College Factual  by our College Data Analytics Team
       Unbiased Factual Guarantee

Is NJIT a Good School for the Money?

Below Average National Value
Unknown In-State Value
$185,338 Avg Total Cost

New Jersey Institute of Technology Value Report

What is a NJIT degree worth? College Factual's value analysis compares NJIT with other schools of similar quality to see if it's priced fairly.

Below Average Value Nationwide

Below Average National Value
Top 10% National Quality
Expensive Price

New Jersey Institute of Technology is ranked #1,589 out of 2,223 for value nationwide.

Based on our analysis of other colleges at similar price points, we believe New Jersey Institute of Technology is overpriced for the quality education it provides. (This takes into account average financial aid and may not apply to you if you have further scholarships, grant or aid provided to you.)

National Value Ranking  1589 out of 2223
Overpriced
Great Value
National Value Score  29.09 out of 100
Overpriced
Great Value

Prices of Institutions with Similar Quality Scores

SchoolTotal PriceValue Grade

*Total price is determined by multiplying average annual cost by time to graduate.

That Degree May Cost You $185,338 in Total

The NJIT time to graduate is about 4.51 years and will cost an estimated $41,095 per year. This brings the total cost to 185,338.

Amount
Average Yearly Cost$41,095
Average Years to Graduate4.51
Estimated Avg Total Cost of Degree$185,338

Many Factors Affect Net Price

Consider the average NJIT student takes 4.51 years to complete their degree. If you can complete your degree faster than that you will save money. This is just one way your NJIT degree may cost less than average.

Does This School Make Financial Sense To You?

$113,986 In-State With Aid
$223,128 Avg Cost No Aid
4.51 Years to Graduate

Most students will not pay the full sticker price and few students fit perfectly into averages.

Look at the table below to get a sense of how NJIT value for your educational dollar might vary.

Nationwide Value by Aid GroupAvg Degree CostValue RankValue Grade
Students with no Aid$223,128#0F
All Students$185,338#1,589D
Only Students Receiving Aid$163,145#616B
In-State Value by Aid GroupAvg Degree CostValue RankValue Grade
Students with no Aid$173,969#F
All Students$136,179#F
Only Students Receiving Aid$113,986#F

Note: the Value Grade for in-state students is calculated by looking only at other schools in the state of New Jersey.

About 93% of NJIT students receive financial aid. Get more details on what NJIT financial aid you may qualify for.

How to Finance The Gap

How to Calculate Value

College Factual calculates average total cost by multiplying net price by time to graduation. We then compare the average total cost to other schools of a similar quality to determine value. If the school is priced fairly based on the educational quality it receives a fair ranking. If it is underpriced it receives a good or excellent value.

Read the full Best for the Money Ranking Methodology.

References

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