Financial Aid

After you have completed the FAFSA and received your Financial Aid Offer, please complete the following checklist.

Financial Aid Offer

Review your College Financing Plan Offer that details the various types of aid for which you are eligible
Accept loans and federal work study by logging into Highlander Pipeline. You do not need to accept grants and scholarships.

Loans

Students: Accept loans on Highlander Pipeline. If you are a first-time borrower, complete Entrance Counseling and Master Promissory Note (MPN)
Parents: Apply for a Federal Direct Parent PLUS Loan (if applicable) and complete the Master Promissory Note (MPN), as a first-time borrower.
Graduate Students: Apply for a Federal Direct Graduate PLUS Loan (if applicable) and if you are a first-time borrower, complete Entrance Counseling and Master Promissory Note (MPN)

State Aid

Create your account on NJFAMS which is the New Jersey Higher Education Student Assistance Authority (HESAA) portal. Review your to-do-checklist and upload any documents requested by the state on this portal.
Provide any additional documents requested by HESAA through NJFAMS

Important

Review the Eligibility Requirements and Student’s Rights and Responsibilities
Make sure your enrollments meets the disbursement requirements
Check Highlander Pipeline to see if you have any outstanding requirements
Check you bill and set up Direct Deposit to receive your refund (if eligible)
Regularly check your NJIT email and Highlander Pipeline

You have already taken a huge step in your college search process by applying to NJIT. And, you'll soon discover the value of an NJIT education - New Jersey's premier science and technology university. We are committed to helping students make an NJIT education a reality. About 92 percent of our students receive financial assistance, and we awarded over $100 million in need-based, merit-based financial aid and student employment.

You will find the steps below to access your electronic 2026-2027 Award Offer and other materials to guide you in the financial aid process. We encourage you to accept your awards within two weeks. In addition, a Financial Aid Newsletter was prepared to explain the details and critical deadlines. We also have extensive information for every aid program in the 2026-2027 NJIT Student Financial Aid Services Policies and Procedures document. It is very important to read the entire document as eligibility requirements for all aid programs are explained in detail.

Reviewing your Financial aid is very easy. Just follow these steps:

Claim your UCID (if not already done).
1. For those admitted prior to 2/20/26: Go to MyUCID.njit.edu and click "Claim Your UCID". In the "Resend Your Claim Notification" form, enter your 8-digit NJIT ID (found on your applicant status portal and your decision letter) and the personal email address you applied with to receive a claim notification email.
2. For those admitted after 2/20/26: You will receive an email to the personal email address you applied with, containing a unique UCID claim notification. Click the red "Claim Your UCID" button and follow the instructions to complete your account setup. If you need the claim notification email resent to you, go to MyUCID.njit.edu and click "Claim Your UCID".
Go to the Financial Aid Dashboard.
Enter your UCID and password.
To view unsatisfied requirements:
Select the 2026–2027 aid year from the drop-down menu and review the Home tab -> Student Requirements.
To review your financial aid awards:
Select the 2026–2027 aid year and navigate to the Offer tab.
To accept or decline loans:
Select the 2026–2027 aid year. Go to the Offer tab. Under the Loans section, review your offers, accept or decline as needed, and click Submit.

Also, NJIT is delighted to provide a new Tuition Price Calculator as a guide to assist in early financial planning.

Albert Dorman Honor's College | Resources | Student Handbook

If you have any questions as you plan your NJIT education, do not hesitate to call us at 973-596-3479 or via email at finaid@njit.edu. We look forward to seeing you on campus.

Top Ten Financial Aid Questions

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When will I get my College Financing Plan?

Your College Financing Plan (CFP) is sent to you via email. Make sure to check your NJIT and personal emails regularly. If you have still not received your CFP, email us at finaid@njit.edu.

How can I change my housing status plans and will this change my eligibility?

Contact your Admissions Counselor to update your housing status. Once the change is processed, the Office of Student Financial Aid Services will automatically generate an updated College Financing Plan.

