New Jersey Institute of Technology

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2019 Undergraduate Tuition
$14,448
1.93% growth from 2018
2019 Average Net Price
$18,359
After Financial Aid
2017 Student Loan
4.94%
Default Rate
2019 Acceptance Rate
72.8%
8,201 Applicants
2019 Enrolled Students
11,518
73.6% Full-Time
2018 Graduation Rate
65.2%
607 Graduates

About

New Jersey Institute of Technology is a higher education institution located in Essex County, NJ. In 2016, the most popular Bachelor's Degree concentrations at New Jersey Institute of Technology were General Engineering Technology (222 degrees awarded), Mechanical Engineering (219 degrees), and Information Technology (200 degrees).

In 2019, 2,894 degrees were awarded across all undergraduate and graduate programs at New Jersey Institute of Technology. 25.4% of these degrees were awarded to women, and 74.6% awarded men. The most common race/ethnicity group of degree recipients was white (772 degrees), 1.4 times more than then the next closest race/ethnicity group, asian (552 degrees).

The median undergraduate tuition at New Jersey Institute of Technology is $14,448, which is $−14,052 less than the national average for Doctoral Universities ($28,500).

Costs

The median undergraduate tuition at New Jersey Institute of Technology is $14,448, which is $−14,052 less than the national average for Doctoral Universities ($28,500).

After taking grants and loans into account, the average net price for students is $18,359.

In 2019, 63% of undergraduate students received federal grants, while 43% of undergraduate students received federal loans.

Student Expenses

Tuition Costs

$14,448
2019 Undergraduate Tuition

In 2019, the cost of tuition at New Jersey Institute of Technology was $14,448. The cost of tuition at New Jersey Institute of Technology is $−14,052 less than than the overall (public and private) national average for Doctoral Universities ($28,500).

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Average Net Price

$18,359
2019 Value
2.82%
1 Year Growth

In 2019 New Jersey Institute of Technology had an average net price — the price paid after factoring in grants and loans — of $18,359. Between 2018 and 2019, the average net price of New Jersey Institute of Technology grew by 2.82%.

This chart compares the average net price of New Jersey Institute of Technology (in red) with that of other similar universities.

Average net price is calculated from full-time beginning undergraduate students who were awarded a grant or scholarship from federal, state or local governments, or the institution.

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Other Student Expenses

$13,750
Room and Board
$2,900
Books and Supplies

The average yearly cost of room and board at New Jersey Institute of Technology was of $13,750 in 2019. During the same period, the average yearly cost of books and supplies was $2,900. The cost of room and board increased by 16% between 2018 and 2019. The cost of books and supplies increased by 11.5% during the same period.

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Financial Aid

Financial Aid by Income Level

63%
Of Undergraduates Receive Grants
43%
Of Undergraduates Receive Federal Loans

63% of undergraduate students at New Jersey Institute of Technology received grants or loans in 2019. This represents a growth of 5% with respect to 2018, when 60% of undergraduate students received financial aid.

This chart compares the average award discount at New Jersey Institute of Technology (in red) with that of other similar universities.

The average award discount is the ratio between the average grant or scholarship value, and the cost, which is the sum of out-of-state tuition, room, board, book, supplies, and other expenses.

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Student Loan Default Rate

Cohort default rates only account for borrowers who default in the first three years, and some schools only have a small proportion of borrowers entering repayment. These rates should be interpreted with caution, as they may not be reflective of the entire school population.
4.94%
2017 Default Rate
86
Number of Defaults

In 2017 the default rate for borrower's at New Jersey Institute of Technology was 4.94%, which represents 86 out of the 1741 total borrowers.

A cohort default rate is the percentage of a school's borrowers who enter repayment on certain Federal Family Education Loan (FFEL) Program or William D. Ford Federal Direct Loan (Direct Loan) Program loans during a particular federal fiscal year (FY), October 1 to September 30, and default or meet other specified conditions prior to the end of the second following fiscal year.

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Admissions

New Jersey Institute of Technology received 8,201 undergraduate applications in 2019, which represents a 0.96% annual growth. Out of those 8,201 applicants, 5,971 students were accepted for enrollment, representing a 72.8% acceptance rate.

There were 11,518 students enrolled at New Jersey Institute of Technology in 2019, and 89% of first-time enrollees submitted SAT scores with their applications.

