New Jersey Institute of Technology

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2016 Undergraduate Tuition

$13,602

1.25% growth from 2015

2016 Average Net Price

$15,406

After Financial Aid

2015 Student Loan

3.73%

Default Rate

2016 Acceptance Rate

59.3%

7,222 Applicants

2016 Enrolled Students

11,317

71.9% Full-Time

2016 Graduation Rate

60.5%

501 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 (184 degrees awarded), Architecture (148 degrees), and Information Technology (143 degrees).

In 2016, 2,724 degrees were awarded across all undergraduate and graduate programs at New Jersey Institute of Technology. 24.4% of these degrees were awarded to women, and 75.6% awarded men. The majority of degree recipients were white (673 degrees), 1.48 times more than then the next closest race/ethnicity group, asian (456 degrees).

The median undergraduate tuition at New Jersey Institute of Technology is $13,602, which is $-12,254 less than the national average for Doctoral Universities ($25,856).

Costs

The median undergraduate tuition at New Jersey Institute of Technology is $13,602, which is $-12,254 less than the national average for Doctoral Universities ($25,856).

After taking grants and loans into account, the average net price for students is $15,406.

In 2016, 57% of undergraduate students received federal grants, while 45% of undergraduate students received federal loans.

Student Expenses

Tuition Costs

$13,602

2016 Undergraduate Tuition

In 2016, the cost of tuition at New Jersey Institute of Technology was $13,602. The cost of tuition at New Jersey Institute of Technology is $-12,254 less than than the overall (public and private) national average for Doctoral Universities ($25,856).

This chart compares the tuition costs of New Jersey Institute of Technology (in red) with those of other similar universities.

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Average Net Price

$15,406

2016 Value

4.04%

1 Year Growth

In 2016 New Jersey Institute of Technology had an average net price — the price paid after factoring in grants and loans — of $15,406. Between 2015 and 2016, the average net price of New Jersey Institute of Technology grew by 4.04%.

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

$11,800

Room and Board

$2,000

Books and Supplies

The average yearly cost of room and board at New Jersey Institute of Technology was of $11,800 in 2016. During the same period, the average yearly cost of books and supplies was $2,000. The cost of room and board decreased by 0.338% between 2015 and 2016. The cost of books and supplies did not change during the same period.

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Financial Aid

Financial Aid by Income Level

57%

Of Undergraduates Receive Grants

45%

Of Undergraduates Receive Federal Loans

57% of undergraduate students at New Jersey Institute of Technology received grants or loans in 2016. This represents a decline of 5% with respect to 2015, 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.

3.73%

2015 Default Rate

64

Number of Defaults

In 2015 the default rate for borrower's at New Jersey Institute of Technology was 3.73%, which represents 64 out of the 1716 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 7,222 undergraduate applications in 2016, which represents a 19.5% annual growth. Out of those 7,222 applicants, 4,283 students were accepted for enrollment, representing a 59.3% acceptance rate.

There were 11,317 students enrolled at New Jersey Institute of Technology in 2016, and 84% of first-time enrollees submitted SAT scores with their applications.

New Jersey Institute of Technology has an overall enrollment yield of 25.6%, which represents the number of admitted students who ended up enrolling.

Acceptance Rate

59.3%

Acceptance Rate in 2016

4,283

Accepted Out of 7,222

In 2016, the undergraduate acceptance rate of New Jersey Institute of Technology was 59.3% (4,283 admissions from 7,222 applications). This is lower than the acceptance rate of 2015, which was 60.8%. Between 2015 and 2016, the number of applicants grew by 19.5%, while admissions grew by 16.6%.

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

84%

Submission Percentage

923

Scores Submitted

84% of enrolled first-time students at New Jersey Institute of Technology in 2016 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 11,317 students. The full-time enrollment at New Jersey Institute of Technology is 8,136 students and the part-time enrollment is 3,181. This means that 71.9% 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 27.5% White, 17.7% Asian, 16.3% Hispanic or Latino, 7.18% Black or African American, 2.49% Two or More Races, 0.0619% American Indian or Alaska Native, and 0.0353% Native Hawaiian or Other Pacific Islanders.

Students enrolled at New Jersey Institute of Technology in full-time Undergraduate programs are majority White Male (28.2%), followed by Asian Male (17.1%) and Hispanic or Latino Male (15.9%). Students enrolled in full-time Graduate programs are majority White Male (5.11%), followed by Asian Male (2.91%) and Hispanic or Latino Male (1.84%).

