NJIT’s Board of Trustees has approved a four percent increase for tuition and required fees for the upcoming 2010-2011 academic year for in- state undergraduate students starting this fall. About 95 percent of NJIT’s full-time undergraduates pay in-state tuition.
Full-time, in-state, undergraduate students will pay $5624 per semester for tuition, an increase of $216 from last year. Out-of-state, full-time undergraduate students will pay $620 more per semester, totaling $10,900.
In-state, full-time graduate student tuition will be $7526 per semester, an increase of $426 and out-of-state, full-time graduate students will pay a tuition increase of $606 per semester and total $10,690.
Full-time undergraduate fees for the 2010-2011 school year will be $1061 per semester. Full-time graduate fees will be $1,046 per semester.
“NJIT is providing a quality education at an affordable price for the technological professions,” said NJIT President Robert A. Altenkirch, PhD. “We have a legacy of and reputation for providing generous undergraduate financial aid packages which we will continue to uphold. More than 77 percent of incoming students who have need receive aid. In that group, we meet 80 percent of those students’ needs. The average undergraduate aid package exceeds $16,000.”
NJIT’s smaller size and concentrated focus allows a much greater degree of flexibility than a larger institution. NJIT can recognize the potential in emerging technologies and respond quickly. New educational programs—in breakthrough areas like bio-MEMS, optical communications and internet security--are developed in response to developing industry trends. Research through the university, emphasizing applications and commercialization in partnership with private partners, works to transform the most promising emerging technologies into new industries that will secure New Jersey’s economic future.
A Bloomberg Businessweek survey of 852 colleges and universities in the U.S. looking for the best return on investment highlights NJIT as one of the four best undergraduate institutions of higher education in New Jersey. NJIT ranks in the top 10 percent of all colleges surveyed. The Princeton Review spotlights 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. NJIT is among the top 200 American research universities (The Center at the University of Florida); a top 50 college without a medical school for research expenditures (National Science Foundation): 10th among research universities specializing in science, technology, engineering and math based on faculty scholarly productivity (Academic Analytics).