2023 Best Value Colleges for Engineering-Related Fields in New Jersey (With Aid)

When it comes to choosing a college, students have a lot of options - but not all of them are good. Our mission at College Factual is to arm you with as much information as we can to help you make that decision. Our “Best Value Engineering-Related Fields Schools in New Jersey For Those Getting Aid” ranking is one tool we have developed to help in this regard.

Engineering-Related Fields is the 112th most popular major in the country with 6,736 degrees awarded in 2020-2021. 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 Value Engineering-Related Fields Schools in New Jersey For Those Getting Aid” ranking looked at 2 colleges that offer degrees in a bachelor’s in engineering-related fields. The schools that top this list are recognized because they have great engineering-related fields programs and cost less that schools of similar quality.

To come up with these rankings, we looked at factors such as the cost to attend the school after aid is awarded and overall quality of the engineering-related fields program at the school. For more information, check out our ranking methodology.

One Size Does Not Fit All

The engineering-related fields school you choose to invest your time and money in matters. To help you make the decision that is right for you, we’ve developed a number of major-specific rankings, including this list of “Best Value Engineering-Related Fields Schools in New Jersey For Those Getting Aid”.

One of our other unique offerings is College Combat. This tool lets you build your own customized comparisons utilizing the factors that are most important 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.

Best Value Engineering-Related Fields Schools in New Jersey For Those Getting Aid

The following schools top our list of the Best Best Value Engineering-Related Fields Schools in New Jersey For Those Getting Aid.

Top 2 Best Value Colleges for Engineering-Related Fields in New Jersey (With Aid)

1

New Jersey Institute of Technology
Newark, New Jersey

#2 in overall quality

$18,582 Average Net Price

$64,531 Average Early-Career Earnings

Out of the 2 schools in the Best Value Engineering-Related Fields Schools in New Jersey For Those Getting Aid that were part of this year’s ranking, New Jersey Institute of Technology landed the #1 spot on the list. NJIT is a public institution located in Newark, New Jersey. The school has a fairly large population, and it awarded 109 ’s degrees in 2020-2021.

NJIT also took the #2 spot in our “Best Engineering-Related Fields Schools in New Jersey” ranking. It costs about $18,582 for new jersey engineering-related fields students with aid per year to attend New Jersey Institute of Technology.

With a freshman retention rate of 89%, the school does an excellent job of retaining its undergraduate students. The low undergrad student loan default rate of 4.0% 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 full report on Engineering-Related Fields at New Jersey Institute of Technology

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 Value Engineering-Related Fields Schools in New Jersey For Those Getting Aid. Hoboken, New Jersey is the setting for this medium-sized institution of higher learning. The private not-for-profit school handed out ’s engineering-related fields degrees to 138 students in 2020-2021.

Stevens did well in our major quality rankings, too. It placed #1 on our “Best Engineering-Related Fields Schools in New Jersey” list. It costs about $37,211 for New Jersey Engineering-Related Fields students with aid per year to attend Stevens.

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%. Students who start out at the school are likely to stick around. The freshman retention rate is 93%.

Read more about Engineering-Related Fields at Stevens

• Best Value Colleges for Engineering-Related Fields in the Middle Atlantic Region (With Aid)
• Best Value Colleges for Engineering-Related Fields (With Aid)

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.