INCEPTIA - FINANCIAL AVENUE
New Jersey Institute of Technology has teamed up with Inceptia to give you a leg up on financial education via their online program, Financial Avenue. With Financial Avenue, the idea is to provide you with smart resources to help demystify the world of personal finance. Trust us – getting a handle on your money doesn’t have to feel overwhelming or restrictive. It’s all about empowering yourself with smart basics, and planning from there.
With Inceptia’s money mascot, the Knowl, as your trusty guide, you will have access to ten online courses that take on big financial topics, including:
| Psychology of Money | Earning Money |
| Foundations of Money | Credit and Protecting Your Money |
| College and Money | Spending and Borrowing |
| FAFSA | Debt and Repayment |
| Loan Guidance | Future of Your Money |
We get it, sometimes financial education can be pretty boring and it doesn’t always make a lot of sense if you don’t know how to put your knowledge into action. But, Financial Avenue keeps you on your toes with quizzes, videos, interactive tools, and action plans at the end of each course. With all these tools, we’ve made it pretty easy to know exactly what you can begin doing RIGHT NOW to put your financial knowledge to good use. After all, the Knowl says there’s no time like the present.
SAP Probation Students
At this time, we require students who are on SAP probation to complete a financial literacy module, College and Money. Students with an approved SAP appeal must use the link sent to them in their email to register for the College and Money module. Some other relevant modules we recommend include the following: Debt & Repayment, Spending & Borrowing, and FAFSA.
Benefits as a SAP Probation Student:
- Develop positive financial habits to reduce your financial worries
- Identify responsible ways to fund your NJIT education
- May help you explore opportunities you may have thought were not available due to financial limitations.
- You will acquire life-long financial knowledge and habits that will help you become economically responsible individuals during your time at NJIT and beyond graduation.
The Knowl is here to help you get Knowl-edgeable about money
Follow the #Knowl
Also, the Knowl would appreciate it if you followed them @MoneyKnowl and #Knowl. The Knowl will be sure to make it worth your while by sharing tips, resources and strategies to help you become a Money Mastery Ninja.
For Technical Support with the Inceptia Platform contact:
For Questions on these Services/Modules contact Student Financial Aid Services here!
Understand the cost of attending NJIT is important. As mandated by federal regulations, the Cost of Attendance (also known as COA) is the average cost to attend for one academic year. The University provides the individualized cost of attendance which includes estimates of tuition and fees, allowances for books and supplies, housing and food, transportation, loan fees, personal expenses, and dependent care (if applicable). Such figures are based on major, first-time enrolled status, and expected enrollment. The COA is used in calculating financial aid eligibility and assessing unmet need. The COA can be used by students and their families to plan their finances for NJIT. Your total financial aid package can never exceed the university’s cost of attendance. The awards that make the package may grants, scholarships, loans, work-study, and scholarships from private entities.
Cost of Attendance (COA)
Cost of Attendance (COA) components include tuition and fees; housing and food; books, course materials, supplies, and equipment; transportation; personal expenses; federal loan fees; and costs associated with professional licensure, certification, or a first professional credential. These components are adjusted based on a student’s actual enrollment status. For example, if a student is enrolled full-time during the Fall term and then enrolls half-time in the Spring term, the COA components for the Spring term will be prorated to reflect half-time enrollment.
Below we provide the updated definitions of commonly used COA terms based on the statutory changes in section 472 of the HEA, incorporating the changes for the 2023-24 award year and beyond:
Tuition and fees—An amount normally assessed a student carrying the same academic workload, as determined by the institution.
Books, course materials, supplies, and equipment—An allowance for books, course materials, and equipment, which must include all such costs required of all students in the same course of study, including a reasonable allowance for the rental or upfront purchase of a personal computer, as determined by the institution.
Federal student loan fees—An allowance for the cost of any Federal student loan fee, origination fee, or insurance premium charged to the student or the parent of the student.
Transportation—An allowance, as determined by the institution, which may include transportation between campus, residences, and place of work.
Miscellaneous personal expenses—An allowance, as determined by the institution, for a student attending the institution on at least a half-time basis.
Living expenses—An allowance for food and housing costs, as determined by the institution, to be incurred by the student attending the institution on at least a half-time basis, including—
- A standard food allowance that provides the equivalent of three meals each day, regardless of whether a student chooses institutionally owned or operated food services (i.e., board or meal plans). Institutions must provide an allowance for purchasing food off campus for a student that does not elect institutionally owned or operated food services.
- Housing allowances for students residing in institutionally owned or operated housing with or without dependents must be based on the average or median amount assessed to such residents for housing charges, whichever is greater.
- Housing allowances for students living off campus must include rent or other housing costs.
