New Jersey Institute of Technology

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2020 Undergraduate Tuition
$14,448
0% growth from 2019
2020 Average Net Price
$18,328
After Financial Aid
2018 Student Loan
4.04%
Default Rate
2020 Acceptance Rate
66%
10,299 Applicants
2020 Enrolled Students
11,652
75.1% Full-Time
2020 Graduation Rate
70%
651 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 (214 degrees awarded), Mechanical Engineering (195 degrees), and Information Technology (191 degrees).

In 2020, 2,868 degrees were awarded across all undergraduate and graduate programs at New Jersey Institute of Technology. 26.1% of these degrees were awarded to women, and 73.9% awarded men. The most common race/ethnicity group of degree recipients was white (831 degrees), 1.39 times more than then the next closest race/ethnicity group, asian (598 degrees).

The median undergraduate tuition at New Jersey Institute of Technology is $14,448, which is $−14,181 less than the national average for Doctoral Universities ($28,629).

Costs

The median undergraduate tuition at New Jersey Institute of Technology is $14,448, which is $−14,181 less than the national average for Doctoral Universities ($28,629).

After taking grants and loans into account, the average net price for students is $18,328.

In 2020, 69% of undergraduate students received federal grants, while 40% of undergraduate students received federal loans.

Student Expenses

Tuition Costs

$14,448
2020 Undergraduate Tuition

In 2020, the cost of tuition at New Jersey Institute of Technology was $14,448. The cost of tuition at New Jersey Institute of Technology is $−14,181 less than than the overall (public and private) national average for Doctoral Universities ($28,629).

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Average Net Price

$18,328
2020 Value
0.169%
1 Year Growth

In 2020 New Jersey Institute of Technology had an average net price — the price paid after factoring in grants and loans — of $18,328. Between 2019 and 2020, the average net price of New Jersey Institute of Technology grew by 0.169%.

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

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

The average yearly cost of room and board at New Jersey Institute of Technology was of $13,900 in 2020. During the same period, the average yearly cost of books and supplies was $2,900. The cost of room and board increased by 1.09% between 2019 and 2020. The cost of books and supplies did not change during the same period.

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Financial Aid

Financial Aid by Income Level

69%
Of Undergraduates Receive Grants
40%
Of Undergraduates Receive Federal Loans

69% of undergraduate students at New Jersey Institute of Technology received grants or loans in 2020. This represents a growth of 9.52% with respect to 2019, when 63% 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.
4.04%
2018 Default Rate
74
Number of Defaults

In 2018 the default rate for borrower's at New Jersey Institute of Technology was 4.04%, which represents 74 out of the 1830 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 10,299 undergraduate applications in 2020, which represents a 25.6% annual growth. Out of those 10,299 applicants, 6,800 students were accepted for enrollment, representing a 66% acceptance rate.

There were 11,652 students enrolled at New Jersey Institute of Technology in 2020, and 88% of first-time enrollees submitted SAT scores with their applications.

New Jersey Institute of Technology has an overall enrollment yield of 17.5%, which represents the number of admitted students who ended up enrolling.

Acceptance Rate

66%
Acceptance Rate in 2020
6,800
Accepted Out of 10,299

In 2020, the undergraduate acceptance rate of New Jersey Institute of Technology was 66% (6,800 admissions from 10,299 applications). This is lower than the acceptance rate of 2019, which was 72.8%. Between 2019 and 2020, the number of applicants grew by 25.6%, while admissions grew by 13.9%.

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SAT Scores

88%
Submission Percentage
1,042
Scores Submitted

88% of enrolled first-time students at New Jersey Institute of Technology in 2020 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 11,652 students. The full-time enrollment at New Jersey Institute of Technology is 8,749 students and the part-time enrollment is 2,903. This means that 75.1% 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 29.6% White, 20.3% Asian, 17.5% Hispanic or Latino, 7.71% Black or African American, 3% Two or More Races, 0.163% American Indian or Alaska Native, and 0.0515% Native Hawaiian or Other Pacific Islanders.