Cost for on-campus housing and meal plan:

Standard double-occupancy room: $5,313
Basic Meal plan A: $2,440

I was awarded a scholarship. What are the scholarship terms and conditions for renewal?

Terms and Conditions:

Continuous Full-time enrollment
3.0 GPA minimum starting at the end of the first year and checked annually at the end of the spring semester
8 maximum payments (10 for Architecture students)
Meet the Satisfactory Academic Progress assessment for Financial Aid

Scholarship appeals:

Allowed one chance to appeal
Must have a documented extenuating circumstance
If approved, may be approved for a full year or one semester (on probation)

I was admitted to NJIT but did not receive a merit scholarship yet. What does that mean?

NJIT provides merit scholarships for those who qualify.
NJIT considers the following student information to determine eligibility:
- Rigorous high school curriculum program (such a program includes taking AP courses, being in a dual program, having taken Math and Science courses, and the grades associated with these courses.
- If you have not met scholarship eligibility, this does not mean you are not admissible or that you will not succeed at NJIT. There is a possibility of a second review of your application to determine your eligibility

Note: If you received a scholarship from another school, or received a scholarship that is more than what NJIT offered; you can submit an appeal for considering you for additional scholarship. NJIT reviews scholarship appeals on a case-by-case basis. You may submit competing scholarship offers to the Admissions Office for review. While additional aid is not guaranteed, students are encouraged to submit an appeal.

What is the Student Aid Index (SAI)?

SAI is an eligibility index number that the financial aid office uses to determine how much federal student aid you would receive.
This number results from the information that you provide on your FAFSA® form; takes student contribution and parent contribution (income, assets, taxes paid, and demographics of the student and family).
This number is not a dollar amount of aid eligibility or what your family is expected to provide. A negative SAI indicates the student has a higher financial need.

What kind of loans are available from the federal government and when do I repay them?

Federal Direct Subsidized Loan: An undergraduate federal student loan based on financial need and offers students a reduced, fixed interest rate and flexible repayment terms. Interest is subsidized, meaning it does not accrue to the borrower, while in school at least half-time, for the first six months after you leave school (referred to as a grace period*), or deferment period (a postponement of loan payments). You can start paying the loan back while you are enrolled in school but it is not required. Annual and aggregate loan limits apply.
Federal Direct Unsubsidized Loan: This student loan offers students a fixed interest rate and flexible repayment terms. It is not based on financial need. Interest begins to accrue when the loan is disbursed and can be paid while the student is enrolled or when loan repayment begins. You can start paying the loan back while you are enrolled in school but it is not required. If you choose not to pay the interest while you are in school and during grace periods and deferment or forbearance periods, your interest will accrue (accumulate) and be capitalized (that is, your interest will be added to the principal amount of your loan). The borrower is responsible for paying the interest during all periods. Annual and aggregate limits apply. Read about this loan.
Federal Direct Parent PLUS Loan: Federal loan that parents of dependent undergraduate students can borrow to help pay for educational expenses. Parents must pass a credit check for adverse credit history to qualify for PLUS loans.

Are there resources available to help me investigate other types of aid?

Yes, aligned with our mission to provide an affordable education within reach, we invested in the Scholarship Universe Tool which is free of charge to all students. This tool matches your profile with external scholarship sources/agencies for scholarship opportunities. Visit Scholarship Universe and create your profile.
Other sources of aid
- Up to 6-installment payment plan (details). See billing deadlines
- Federal Direct Parent PLUS Loan (terms of loan)
- Private Loans (find a lender)
- RA position in exchange for full room and meals covered

What are the benefits of working on campus?

Benefits

Develops leadership skills
Helps build your resume
Establish more campus connections
If funding is from Federal Work-Study, does not count on the FAFSA

Once you become a student, you can search and apply for jobs on the portal (maximum hours are 20/week). You can work as:

Federal Work-Study
Institutional Work-Study

What happens if my family's financial situation does not accurately reflect what was reported in the FAFSA?

Student Financial Aid Services can do a re-evaluation using current income through a process called a Special Circumstances Appeal.

