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PRESS RELEASE
Contact Information: Tanya Klein Public Relations 973-596-3433

New Jersey Institute of Technology Board of Trustees Approves Tuition Increase For the 2003-2004 Academic Year

New Jersey Institute of Technology's (NJIT) Board of Trustees approved a $287 per semester tuition increase for all full-time undergraduate students for the upcoming 2003-2004 academic year, starting this fall. In-state undergraduate students will pay $3,666 per semester, or an increase of 8.5 percent. In-state, full-time graduate students will pay a $495 per semester tuition increase of 8.5 percent. That amount will total $4,810 per semester.

There will be a $10 increase per semester in existing fees for undergraduate students, an increase of just over 1.7 percent since last year. Total undergraduate student fees for full-time undergraduate students will be $584 per semester. Graduate students will pay $7 more in fees per semester, a total of $574 and an increase of 1.2 percent. Such money keeps university academic facilities at the cutting edge and accessible to all members of the university community.

"In the budget development process this year, a concerted effort was made to enhance revenue, reduce expenditures and minimize tuition and fee increases, ” said NJIT President Robert A. Altenkirch. “We accomplished this by focusing on how to manage resources better.

One of the nation's leading public technological universities, New Jersey Institute of Technology (NJIT) is a top-tier research university that prepares students to become leaders in the technology-dependent economy of the 21st century. NJIT's multidisciplinary curriculum and computing-intensive approach to education provide technological proficiency, business acumen and leadership skills. With an enrollment of more than 10,000 graduate and undergraduate students, NJIT offers small-campus intimacy with the resources of a major public research university. NJIT is a global leader in such fields as solar research, nanotechnology, resilient design, tissue engineering, and cyber-security, in addition to others. NJIT ranks 5th among U.S. polytechnic universities in research expenditures, topping $110 million, and is among the top 1 percent of public colleges and universities in return on educational investment, according to PayScale.com.