New Jersey Institute of Technology: Cost, Graduate Salary, Acceptance Rate and Return on Investment
New Jersey Institute of Technology is a public college in Newark, NJ. Students pay about $16,504 a year in net price, and the median graduate earns $84,276 ten years after enrolling. By our Degree-ROI measure the degree pays back in about 2.3 years and adds $288,744 over a decade, ranking it #44 of 918 (top 6%) by value added.
What is New Jersey Institute of Technology's acceptance rate?
New Jersey Institute of Technology has an acceptance rate of 65.1%, which makes it moderately selective. It is a public institution in Newark, NJ enrolling about 9,019 students, with a 72.9% graduation rate.
How much does New Jersey Institute of Technology cost?
New Jersey Institute of Technology costs about $16,504 per year in average net price, what a typical student actually pays after grants and scholarships. Over four years, including typical borrowing, that totals roughly $87,016. Published sticker cost of attendance is $32,859 per year.
How much do New Jersey Institute of Technology graduates earn?
Ten years after enrolling, the median New Jersey Institute of Technology student earns $84,276 per year. That is $37,576 more than the $46,700 that the typical worker with only a high-school diploma earns.
Is New Jersey Institute of Technology worth it? Degree ROI and payback period
New Jersey Institute of Technology pays back its roughly $87,016 cost in about 2.3 years, then keeps returning the earnings premium. Over the first decade the degree adds about $288,744 net of cost, a 4.32x return on the money invested. That ranks it #44 of 918 (top 6%) by value added. Its top-tier value is driven mainly by strong graduate earnings and public-school pricing.
Top 10% value
New Jersey Institute of Technology graduation rate and student debt
72.9% of New Jersey Institute of Technology students complete their degree, and the median graduate leaves with $21,000 in federal student debt. That debt is about 25% of one year of median graduate earnings.
New Jersey Institute of Technology by the numbers (vs the typical college)
How New Jersey Institute of Technology compares to the median four-year college in our snapshot. Percentile is its rank among the 918 colleges that report both earnings and cost (higher is better).
| Metric | This school | Median college | Percentile |
|---|---|---|---|
| Avg net price / yr | $16,504 | $20,299 | cheaper than 68% |
| Median earnings (10 yrs) | $84,276 | $54,768 | 93th |
| Graduation rate | 72.9% | 57.0% | 81th |
| Acceptance rate | 65.1% | 75.7% | more selective than 69% |
| 10-yr value added | $288,744 | -$28,192 | 95th |
| ROI multiple (per $1) | 4.32x | 0.73x | 96th |
| Payback period | 2.3 yrs | 8.8 yrs | faster than 95% |
Frequently asked
Is New Jersey Institute of Technology worth the cost compared to other colleges?
By value added net of cost, New Jersey Institute of Technology ranks #44 of 918 (top 6%) of the 918 four-year colleges we rank, and returns about 4.32x the money invested over a decade.
Is New Jersey Institute of Technology expensive compared to other colleges?
Its $16,504 average net price is below the $20,299 median for the colleges in this snapshot, making it cheaper than 68% of them.
Do New Jersey Institute of Technology graduates earn more than average?
Median earnings of $84,276 ten years out are above the $54,768 median, higher than 93% of the colleges here.
How hard is it to get into New Jersey Institute of Technology compared to other colleges?
Its 65.1% acceptance rate is below the 75.7% median, making it more selective than 69% of the colleges in the snapshot.
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