FAQs About Financial Aid

With support from the state of New Jersey’s “Tools for College Access” Grant, NJIT is offering additional opportunities for prospective students to learn about financial aid.

We are offering a second “Financial Aid Awareness” week, April 21-24, 2009!  Use this chance to speak with a financial aid officer for help in completing the FAFSA via our live-line chat and click on the appropriate ISP button.

Our Financial Aid Newsletter for fall 2009 freshmen, previously available only in English, is now available in Spanish.

Obama’s Stimulus Package and College Education

Overall, the bill will set aside $32 billion to help college students, researchers and campuses. The Federal Pell Grant, a financial aid system which provides need-based grants to low-income undergraduates and some post baccalaureate students to support access to post-secondary education, will increase from $4,731 to $5,350 starting July 1, 2009 and $5,550 in 2010-2011. This will be enough to cover three-quarters of most four-year colleges and mean an extra 800,000 students will get funding. Computer expenses will be an allowable expense for 529 savings plans. $54 billion of the state stabilizing fund will be spent on modernizing facilities. $1.5 billion will be set aside for university research facilities

If you live in the Camden County area, we are offering a program in conjunction with Rutgers-Camden on Saturday, April 25, 2009. You can hear about careers in the STEM (Science, Technology, Engineering and Math) disciplines and learn more about financial aid, including assistance with the FAFSA.  The program will be held from 10 AM to 3 PM, in Room 401, Penn Hall.  For more information please call either Stephanie Barthelemy (Rutgers-Camden), 856 225-6257; or Tony Howell (NJIT), 973 596-3686 or 3688.

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