Students enrolled at New Jersey Institute of Technology in full-time Undergraduate programs are most commonly White Male (26.7%), followed by Asian Male (17.1%) and Hispanic or Latino Male (15.2%). Students enrolled in full-time Graduate programs are most commonly White Male (9.19%), followed by Asian Male (6.47%) and White Female (4.34%).

Full-Time vs Part-Time Enrollment

75.1%
Full-Time Enrollment

The total enrollment at New Jersey Institute of Technology, both undergraduate and graduate, is 11,652 students. The full-time enrollment at New Jersey Institute of Technology is 8,749 and the part-time enrollment is 2,903. This means that 75.1% of students enrolled at New Jersey Institute of Technology are enrolled full-time compared with 76.4% 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

89%
2020 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 89%. Compared with the full-time retention rate at similar Doctoral Universities (84.5%), 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
    3,454
  2. Asian
    2,371
  3. Hispanic or Latino
    2,043

The enrolled student population at New Jersey Institute of Technology is 29.6% White, 20.3% Asian, 17.5% Hispanic or Latino, 7.71% Black or African American, 3% Two or More Races, 0.163% American Indian or Alaska Native, and 0.0515% 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 49.8% White, 15.1% Hispanic or Latino, and 9.74% 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, 823 students (7.06%) did not report their race.

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Graduates

In 2020, 1370 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 (831 degrees awarded). There were 1.39 times more white graduates than the next closest race/ethnicity group, asian (598 degrees).

The most common Bachelor's Degree concentration at New Jersey Institute of Technology is General Engineering Technology (214 degrees awarded), followed by Mechanical Engineering (195 degrees) and Information Technology (191 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 Engineering (1,134 degrees awarded), Architecture and Related Services (73 degrees), and Computer and Information Sciences and Support Services (854 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 (940,986 people), Other managers (400,352 people), Miscellaneous engineers, including nuclear engineers (364,963 people), Civil engineers (279,868 people), and Mechanical engineers (216,044 people).

The most specialized majors at New Jersey Institute of Technology are Engineering (1,134 degrees awarded), Architecture and Related Services (73 degrees), Computer and Information Sciences and Support Services (854 degrees), Engineering Technologies (290 degrees), and Communication Technologies (24 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, Securities, commodities, & financial services sales agents, Physicians, Lawyers, & judges, magistrates, & other judicial workers, and Cardiovascular technologists and technicians

The most specialized majors at New Jersey Institute of Technology are Engineering (1,134 degrees awarded), Architecture and Related Services (73 degrees), Computer and Information Sciences and Support Services (854 degrees), Engineering Technologies (290 degrees), and Communication Technologies (24 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 (956,232 people), Architectural, engineering & related services (579,827 people), Construction (345,829 people), Colleges, universities & professional schools, including junior colleges (243,933 people), and Management, scientific & technical consulting services (187,038 people).

The most specialized majors at New Jersey Institute of Technology are Engineering (1,134 degrees awarded), Architecture and Related Services (73 degrees), Computer and Information Sciences and Support Services (854 degrees), Engineering Technologies (290 degrees), and Communication Technologies (24 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. 214 degree-majorss awarded
  2. 195 degree-majorss awarded
  3. 191 degree-majorss awarded

In 2020, the most common bachelors degree concentration at New Jersey Institute of Technology was General Engineering Technology with 214 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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Sex Breakdown for Common Majors

2,119
Degrees Awarded to Men
in 2020
749
Degrees Awarded to Women
in 2020

In 2020, 2,119 degrees were awarded to men at New Jersey Institute of Technology, which is 2.83 times more than the number of degrees awarded to females (749).

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

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Most Common Male Majors

In 2020, 298 degrees were awarded to men at New Jersey Institute of Technology in General Computer & Information Sciences, which is 3.63 times more than the 82 female recipients with that same degree.

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Most Common Female Majors

In 2020, 82 degrees were awarded to women at New Jersey Institute of Technology in General Computer & Information Sciences, which is 0.275 times less than the 298 male recipients with that same degree.

