New Jersey
Institute of Technology
Public Research University in Newark, NJ. Six-year graduation rate 73%. Median 10-year earnings $84,276.
Students who entered New Jersey Institute of Technology reach a median of $84,276 ten years later, which puts this school in the upper band of undergraduate earnings outcomes. Completion is a strength: 73% of students finish within six years. Graduates carry a median of $21,000 in debt — in line with the national norm. On economic mobility, 6.5% of students travel from the bottom income quintile to the top.
Earnings: College Scorecard, median ten years after entry across students who received federal aid — completers and non-completers alike.
- ✓ Debt-to-income ratio 0.25 — healthy (below the 0.40 threshold)
- ✓ Mobility score 6.5 — top quartile among US colleges
- ✓ 3-year loan default 0.0% — below national benchmark
Admissions
New Jersey Institute of Technology accepts 65% of applicants, which makes it accessible to most students who meet the baseline requirements. The applicant pool is large — 15,607 in the most recent cycle — so the published rate reflects genuine competition rather than a small-sample quirk. A 17% yield rate is low: the admitted pool is much larger than the entering class. Read the score bands below narrowly: only 45% of enrolled first-years submitted an SAT score, and test-optional applicants are not represented in them.
Test score bands (middle 50% of submitters)
These bands describe the enrolled first-years who submitted a score, not the entering class. Where most students apply test-optional the submitters are a self-selected, higher-scoring group.
| Test | 25th–75th percentile | Submitted |
|---|---|---|
| SAT Evidence-Based Reading | 600–710 | 789 (45%) |
| SAT Math | 610–750 | |
| ACT Composite | 27–34 | 73 (4%) |
IPEDS Admissions · 2024
Apply at New Jersey Institute of Technology →Academics
Six-year completion runs to 73% — students who start here overwhelmingly finish here. Retention is strong at 90%, and first-year attrition is where most degrees are lost. The two rates sit near each other: few students who return for a second year are missing from the six-year completion figure. A 16% transfer-out rate accounts for part of that gap: those students left for another institution rather than dropping out, and the graduation rate above counts them as non-completers here. The part-time picture is harder: 54% return, against 90% full-time.
Financial Aid
IPEDS Student Financial Aid · 2023-24 · grant and loan rates against 8,792 degree- or certificate-seeking undergraduates
Students pay an average of $17,313 annually once grants are applied. Net price swings hard on family income here, from $10,138 at the $0–30k band to $27,244 at $110k+. About 76% get grants averaging $16,845, so plan on the possibility of paying closer to full price. 34% of students take federal loans, a middling borrowing rate.
Entering first-year students
A different, smaller group than the rates above: full-time students in their first year of college anywhere. The grant series here also excludes the "other sources" counted in the all-undergraduate figure, so the two are not comparable.
IPEDS Student Financial Aid · 2023-24 · 1,635 students
Net price by family income
The same students as the headline above, limited to those who received Title IV federal aid — a narrower group, with a lower overall average. IPEDS publishes no combined figure across these bands, so they should not be averaged into one.
| Family income band | Average net price |
|---|---|
| $0–30k | $10,138 |
| $30–48k | $11,165 |
| $48–75k | $15,958 |
| $75–110k | $23,152 |
| $110k+ | $27,244 |
IPEDS Student Financial Aid · 2023-24
Federal student loans went to 2,969 of these 8,792 students, totalling $19,830,255 — an average of $6,679 each.
IPEDS Student Financial Aid · 2023-24
Local housing costs
Typical rents near campus (Essex County) — budget these against any cost-of-attendance housing estimate.
HUD Fair Market Rents (40th-percentile gross rent incl. utilities) · FY2026
Veterans & GI Bill
VA GI Bill Comparison Tool (Veterans Affairs GIDS)