What is Verification?

Verification is a federally or state mandated process to confirm the accuracy of data provided by selected applicants on the FAFSA. To complete the verification process, the student, their parent(s), or spouse, if applicable, are required to provide certain documents to the school or state (Higher Education Student Assistance Authority) for review. If the documentation the student provides does not match what was reported on the FAFSA, verification can result in changes to the student's financial aid eligibility, and/or financial aid offers.

Financial Aid Glossary

The College Financing Plan	A document sent by a postsecondary institution to a student that outlines the amounts and details of the financial aid being offered to the student, which may include scholarships, grants, loans, employment, or other forms of financial assistance to pay for college expenses that include direct costs and indirect expenses.
Student Aid Index (SAI)	An eligibility index number that the financial aid office uses to determine how much federal aid a student is eligible to receive. The SAI is not the amount of money a family will have to pay for college, or the amount of federal student aid the student will receive. Generally, students with a higher SAI are eligible for less need-based financial aid. It is based upon the information provided by the student and their family on the FAFSA.
Cost of Attendance (COA)	Consists of the sum of educational costs payable to the school (direct costs) and indirect expenses not charged by the school but are out-of-pocket costs that are considered necessary and maybe incurred by the student. The COA represents the highest dollar amount of financial aid a student can receive during an award year. COA includes the following cost components: Tuition and fees Housing and food Books, course materials, supplies, equipment (including documented rental or purchase of a computer) Transportation Personal expenses Federal student loan fees Professional licensure certification, or a first professional credential costs for a program requiring professional licensure, certification, or a first professional credential for employment in the field of study Dependent care, disability-related expenses, study abroad expenses and cooperative education costs can be included upon request based on student’s circumstances For students attending less than half-time, the COA includes: Tuition and fees Books, course materials, supplies, and equipment Transportation Federal student loan fees Professional licensure, certification, or a first professional credential costs if the academic program leads to a professional licensure, certification, or credential Dependent care, disability-related expenses, study abroad expenses, and cooperative education costs (if applicable upon request)
Direct Costs	Generally, include tuition, fees, housing, and food (for students residing on campus). For students not residing on campus, directs costs are tuition and fees.
Indirect Expenses	Expenses not paid directly to the school, but associated with receiving an education and you may incur these expenses while attending school. These expenses are estimated by the school and may differ from student to student based on their individual circumstances. These expenses may include books, course materials, supplies, equipment (including documented rental or purchase of a computer), transportation, personal expenses, dependent care costs, disability-related expenses and professional licensure certification, or a first professional credential costs for a program requiring professional licensure, certification, or a first professional credential for employment in the field of study.
Educational Loan	Money borrowed from the federal government, or a private source like a bank or financial institution to pay for educational expenses and must be paid back with interest. Loans from the federal government typically have a lower interest rate than loans from private lenders.
Enrollment Status	Number of credits, clock hours, or classes the student is enrolled in, or whether they have withdrawn, graduated, etc. Enrollment status affects eligibility for and the amount of financial aid a student may receive. It also affects when student loans enter repayment status.
Federal Loan Program	Allows eligible students and parents to borrow directly from the U.S. Department of Education at participating colleges or universities. Federal student loans include Federal Direct Subsidized, Federal Direct Unsubsidized and the Federal Direct PLUS programs for parents of dependent students and graduate or professional students. Read more about federal loans.