New Jersey Institute of Technology has an overall enrollment yield of 22.8%, which represents the number of admitted students who ended up enrolling.

Acceptance Rate

72.8%
Acceptance Rate in 2019
5,971
Accepted Out of 8,201

In 2019, the undergraduate acceptance rate of New Jersey Institute of Technology was 72.8% (5,971 admissions from 8,201 applications). This is higher than the acceptance rate of 2018, which was 63.7%. Between 2018 and 2019, the number of applicants grew by 0.96%, while admissions grew by 15.5%.

This chart compares the acceptance rate of New Jersey Institute of Technology (in red) with that of other similar universities.

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SAT Scores

89%
Submission Percentage
1,215
Scores Submitted

89% of enrolled first-time students at New Jersey Institute of Technology in 2019 submitted SAT scores with their applications.

This chart shows the SAT scores for the 25th and 75th percentile of applicants broken out into each section of the test that their are evaluated on.

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Enrollment

New Jersey Institute of Technology has a total enrollment of 11,518 students. The full-time enrollment at New Jersey Institute of Technology is 8,479 students and the part-time enrollment is 3,039. This means that 73.6% of students enrolled at New Jersey Institute of Technology are enrolled full-time.

The enrolled student population at New Jersey Institute of Technology, both undergraduate and graduate, is 29% White, 20.1% Asian, 17.9% Hispanic or Latino, 7.69% Black or African American, 2.87% Two or More Races, 0.139% American Indian or Alaska Native, and 0.026% Native Hawaiian or Other Pacific Islanders.

Students enrolled at New Jersey Institute of Technology in full-time Undergraduate programs are most commonly White Male (27.4%), followed by Asian Male (16.9%) and Hispanic or Latino Male (15%). Students enrolled in full-time Graduate programs are most commonly White Male (7.06%), followed by Asian Male (5.37%) and Asian Female (3%).

Full-Time vs Part-Time Enrollment

73.6%
Full-Time Enrollment

The total enrollment at New Jersey Institute of Technology, both undergraduate and graduate, is 11,518 students. The full-time enrollment at New Jersey Institute of Technology is 8,479 and the part-time enrollment is 3,039. This means that 73.6% of students enrolled at New Jersey Institute of Technology are enrolled full-time compared with 77.6% at similar Doctoral Universities.

This chart shows the full-time vs part-time enrollment status at New Jersey Institute of Technology (in red) compares to similar universities.

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Retention Rate over Time

88%
2019 Retention Rate

Retention rate measures the number of first-time students who began their studies the previous fall and returned to school the following fall. The retention rate for full-time undergraduates at New Jersey Institute of Technology was 88%. Compared with the full-time retention rate at similar Doctoral Universities (83%), New Jersey Institute of Technology had a retention rate higher than its peers.

This chart shows the retention rate over time at New Jersey Institute of Technology (highlighted in red) compares to similar universities.

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Enrollment by Race & Ethnicity

Most Common Race or Ethnicity
  1. White
    3,343
  2. Asian
    2,317
  3. Hispanic or Latino
    2,065

The enrolled student population at New Jersey Institute of Technology is 29% White, 20.1% Asian, 17.9% Hispanic or Latino, 7.69% Black or African American, 2.87% Two or More Races, 0.139% American Indian or Alaska Native, and 0.026% Native Hawaiian or Other Pacific Islanders. This includes both full-time and part-time students as well as graduate and undergraduates. By comparison, enrollment for all Doctoral Universities is 50.3% White, 14.3% Hispanic or Latino, and 9.48% Black or African American.

Any student who is studying in the United States on a temporary basis is categorized as a "Non-Resident Alien", and the share of those students are shown in the chart below. Additionally, 849 students (7.37%) did not report their race.

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Graduates

In 2019, 1424 fewer women than men received degrees from New Jersey Institute of Technology. The most common race/ethnicity group of degree recipients at New Jersey Institute of Technology is white (772 degrees awarded). There were 1.4 times more white graduates than the next closest race/ethnicity group, asian (552 degrees).

The most common Bachelor's Degree concentration at New Jersey Institute of Technology is General Engineering Technology (222 degrees awarded), followed by Mechanical Engineering (219 degrees) and Information Technology (200 degrees).

The most specialized majors across all degree types at New Jersey Institute of Technology, meaning they have significantly more degrees awarded in that concentration than the national average across all institutions, are Architecture and Related Services (113 degrees awarded), Engineering (1,178 degrees), and Computer and Information Sciences and Support Services (831 degrees).

