New Jersey Institute of Technology's (NJIT) Board of Trustees approved today a 7 percent tuition increase for the upcoming 2007-2008 academic year, starting this fall. Due to financial aid awards, the average NJIT undergraduate student will pay an average net tuition increase of 4 percent. More than 75 percent of NJIT’s full-time undergraduates have financial need.
Full-time, in-state undergraduate students will pay $4,850 per semester for tuition, an increase of $317 from last fall. Out-of-state, full-time undergraduate students will pay $1,291 more per semester, totaling $9,216.
In-state, full-time graduate student tuition will be $6,365 per semester, an increase of $417, and out-of-state, full-time graduate students will pay a tuition increase of $595 per semester and total $9,045.
Full-time student fees will increase $105 per semester for undergraduate and graduate students.
“NJIT is providing a quality education at an affordable education for the technological professions,” said NJIT President Robert A. Altenkirch, PhD. The Princeton Review ranks NJIT among America’s top best value colleges based on NJIT’s lower tuition rate, aid to students and student academic performance. US News and World Report ranks NJIT in the top tier of national universities and separately ranks NJIT among the nation’s top 10 schools for diversity. Other accomplishments include 9 patents awarded this past year, the expansion of programs in the biological sciences and more than $5 million awarded in federal funding to better prepare urban students.