Federal Direct Subsidized Loan	An undergraduate federal student loan based on financial need and offers students a reduced, fixed interest rate and flexible repayment terms. Interest is subsidized, meaning it does not accrue to the borrower, while in school at least half-time, for the first six months after you leave school (referred to as a grace period*), or deferment period (a postponement of loan payments). Annual and aggregate loan limits apply.
Federal Direct Unsubsidized Loan	Offers students a fixed interest rate and flexible repayment terms. It is not based on financial need. Interest begins to accrue when the loan is disbursed and can be paid while the student is enrolled or when loan repayment begins. If you choose not to pay the interest while you are in school and during grace periods and deferment or forbearance periods, your interest will accrue (accumulate) and be capitalized (that is, your interest will be added to the principal amount of your loan). The borrower is responsible for paying the interest during all periods. Annual and aggregate limits apply. Read about this loan.
Federal Direct Parent PLUS Loan	Federal loan that parents of dependent undergraduate students can borrow to help pay for educational expenses. Parents must pass a credit check for adverse credit history to qualify for PLUS loans.
Federal Pell Grant	Federal grant program designed to assist undergraduate students in low- and moderate-income households to pay for college. The award amount is based on the cost of the institution, Student Aid Index (SAI), and enrollment status, and is subject to an aggregate lifetime limit.
Federal Supplemental Educational Opportunity Grant (FSEOG)	Federal grant provided by the institution to qualified undergraduate students who demonstrate exceptional financial need and does not need to be repaid. The amount of funding from this program varies by institution.
Federal Work-Study	A federal student aid program that provides part-time employment while the student is enrolled in school to help pay his or her education expenses. Students must seek out and apply for work-study jobs at their school. Students will be paid directly for the hours they work and the amount they earn cannot exceed the total amount awarded by the school for the award year. Students have to apply for the jobs themselves.
Financial Need	The student's Cost of Attendance minus their Student Aid Index.
Grants and Scholarships	Student aid funds that do not have to be repaid. They can be called grants, scholarships, tuition remissions, or tuition waivers. Grants are need-based, while scholarships are usually merit-based. Occasionally you might have to pay back part or all of a grant or scholarship if, for example, you withdraw from school before finishing a semester.
Need-based Aid	Financial assistance provided to students based on their financial situation, determined by completing the FAFSA. Need-based financial aid can take different forms, including grants, scholarships, work-study programs, and low-interest loans, like the Federal Direct Subsidized loan.
Need-based Grants	Provided to students based on their financial need, determined by completing the FAFSA. Need-based grants include Federal Pell grant, Federal Supplemental Educational Opportunity Grant (FSEOG), state grants like Tuition Aid Grant (TAG) and NJIT Highlander Grant.
Net Cost	An estimate of the actual cost that a student and his or her family need to pay in a given year to cover education expenses for the student to attend a particular school. Net cost is determined by taking the institution’s cost of attendance and subtracting any grants and scholarships for which the student may be eligible.
Private Loan	A student or parent loan from a bank, credit union, private company, a nonprofit or state-affiliated lender, or from the college or university directly to pay for educational costs. Interest begins to accrue when the loan is disbursed, and repayment begins while the student is still enrolled in school.
Verification	A federally or state mandated process to confirm the accuracy of data provided by selected applicants on the FAFSA. To complete the verification process, the student, their parent(s), or spouse, if applicable, are required to provide certain documents to the school or state (Higher Education Student Assistance Authority) for review. If the documentation the student provides does not match what was reported on the FAFSA, verification can result in changes to the student's financial aid eligibility, and/or financial aid offers.
Additional Resources	Funding options outside of grants and scholarships that a student and their family may use to pay any remaining costs or expenses. This may include institutional payment plans, external scholarships, personal savings, private loans or Federal Direct Parent PLUS loans.