Workforce

Common Jobs by Major

Most Common Job

The most common jobs for people who hold a degree in one of the 5 most specialized majors at New Jersey Institute of Technology are Software developers (993,134 people), Other managers (425,582 people), Miscellaneous engineers, including nuclear engineers (369,577 people), Civil engineers (282,307 people), and Mechanical engineers (217,763 people).

The most specialized majors at New Jersey Institute of Technology are Architecture and Related Services (113 degrees awarded), Engineering (1,178 degrees), Computer and Information Sciences and Support Services (831 degrees), Engineering Technologies (302 degrees), and Math & Statistics (52 degrees).

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Highest Paying Jobs by Major

Highest Paying Job

The highest paying jobs for people who hold a degree in one of the 5 most specialized majors at New Jersey Institute of Technology are Surgeons, Other financial specialists, Securities, commodities, & financial services sales agents, Physicians, and Lawyers, & judges, magistrates, & other judicial workers

The most specialized majors at New Jersey Institute of Technology are Architecture and Related Services (113 degrees awarded), Engineering (1,178 degrees), Computer and Information Sciences and Support Services (831 degrees), Engineering Technologies (302 degrees), and Math & Statistics (52 degrees).

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Common Industries by Major

Most Common Industry

The most common industries for people who hold a degree in one of the 5 most specialized majors at New Jersey Institute of Technology are Computer Systems Design (1,013,867 people), Architectural, engineering & related services (589,977 people), Construction (354,616 people), Colleges, universities & professional schools, including junior colleges (306,614 people), and Elementary & secondary schools (218,484 people).

The most specialized majors at New Jersey Institute of Technology are Architecture and Related Services (113 degrees awarded), Engineering (1,178 degrees), Computer and Information Sciences and Support Services (831 degrees), Engineering Technologies (302 degrees), and Math & Statistics (52 degrees).

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Degrees

Majors Awarded

IPEDS uses the Classification of Instructional Programs (CIP) standard, so the categories may not match the exact concentrations offered by New Jersey Institute of Technology.
Most Common
  1. 222 degree-majorss awarded
  2. 219 degree-majorss awarded
  3. 200 degree-majorss awarded

In 2019, the most common bachelors degree concentration at New Jersey Institute of Technology was General Engineering Technology with 222 degrees awarded.

This visualization illustrates the percentage of degree-majors recipients from bachelors degree programs at New Jersey Institute of Technology according to their major.

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Gender Breakdown for Common Majors

2,159
Degrees Awarded to Men
in 2019
735
Degrees Awarded to Women
in 2019

In 2019, 2,159 degrees were awarded to men at New Jersey Institute of Technology, which is 2.94 times more than the number of degrees awarded to females (735).

This chart displays the gender disparity between the top 5 majors at New Jersey Institute of Technology by degrees awarded.

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Most Common Male Majors

In 2019, 296 degrees were awarded to men at New Jersey Institute of Technology in General Computer & Information Sciences, which is 3.89 times more than the 76 female recipients with that same degree.

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Most Common Female Majors

In 2019, 82 degrees were awarded to women at New Jersey Institute of Technology in Information Science, which is 0.701 times less than the 117 male recipients with that same degree.

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Time to Complete

28%
100% Completion Time
64%
150% Completion Time

In 2019, 28% of students graduating from New Jersey Institute of Technology completed their program within 100% "normal time" (i.e. 4 years for a 4-year degree). Comparatively, 64% completed their degrees within 150% of the normal time, and 67% within 200%.

The following chart shows these completion rates over time compared to the average for the Doctoral Universities Carnegie Classification group.

Graduation rate is defined as the percentage of full-time, first-time students who received a degree or award within a specific percentage of "normal time" to completion for their program.

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Diversity

Graduation Rate by Race and Gender

Showing demographic groups with ≥ 5 graduating students.
Asian Female
Highest Graduation Rate (85%)

The student demographic with the highest graduation rate at New Jersey Institute of Technology is Female and Asian (85% graduation rate). Across all Doctoral Universities, Asian Female students have the highest graduation rate (69.1%).

The department of education defines graduation rate as the percentage of full-time, first-time students who received a degree or award within 150% of "normal time" to completion.

