How Much Financial Aid is Available?
$24,443 is the average New Jersey Institute of Technology's first year financial aid deal. About 74.0% of first year students receive some kind of financial aid, most of which is in the form of scholarships and grants.
Financial aid includes loans, grants, and scholarships. However, loans need to be paid off, so they aren't a true discount.
Worried about the student loans that may be part of your financing deal? View the average amount of debt per student at NJIT.
Number of NJIT Grants & Scholarships
The below numbers refer to grants and scholarships mainly offered by New Jersey Institute of Technology.
56.0% of new students (556 total) were awarded scholarships at New Jersey Institute of Technology, averaging $13,543 per person. This puts it in the top 40th percentile of all schools in the country.
As well as scholarships, 34.0% of freshmen (336 total) received federal grant aid, averaging $4,766 per person.
Check out the usual amount of grants and scholarships first years get by checking out the graph below.
Grants are usually based on need while scholarships are merit-based.
How Family Income Affects Aid
The next table displays scholarship and grant allocations by income for freshmen receiving any sort of federal Title IV assistance, such as Federal PLUS loans.
|Income Level||Percent of Freshman||Average Assistance|
|Income 110k +||14.5%||$4,923|
Title IV aid includes loans, grants, or work-study given by the federal government generally determined by financial need. Learn more here.
$12,487 is the Standard Total an Undergraduate Will Get in Grants or Scholarships
4,533 NJIT undergrads obtain grants (this is about 57.0% of the entire student body). The usual amount these students obtain is $12,487
Financial Aid Links from New Jersey Institute of Technology
|Financial Aid Department Website||www.njit.edu/financialaid/|
|Net Price Calculator||www.njit.edu/admissions/njheoa/|