Generally, students go abroad during either the Fall semester or the Spring semester; occasionally students will spend an entire academic year abroad. Students also go abroad during Summer. Students participate in study abroad programs in one of two ways:

Via an agreement with a Study Abroad Provider, in which the student does not pay NJIT (MR_GLBL)
By paying tuition and fees to NJIT (student is registered for the 12 credit course MR-INTL)

Financial Aid Program Eligibility

The type of financial aid a student is able to utilize for their study abroad trip is determined by whether the student selects MR-GLBL or MR_INTL; the chart below illustrates students’ eligibility for financial aid by student aid source and circumstances (please note, however, that students must still meet the individual eligibility programs to receive the specific types of aid programs).

Type of Agreement	Title IV	NJ State Aid	NJIT Institutional	NJIT Endowed, Alumni, and Annual Scholarships
Bilateral agreement with foreign institutions of higher education, including Global E3, student pays NJIT Tuition (MR_INTL)	Yes	Yes	Yes, exception being any type of Room Grant (Honors, Athletic, etc).	Yes
Agreement with a study abroad provider, student does not pay NJIT Tuition (MR_GLBL)	Yes	No	No	No

For students selecting the MR_INTL option, students are billed by NJIT and are eligible to receive all Federal, State and Institutional aid that they would normally be entitled to, other than work-study and any NJIT Room Grants (Honors, Athletic, etc). To insure that all aid is processed properly, the student must meet with a Financial Aid Advisor and provide an approved “Study Abroad Enrollment and Financial Form” from the Office of Global Initiatives.

For students selecting the MR_GLBL option, a consortium agreement will be required in order for NJIT to process any Title IV Financial Aid, which includes but is not limited to, Federal Pell Grant, Federal SEOG, Federal Direct Loan, and Federal PLUS Loan that the student qualifies for. In this instance, even though the student is not being billed by NJIT and is not attending NJIT, NJIT will serve as the “home school” and will award/disburse student’s aid via a Consortium Agreement. Since the student’s bill will be zero, a credit will be generated once the aid is disbursed and the money will be refunded to the student. A Consortium Agreement will be initiated only after the student has met with a Financial Aid Advisor, and has provided an approved “Study Abroad Enrollment and Financial Form” from the Office of Global Initiatives.

Documentation of Costs

Regardless of which study abroad option a student selects (MR_INTL or MR_GLBL) students receiving any form of aid (federal, state or institutional) are required to provide documentation of costs associated with their trip abroad. These costs include tuition/fees, housing, food, books, course materials, supplies, & equipment, transportation and miscellaneous costs; if the student fails to do so, these components will be “zero” on the student’s cost of attendance (COA) and could impact the amount of aid that the student is eligible to receive.

Student’s Responsibilities

In addition to providing documentation of costs, students have several other responsibilities that need to be addressed before they go abroad. They include, but are not limited to, those detailed below:

Provide proof of enrollment AFTER registering for classes at the host institution; failure to do so may result in loss or reduction of financial aid;
Notify both the Office of Global Initiatives and Student Financial Aid Services of any enrollment changes; enrollment changes may impact Federal, State and Institutional Aid;
Submit all required financial aid documents PRIOR to departure;
Maintain contact with the Office of Global Initiatives;
Ensure that the academic transcript is forwarded from the host institution to NJIT;
Have a GREAT time abroad!

For more information, please visit https://www.njit.edu/studyabroad/

New Jersey passed a law on May 9, 2018, that allows New Jersey Dreamers enrolled in eligible New Jersey colleges to apply for state financial aid. Students must complete the New Jersey Alternative Financial Aid Application.

Eligibility Criteria

Complete the New Jersey Alternative Financial Aid Application if you are not a United States citizen or eligible noncitizen and meet all of the following criteria:

Attended a New Jersey high school for at least three (3) years
Graduated from a New Jersey high school or received the equivalent of a high school diploma in New Jersey
Are able to file an affidavit stating that you have filed an application to legalize your immigration status or will file an application as soon as you are eligible to do so

How to Apply

Complete the New Jersey Alternative Financial Aid Application
Create your NJ FAMS account
Submit the following documents to Student Financial Aid Services:
- State Grant Certification for New Jersey Dreamers
- A copy of your final New Jersey high school transcript. Your high school transcript must include the graduation date, and that you attended at least 3 years of high school in NJ

Important Dates

The Higher Education Student Assistance Authority has strict deadlines. Please make sure that you submit your information by the state deadlines.

NJ Dreamer FAQs

Please refer to the FAQs for answers related to the state aid process for NJ dreamers.

Helpful Links

Resources

Noncitizen students may apply for external scholarships at Scholarship Universe. Some other private scholarships are listed below. You must meet all the eligibility requirements set forth in the scholarship application:

Apply for Aid as a Transfer Student

If you plan to transfer to the New Jersey Institute of Technology (NJIT), please follow the steps below to ensure you receive your financial aid offer in a timely manner.

