2023 Best Vallue Engineering-Related Fields Schools in New Jersey For Those Making Over $110k

Students have lots of options to chooose from today when trying to decide which college to attend. College Factual was founded, in part, to help students make the decision as to what would be the best school for them. Our “Best Vallue Engineering-Related Fields Schools in New Jersey For Those Making Over $110k” ranking is part of that endeavor.

In 2020-2021, 6,736 people earned their degree in engineering-related fields, making the major the 112th most popular in the United States. In 2019-2020, engineering-related fields graduates who were awarded their degree in 2017-2019, earned an average of $77,404 and had an average of $26,200 in loans still to pay off.

Across New Jersey, there were 276 engineering-related fields graduates with average earnings and debt of $79,828 and $26,821 respectively.

This year’s “Best Vallue Engineering-Related Fields Schools in New Jersey For Those Making Over $110k” ranking analyzed 2 colleges that offered a degree in engineering-related fields. This ranking identifies schools with high-quality engineering-related fields programs that also have a lower cost than schools of similar quality.

Some of the factors we look at when determining these rankings are overall quality of the engineering-related fields program at the school and the cost of the school after aid is awarded among other things. See our ranking methodology to learn more.

One Size Does Not Fit All

Since picking the right college can be one of the most important decisions of your life, we’ve developed the “Best Vallue Engineering-Related Fields Schools in New Jersey For Those Making Over $110k” ranking, along with many other major-related rankings, to help you make that decision.

We’ve created a tool called College Combat that lets you create your own customized comparisons based on the factors that matter the most to you. Test it out when you get a chance! You may also want to bookmark the link and share it with others who are trying to make the college decision.

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Best Vallue Engineering-Related Fields Schools in New Jersey For Those Making Over $110k

The colleges and universities below are the best for new jersey engineering-related fields students whose families make more than $110k.

Top 2 Best Value Colleges for Engineering-Related Fields (Income Over $110k) in New Jersey

1

New Jersey Institute of Technology
Newark, New Jersey

#2 in overall quality

$18,582 Average Net Price

$64,531 Average Early-Career Earnings

You’ll be in good company if you decide to attend New Jersey Institute of Technology. It ranked #1 on our 2023 Best Vallue Engineering-Related Fields Schools in New Jersey For Those Making Over $110k list. New Jersey Institute of Technology is a fairly large public school situated in Newark, New Jersey. It awarded 109 ’s engineering-related fields degrees in 2020-2021.

NJIT not only placed well in this ranking. It is also #2 on our “Best Engineering-Related Fields Schools in New Jersey” list. The yearly cost to attend NJIT is $18,582 for New Jersey Engineering-Related Fields students whose families make more than $110k.

The school has an excellent freshman retention rate of 89%, which means students like the school well enough to return for a second year. The undergrad student loan default rate at the school is 4.0%, which is quite low when compared to the national default rate of 10.1%.

Read more about Engineering-Related Fields at NJIT

2

Stevens Institute of Technology
Hoboken, New Jersey

#1 in overall quality

$37,211 Average Net Price

$78,765 Average Early-Career Earnings

You’ll join some of the best and brightest minds around if you attend Stevens Institute of Technology. The school came in at #2 for the Best Vallue Engineering-Related Fields Schools in New Jersey For Those Making Over $110k. Stevens is a private not-for-profit institution located in Hoboken, New Jersey. The school has a medium-sized population, and it awarded 138 ’s degrees in 2020-2021.

As a testament to the quality of education offered at Stevens, the school also landed the #1 spot in our “Best Engineering-Related Fields Schools in New Jersey” ranking. The yearly cost to attend Stevens Institute of Technology is $37,211 for New Jersey Engineering-Related Fields students whose families make more than $110k.

With a freshman retention rate of 93%, the school does an excellent job of retaining its undergraduate students. The low undergrad student loan default rate of 1.7% is a good sign that students have an easier time paying off their loans than they might at other schools. For comparison, the national default rate is 10.1%.

Read more about Engineering-Related Fields at Stevens Institute of Technology

• Best Value Colleges for Engineering-Related Fields (Income Over $110k) in the Middle Atlantic Region
• Best Value Colleges for Engineering-Related Fields (Income Over $110k)

Notes and References

References

• The Integrated Postsecondary Education Data System (IPEDS) from the National Center for Education Statistics (NCES), a branch of the U.S. Department of Education (DOE) serves as the core of our data about colleges.
• Some other college data, including much of the graduate earnings data, comes from the U.S. Department of Education’s (College Scorecard).
• Information about the national average student loan default rate is from the U.S. Department of Education and refers to data about the 2016 borrower cohort tracking period for which the cohort default rate (CDR) was 10.1%.

Read more about our data sources and methodologies

Footnotes

• *Average salary, average net price, and average tuition and fees are for the top schools only.
• Some schools otherwise deserving of recognition may have been removed from this ranking in the event that new data identified post-publication warranted it, or at the request of the school.