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

New Jersey Institute of Technology Trustees Approve Raising Tuition Below State Cap

New Jersey Institute of Technology's (NJIT) Board of Trustees approved today a 7 percent tuition and fee increase for the upcoming 2006-2007 academic year, starting this fall. This year’s average net tuition increase is 4.4 percent based on the funding made available for new student awards. More than 70 percent of NJIT’s full-time undergraduates have financial need.

The commitment of the trustees to minimize the impact of tuition costs on its students resulted in bringing the increases below the state cap of 8 percent.

Full-time, in-state undergraduate students will pay $4,533 per semester for tuition, an increase of $297 from last fall. Out-of-state, full-time undergraduate students will pay $587 more per semester, totaling $7,925.

In-state, full-time graduate student tuition will be $5,948 per semester, an increase of $389, and out-of-state, full-time graduate students will pay a tuition increase of $626 per semester and total $8,450.

Full-time student fees will increase $45 per semester to total $720 per semester for undergraduates and $707 per semester for graduate students.

“NJIT’s value proposition is that we provide an affordable education for the technological professions—and we work hard to deliver on that promise,” said NJIT President Robert A. Altenkirch, PhD. “We are proud that The Princeton Review ranks NJIT as one of America’s top best value colleges based on NJIT’s lower tuition rate, aid to students and student academic performance. While recognizing state budgetary constraints, our obligation is to provide quality education, minimize tuition and serve as good stewards of public funds and physical assets. We are confident that our fiscal year budget in 2007 accomplishes these objectives.”

NJIT, New Jersey's science and technology university, enrolls approximately 10,000 students pursuing bachelor's, master's and doctoral degrees in 120 programs. The university consists of six colleges: Newark College of Engineering, College of Architecture and Design, College of Science and Liberal Arts, School of Management, College of Computing Sciences and Albert Dorman Honors College. U.S. News & World Report's 2012 Annual Guide to America's Best Colleges ranked NJIT in the top tier of national research universities. NJIT is internationally recognized for being at the edge in knowledge in architecture, applied mathematics, wireless communications and networking, solar physics, advanced engineered particulate materials, nanotechnology, neural engineering and e-learning. Many courses and certificate programs, as well as graduate degrees, are available online through the Division of Continuing Professional Education.