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File or Update your FAFSA

To apply for federal, state and institutional aid, you must complete a Free Application for Federal Student Aid (FAFSA). Once your application and any required verification are complete, your financial aid - including grants, scholarships, and loans - will be disbursed directly to your tuition account at the beginning of each semester. NJIT’s federal school code for FAFSA is 002621. NJIT’s priority filing deadline is March 1st. If you have already completed a FAFSA for another school, you will need to add NJIT to your FAFSA by following the steps below:

Go to FAFSA and click on Edit Existing Forms
Add NJIT’s school code 002621 in the “Colleges” section
Sign and submit your FAFSA

New Jersey Alternative Financial Aid Application

The New Jersey Alternative Financial Aid Application allows NJ Dreamers enrolled at eligible New Jersey colleges and universities to apply for state-based financial aid. To learn more or start your application, visit the Higher Education Student Assistance Authority (HESAA).

Note: Students who are eligible for federal aid through FAFSA must not complete the New Jersey Alternative Financial Aid Application.

Notify Your Current School

Notify your current institution that you are transferring and request that any pending financial aid for future terms be canceled before NJIT can process your aid.

Submit All Required Documentation

Verification is a process required by the U.S. Department of Education to confirm the accuracy of the information you provided on your Free Application for Federal Student Aid (FAFSA).

If your application is selected for verification, our office will notify you by email with detailed instructions on how to provide the requested documents. To avoid delays in the processing and disbursement of your financial aid, please submit all required documents before March 15.

New Jersey Residents
If you are a New Jersey resident and have been selected for state verification, all required documentation must be submitted directly to the Higher Education Student Assistance Authority (HESAA) through the NJFAMS portal.

Review your College Financing Plan

A College Financing Plan provides a detailed overview of the financial aid being offered to a student. This may include scholarships, grants, loans, work-study employment, or other forms of financial assistance to help cover college expenses.

Students, along with the parents of dependent students, will receive an email notification with their preliminary aid amounts. Your financial aid offer is considered an estimate until all required financial aid documents and processes are complete. Certain requirements must be met before you can receive an official offer, and your financial aid award may change once all documentation has been reviewed and processed.

Accept Your Aid

Grants and scholarships are automatically applied to your tuition and fees bill. If you plan to use student loans or wish to work on campus under Federal Work Study, you must accept them through your financial aid dashboard.

Claim your UCID (If not already done so).
Log in to the Financial Aid Dashboard.
Select the aid year from the drop-down menu.
Navigate to the Offer tab to view your financial aid awards.
Under the Loans section, review your loan offers.
Accept or decline the loans as needed and click Submit.

Complete Loan Documents

What is a Master Promissory Note?
The Master Promissory Note (MPN) is a legal document in which you promise to repay your loan(s) and any accrued interest and fees to the U.S. Department of Education. It also explains the terms and conditions of your loan(s).

What is an Entrance Counseling?
Entrance Counseling helps ensure that you understand the terms and conditions of your loan, as well as your rights and responsibilities as a borrower. During counseling, you will learn:

What a loan is and how it works
How interest accrues
Your repayment options
How to avoid delinquency and default

First-Time Borrowers
First-time borrowers will need to complete a Master Promissory Note and Entrance Counseling requirements through studentaid.gov for their federal student loans.

Federal Direct PLUS Loans
Parents who are borrowing a Federal Direct PLUS Loan must complete a Master Promissory Note (MPN).

If a parent applies for a PLUS Loan with an endorser or must appeal a credit decision for approval, they are also required to complete PLUS loan credit counseling.

Private Loans
If you are borrowing a private loan, you should regularly monitor communications from your lender to ensure all required steps - such as accepting the loan’s terms and conditions - are completed. Failure to submit requirements on time may affect your loan eligibility and disbursement.