Full-Time vs Part-Time Enrollment

71.9%

Full-Time Enrollment

The total enrollment at New Jersey Institute of Technology, both undergraduate and graduate, is 11,317 students. The full-time enrollment at New Jersey Institute of Technology is 8,136 and the part-time enrollment is 3,181. This means that 71.9% of students enrolled at New Jersey Institute of Technology are enrolled full-time compared with 78.1% 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%

2016 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

    3,107

  2. Asian

    2,002

  3. Hispanic or Latino

    1,849

The enrolled student population at New Jersey Institute of Technology is 27.5% White, 17.7% Asian, 16.3% Hispanic or Latino, 7.18% Black or African American, 2.49% Two or More Races, 0.0619% American Indian or Alaska Native, and 0.0353% 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 51.9% White, 12.8% Hispanic or Latino, and 9.36% 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, 1,216 students (10.7%) did not report their race.

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Graduates

In 2016, 1396 fewer women than men received degrees from New Jersey Institute of Technology. The majority of degree recipients at New Jersey Institute of Technology are white (673 degrees awarded). There were 1.48 times more white graduates than the next closest race/ethnicity group, asian (456 degrees).

The most common Bachelor's Degree concentration at New Jersey Institute of Technology is General Engineering Technology (184 degrees awarded), followed by Architecture (148 degrees) and Information Technology (143 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 (189 degrees awarded), Engineering (1,088 degrees), and Computer and Information Sciences and Support Services (681 degrees).

Workforce

Common Jobs by Major

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, applications & systems software (810,780 people), Miscellaneous managers (543,217 people), Miscellaneous engineers, including nuclear engineers (338,621 people), Civil engineers (242,912 people), and Computer & information systems managers (195,736 people).

The most specialized majors at New Jersey Institute of Technology are Architecture and Related Services (189 degrees awarded), Engineering (1,088 degrees), Computer and Information Sciences and Support Services (681 degrees), Engineering Technologies (284 degrees), and Math & Statistics (44 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 Physicians & surgeons, Economists, Chief executives & legislators, Securities, commodities, & financial services sales agents, and Personal financial advisors

The most specialized majors at New Jersey Institute of Technology are Architecture and Related Services (189 degrees awarded), Engineering (1,088 degrees), Computer and Information Sciences and Support Services (681 degrees), Engineering Technologies (284 degrees), and Math & Statistics (44 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 (930,034 people), Architectural, engineering & related services (569,697 people), Construction (306,875 people), Colleges, universities & professional schools, including junior colleges (292,323 people), and Elementary & secondary schools (219,596 people).

The most specialized majors at New Jersey Institute of Technology are Architecture and Related Services (189 degrees awarded), Engineering (1,088 degrees), Computer and Information Sciences and Support Services (681 degrees), Engineering Technologies (284 degrees), and Math & Statistics (44 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. 184 degrees awarded

  2. 148 degrees awarded

  3. 143 degrees awarded

In 2016, the most common bachelors degree concentration at New Jersey Institute of Technology was General Engineering Technology with 184 degrees awarded.

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

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Gender Breakdown for Common Majors

Degrees Awarded to Men

  1. 2,060

  2. 664

In 2016, 2,060 degrees were awarded to men at New Jersey Institute of Technology, which is 3.1 times more than the number of degrees awarded to females (664).

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 2016, 247 degrees were awarded to men at New Jersey Institute of Technology in General Computer & Information Sciences, which is 3.53 times more than the 70 female recipients with that same degree.

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Most Common Female Majors

In 2016, 70 degrees were awarded to women at New Jersey Institute of Technology in General Computer & Information Sciences, which is 0.283 times less than the 247 male recipients with that same degree.

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Time to Complete

24%

100% Completion Time

59%

150% Completion Time

In 2016, 24% 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, 59% completed their degrees within 150% of the normal time, and 64% 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 (80%)

The student demographic with the highest graduation rate at New Jersey Institute of Technology is Female and Asian (80% graduation rate). Across all Doctoral Universities, Asian Female students have the highest graduation rate (67.2%).

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, 39.5% of graduates (198 students) did not report their race.