The National Center for Education Statistics (NCES) categorizes any student who is studying in the United States on a temporary basis as a "Non-Resident Alien", and the graduation rate of those students is shown in the chart below. Additionally, 2.64% of graduates (16 students) did not report their race.

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Race & Ethnicity by Share

Most Common Student Race or Ethnicity
  1. White
    772 degrees awarded
  2. Asian
    552 degrees awarded
  3. Hispanic or Latino
    441 degrees awarded

The most common race/ethnicity at New Jersey Institute of Technology is white (772 degrees awarded). There were 1.4 times more white recipients than the next closest race/ethnicity group, asian (552 degrees).

5.01% of degree recipients (145 students) did not report their race.

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Race & Ethnicity by Gender

Most Common Gender Demographic
  1. White Male
    614 degrees awarded
  2. Asian Male
    392 degrees awarded
  3. Hispanic or Latino Male
    339 degrees awarded

The most common race/ethnicity and gender grouping at New Jersey Institute of Technology is white male (614 degrees awarded). There were 1.57 times more white male recipients than the next closest race/ethnicity group, asian male (392 degrees).

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Operations

New Jersey Institute of Technology has an endowment valued at nearly $123M, as of the end of the 2019 fiscal year. The return on its endowment was of $12.1M (9.84%), compared to the 4.24% average return ($13.2M on $311M) across all Doctoral Universities.

In 2019, New Jersey Institute of Technology had a total salary expenditure of $432M. New Jersey Institute of Technology employs 140 Professors, 121 Lecturers, and 95 Associate professors. Most academics at New Jersey Institute of Technology are Male Professors (122), Male Lecturers(83), and Male Associate professors (74).

The most common positions for non-instructional staff at New Jersey Institute of Technology are: Office and Administrative Support, with 180 employees, Service, with 144 employees, and Computer, Engineering, and Science with 135 employees.

Finances

Endowment

$123M
2019 Endowment
8.07%
growth from 2018

New Jersey Institute of Technology has an endowment valued at about $123M, as of the end of the 2019 fiscal year. The endowment of New Jersey Institute of Technology grew 8.07% from the previous year. The value of their endowment was $188M lower than than the median endowment of Doctoral Universities according to the Carnegie Classification grouping.

This line chart shows how the endowment at New Jersey Institute of Technology (in red) compares to that of some similar universities.

The small bar chart below shows the endowment quintiles for all universities in the Doctoral Universities: Higher Research Activity Carnegie Classification grouping.

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Government Grants and Contracts

Grants & Contracts
  1. $90M - Federal
  2. $26.1M - State
  3. $0 - Local

As of 2019, New Jersey Institute of Technology received $90M in grants and contracts from the federal government, $26.1M from state grants and contracts, and $0 from local grants and contracts.

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Expenses

Salary Expenditure

$169M
2019 Salaries
3.1%
growth from 2018

In 2019, New Jersey Institute of Technology paid a median of $169M in salaries, which represents 39.1% of their overall expenditure ($432M) and a 3.1% growth from the previous year. This is compared to a 1.89% growth from 2017 and a 2.76% growth from 2016.

The median for similar Doctoral Universities is 234M (42.4% of overall expenditures).

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Instructional Salaries

$56.3M
Instructional Salaries
443
Number of Employees

In 2019, New Jersey Institute of Technology paid a total of $56.3M to 443 employees working as instructors, which represents 33.3% of all salaries paid.

This is compared to a median of $71.1M (30.3%) for similar Doctoral Universities.

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Faculty and Staff

Occupations by Share

Professor
Most Common Instructor
140 Employees
Office and Administrative Support
Most Common Non-Instructional Employee
180 Employees

In 2019, the most common positions for instructional staff at New Jersey Institute of Technology were Professor with 140 employees; Lecturer with 121 employees; and Lecturer with 95 employees.

In 2019, the most common positions for non-instructional staff at New Jersey Institute of Technology were Office and Administrative Support with 180 employees; Service with 144 employees; and Computer, Engineering, and Science with 135 employees.

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Instructors by Academic Rank and Gender

Most Common Demographic
  1. Male Professor
  2. Male Lecturer
  3. Male Associate professor

In 2019, the most common demographic for instructional staff at New Jersey Institute of Technology was Male Professor with 122 employees, Male Lecturer with 83 employees, and Male Associate professor with 74 employees.

This chart shows the gender split between each academic rank present at New Jersey Institute of Technology.

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