Additional Funding Options

If you need additional funding to cover your tuition or other school-related expenses, several options are available:

Parent PLUS Loan – Parents of dependent students may consider this federal loan option.
Graduate PLUS Loan – Available for graduate and professional students.
Private Student Loans – Many banks and lenders offer private loans. You may choose any lender you prefer. Click here to help you compare private loan options.
Payment Plan – You can enroll in a payment plan through the Bursar's Office
Scholarship Universe – Admitted students have access to Scholarship Universe — a personalized gateway to external scholarship opportunities. Scholarship Universe connects students with real, verified scholarships tailored to students’ academic profiles and interests.

Set Up Direct Deposit

If your account has a credit balance after your financial aid is disbursed, you may be eligible to receive the excess funds as a refund. The fastest way to receive your refund is by setting up direct deposit.

Monitor Your Financial Aid Dashboard

After you complete your FAFSA, the Office of Student Financial Aid Services (SFAS) will receive your application for processing. You can monitor your progress and manage your financial aid by following these steps:

Claim your UCID (If not already done so).
Log in to the Financial Aid Dashboard.
Select the aid year from the drop-down menu.
Go to the Home tab.
Review the Student Requirements section for any outstanding items.

Although international students aren't eligible for federal aid, there are plenty of other opportunities for financial assistance. Check out the scholarships for international students—and don't forget about campus employment. You'll need to wait until you get to campus to apply for any jobs, but it's never too soon to start checking things out.

Graduate study at NJIT comes in a few different flavors, and financial assistance is available for no matter what route you choose:

Matriculated graduate students (full or part-time) working on an M.A., an M.S., or a Ph.D. degree
Graduate-certificate students enrolled in a Graduate Certificate program

Apply for Aid

New Jersey Alternative Financial Aid Application

Note: Students who are eligible for federal aid through FAFSA must not complete the New Jersey Alternative Financial Aid Application.

Financial Aid Process

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Create your StudentAid.gov Account

Both the student and the parent of dependent students must create a StudentAid.gov account. This account is required for several financial aid tasks, including:

Completing and signing the FAFSA
Signing loan documents
Applying for and managing Direct PLUS Loans

Be sure to keep your account information secure, as it provides access to your federal financial aid records.

File your FAFSA

The FAFSA application is typically available October 1st and should be completed before NJIT’s priority filing deadline, March 1st.
NJIT’s school code is 002621
NJ Dreamers should complete the New Jersey Alternative Financial Aid Application
For more information, see the FAFSA page

Complete Verification

Verification is a process required by the U.S. Department of Education to confirm the accuracy of the information you provided on your Free Application for Federal Student Aid (FAFSA).

Review your College Financing Plan

Accept Your Aid

Claim your UCID (If not already done so).
Log in to the Financial Aid Dashboard.
Select the aid year from the drop-down menu.
Navigate to the Offer tab to view your financial aid awards.
Under the Loans section, review your loan offers.
Accept or decline the loans as needed and click Submit.

Complete Loan Documents

What a loan is and how it works
How interest accrues
Your repayment options
How to avoid delinquency and default

First-Time Borrowers

First-time borrowers will need to complete a Master Promissory Note and Entrance Counseling requirements through studentaid.gov for their federal student loans.

Federal Direct PLUS Loans
Parents who are borrowing a Federal Direct PLUS Loan must complete a Master Promissory Note (MPN).

If a parent applies for a PLUS Loan with an endorser or must appeal a credit decision for approval, they are also required to complete PLUS loan credit counseling.

Additional Funding Options

If you need additional funding to cover your tuition or other school-related expenses, several options are available:

Parent PLUS Loan – Parents of dependent students may consider this federal loan option.
Graduate PLUS Loan – Available for graduate and professional students.
Private Student Loans – Many banks and lenders offer private loans. You may choose any lender you prefer. Click here to help you compare private loan options.
Payment Plan – You can enroll in a payment plan through the Bursar's Office
Scholarship Universe – Admitted students have access to Scholarship Universe — a personalized gateway to external scholarship opportunities. Scholarship Universe connects students with real, verified scholarships tailored to students’ academic profiles and interests.