Plan to Offset Rising Education Costs
One of the most sound investments you can make to help pay for your child's higher education is by using a 529 plan. These funds grow in a tax-free environment, and generally have a 3-5% rate of return. The only catch is that all funds need to be used for higher education, and if not... there are monetary penalties imposed when withdrawn for other uses.
New Jersey has two 529 savings programs, both managed by Franklin Templeton Investments. One 529 plan is direct-sold and available only to New Jersey residents (NJBEST), and the other is sold nationwide through financial advisors (Franklin Templeton 529 College Savings Plan).
| State Plan Name: | NJ BEST College Savings Plan |
|---|---|
| Minimum Contribution: | $25 |
| Maximum Contribution: | up to $305,000 per beneficiary |
| Fees: | Program management fee of 0.1% of assets each year. $25 annual maintenance fee, waived for New Jersey residents. |
New Jersey School Statistics
We've analyzed all other higher education schools in NJ, and wrapped it up nicely into a report for you. View our NJ analysis report.
There are 12 other accredited public schools located in the state of New Jersey. You can view all NJ schools here.