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Time to Complete

29%
100% Completion Time
65%
150% Completion Time

In 2020, 29% 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, 65% completed their degrees within 150% of the normal time, and 70% 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 Sex

Showing demographic groups with ≥ 5 graduating students.
American Indian or Alaska Native Female
Highest Graduation Rate (100%)

The student demographic with the highest graduation rate at New Jersey Institute of Technology is Female and American Indian or Alaska Native (100% graduation rate). Across all Doctoral Universities, Asian Female students have the highest graduation rate (72.4%).

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, 2.61% of graduates (17 students) did not report their race.

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Race & Ethnicity by Share

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

The most common race/ethnicity at New Jersey Institute of Technology is white (831 degrees awarded). There were 1.39 times more white recipients than the next closest race/ethnicity group, asian (598 degrees).

2.96% of degree recipients (85 students) did not report their race.

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Race & Ethnicity by Sex

Most Common Sex Demographic
  1. White Male
    664 degrees awarded
  2. Asian Male
    417 degrees awarded
  3. Hispanic or Latino Male
    330 degrees awarded

The most common race/ethnicity and sex grouping at New Jersey Institute of Technology is white male (664 degrees awarded). There were 1.59 times more white male recipients than the next closest race/ethnicity group, asian male (417 degrees).

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Operations

New Jersey Institute of Technology has an endowment valued at nearly $136M, as of the end of the 2020 fiscal year. The return on its endowment was of $7.06M (5.21%), compared to the 3.48% average return ($10.5M on $302M) across all Doctoral Universities.

In 2020, New Jersey Institute of Technology had a total salary expenditure of $429M. New Jersey Institute of Technology employs 135 Professors, 129 Lecturers, and 98 Associate professors. Most academics at New Jersey Institute of Technology are Male Professors (118), Male Lecturers(88), and Male Associate professors (75).

The most common positions for non-instructional staff at New Jersey Institute of Technology are: Business and Financial Operations, with 173 employees, Office and Administrative Support, with 166 employees, and Service with 155 employees.

Finances

Endowment

$136M
2020 Endowment
10.4%
growth from 2019

New Jersey Institute of Technology has an endowment valued at about $136M, as of the end of the 2020 fiscal year. The endowment of New Jersey Institute of Technology grew 10.4% from the previous year. The value of their endowment was $166M 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. $85.7M - Federal
  2. $27.4M - State
  3. $0 - Local

As of 2020, New Jersey Institute of Technology received $85.7M in grants and contracts from the federal government, $27.4M from state grants and contracts, and $0 from local grants and contracts.

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Expenses

Salary Expenditure

$174M
2020 Salaries
2.78%
growth from 2019

In 2020, New Jersey Institute of Technology paid a median of $174M in salaries, which represents 40.5% of their overall expenditure ($429M) and a 2.78% growth from the previous year. This is compared to a 3.1% growth from 2018 and a 1.89% growth from 2017.

The median for similar Doctoral Universities is 238M (43% of overall expenditures).

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Instructional Salaries

$55.6M
Instructional Salaries
444
Number of Employees

In 2020, New Jersey Institute of Technology paid a total of $55.6M to 444 employees working as instructors, which represents 32% of all salaries paid.

This is compared to a median of $69.9M (29.4%) for similar Doctoral Universities.

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Faculty and Staff

Occupations by Share

Professor
Most Common Instructor
135 Employees
Business and Financial Operations
Most Common Non-Instructional Employee
173 Employees

In 2020, the most common positions for instructional staff at New Jersey Institute of Technology were Professor with 135 employees; Lecturer with 129 employees; and Lecturer with 98 employees.

In 2020, the most common positions for non-instructional staff at New Jersey Institute of Technology were Business and Financial Operations with 173 employees; Office and Administrative Support with 166 employees; and Service with 155 employees.

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Instructors by Academic Rank and Sex

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

In 2020, the most common demographic for instructional staff at New Jersey Institute of Technology was Male Professor with 118 employees, Male Lecturer with 88 employees, and Male Associate professor with 75 employees.

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

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