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Race & Ethnicity by Share

Most Common Student Race or Ethnicity

  1. White

    673 degrees awarded

  2. Asian

    456 degrees awarded

  3. Hispanic or Latino

    356 degrees awarded

The most common race/ethnicity at New Jersey Institute of Technology is white (673 degrees awarded). There were 1.48 times more white recipients than the next closest race/ethnicity group, asian (456 degrees).

7.86% of degree recipients (214 students) did not report their race.

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Race & Ethnicity by Gender

Most Common Gender Demographic

  1. White Male

    550 degrees awarded

  2. Asian Male

    345 degrees awarded

  3. Hispanic or Latino Male

    267 degrees awarded

The most common race/ethnicity and gender grouping at New Jersey Institute of Technology is white male (550 degrees awarded). There were 1.59 times more white male recipients than the next closest race/ethnicity group, asian male (345 degrees).

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Operations

New Jersey Institute of Technology has an endowment valued at nearly $99.2M, as of the end of the 2015 fiscal year. The return on its endowment was of $2.29M (2.31%), compared to the 1.54% average return ($4.18M on $271M) across all Doctoral Universities.

In 2015, New Jersey Institute of Technology had a total expenditure of $314M. Of that $314M, they spent $147M on salaries and $314M on benefits.

New Jersey Institute of Technology employs 133 Professors, 116 Lecturers, and 99 Associate professors. Most academics at New Jersey Institute of Technology are Male Professors (120), Male Lecturers(81), and Male Associate professors (79).

The most common positions for non-instructional staff at New Jersey Institute of Technology are: Office and Administrative Support, with 199 employees, Computer, Engineering, and Science, with 144 employees, and Service with 126 employees.

Finances

Endowment

$99.2M

2015 Endowment

1.06%

growth from 2014

New Jersey Institute of Technology has an endowment valued at about $99.2M, as of the end of the 2015 fiscal year. The endowment of New Jersey Institute of Technology grew 1.06% from the previous year. The value of their endowment was $172M 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. $53.4M - Federal

  2. $22.1M - State

  3. $17k - Local

As of 2015, New Jersey Institute of Technology received $53.4M in grants and contracts from the federal government, $22.1M from state grants and contracts, and $17k from local grants and contracts.

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Expenses

Primary Expenses

Expenditure values can vary depending on whether the institution is public or private, and are not available for private-for-profit schools.

$147M

Salary Expenditure

$314M

Benefits Expenditure

In 2015, New Jersey Institute of Technology had a total expenditure of $314M. Of that $314M, they spent $147M on salaries and $314M on benefits.

The bar chart shows the share of the primary expenses at New Jersey Institute of Technology over time, and the line chart shows the expenditure for solely salaries and benefits over time compared to the median for the Doctoral Universities Carnegie Classification grouping.

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Expenditure by Category

This tree map shows all of the primary expenses of Research at New Jersey Institute of Technology as a share of total expenditure.

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Salary Expenditure

$147M

2015 Salaries

2.73%

growth from 2014

In 2015, New Jersey Institute of Technology paid a median of $147M in salaries, which represents 46.7% of their overall expenditure ($314M) and a 2.73% growth from the previous year. This is compared to a 5.74% growth from 2013 and a 3.28% growth from 2012.

The median for similar Doctoral Universities is 206M (43.4% of overall expenditures).

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Instructional Salaries

$49M

Instructional Salaries

418

Number of Employees

In 2015, New Jersey Institute of Technology paid a total of $49M to 418 employees working as instructors, which represents 33.4% of all salaries paid.

This is compared to a median of $62.1M (30.2%) for similar Doctoral Universities.

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Faculty and Staff

Occupations by Share

Professor

Most Common Instructor

133 Employees

Office and Administrative Support

Most Common Non-Instructional Employee

199 Employees

In 2016, the most common positions for instructional staff at New Jersey Institute of Technology were Professor with 133 employees; Lecturer with 116 employees; and Lecturer with 99 employees.

In 2016, the most common positions for non-instructional staff at New Jersey Institute of Technology were Office and Administrative Support with 199 employees; Computer, Engineering, and Science with 144 employees; and Service with 126 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 2016, the most common demographic for instructional staff at New Jersey Institute of Technology was Male Professor with 120 employees, Male Lecturer with 81 employees, and Male Associate professor with 79 employees.

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

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