- For dependent students living at home with parents, institutions must include a reasonable standard allowance for living expenses that is not zero.
In accordance with federal regulations: for students attending less than half-time, the Total Cost of Attendance is reduced to include only tuition and fees; an allowance for books, supplies, and transportation; and dependent care expenses.
In certain situations, your Cost of Attendance may be increased to reflect these allowable expenses. If your situation includes these expenses, please contact our office.
Study abroad expenses—An allowance for reasonable costs, as determined by the institution, for a student in a study abroad program approved for credit by the home institution.
Cooperative education costs—An allowance for reasonable costs, as determined by the institution, associated with such employment for a student engaged in a work experience under a cooperative education program.
Dependent care —An allowance based on the estimated actual expenses incurred for dependent care, based on the number and age of such dependents.
Disability-related expenses—An allowance, as determined by the institution, for expenses associated with a student’s disability, including special services, personal assistance, transportation, equipment, and supplies that are reasonably incurred and not provided for by other agencies.
Professional licensure, certification, or a first professional credential—An allowance for the costs associated with obtaining a license, certification, or a first professional credential, for a student in a program that prepares them to enter a profession that requires such a qualification.
Below are the COA’s by student categories:
- First-Time Freshman or Transfer Student
- Continuing Undergraduate Student
- Graduate Students
COA: Direct Costs vs. Indirect Costs
It is sometimes confusing for students and families to understand the difference between direct and indirect costs within the COA. Below are some definitions:
Direct costs: are the charges that appear on the student bill such as tuition and fees and housing and food (for those who sign a contract with the Office of Residence Life) and books if using award credit at the bookstore.
Indirect Costs(books, travel, and miscellaneous a contract with the Office of Residence Life at http://www.njit.edu/reslife/ . The estimated housing and food that are part of the COA for a student living on-campus represents the most commonly selected housing and food plan, which is a double-room, and Meal Plan A.
Living Off-Campus
These are costs that are not to be confused with your student bill charges as they are estimates of what your entire educational expense and the cost to live for one academic year, and can be used for planning purposes. Such indirect costs are part of the COA because you may need to buy new software, computer, etc. that may qualify for miscellaneous charges. Indirect charges help assess your financial need, and it sets a limit on the total aid that you may receive.
If your aid covers your entire bill and you still have an excess credit remaining you will be notified by the office so that you may purchase your books at the University Bookstore if desired. Any excess credit not used at the bookstore will be issued in a “refund check” as applicable to the type of award. Refund checks are generally distributed within two weeks after disbursement. The first disbursement is generally 14 days into the semester (if a student awards are ready to transfer).
Living On-Campus
Students who choose to live on-campus must sign
Students living off-campus who have indicated on their FAFSA about the off-campus living status will be assessed an estimated housing and food value as an indirect cost (does not appear on the bill). The off-campus housing and meal estimate utilize an estimated figure from the College Board’s Cost of Living Budgets for the NY/Northeastern NJ area. For dependent students are select “living off-campus” as their FAFSA housing status, it is NJIT’s University policy to assess their estimated housing and food indirect COA costs as “living with parent.” We may consider updating the housing status for dependent students who can show an off-campus lease effective during the relevant award period.
Living at Home
Student living with their parents as reported on their FAFSA housing status question will be assessed the estimated housing and food value as an indirect cost (does not appear on the bill). The off-campus housing and meal estimate utilize an estimated figure from the College Board’s Cost of Living Budgets for the NY/Northeastern NJ area. If students change their housing status, they are required to update their FAFSA and inform the Office of Student Financial Aid Services.
Loan Fees
Since federal loans are assessed a loan fee at the time the loan is processed, the amount for a loan fee will be added to the COA if students accept their federal loans. The amount is based on an average of prior year awards.
Financial Literacy and Planning Resources:
Eligibility for most financial aid programs is determined on the basis of financial need and on several other factors. Basically, to receive aid from most programs, you must meet the following criteria:
You must demonstrate financial need (not a criterion for some scholarships and some loans)
Student Financial Aid Services (SFAS) constructs yearly cost-of-attendance (COA) budgets that include tuition, fees, housing and food (or living expenses), books, course materials, supplies, & equipment, transportation, and miscellaneous expenses. The COA varies according to enrollment level and state residency. As a financial aid applicant, you and your family have primary responsibility for contributing to the total cost of your education. The information that you and your family report on the FAFSA is used in a formula established by US Congress to determine your Student Aid Index (SAI). SAI is an eligibility index number that the financial aid office uses to determine how much federal aid student is eligible to receive.
Financial aid attempts to fill the gap between your SAI and the yearly COA. The difference between the SAI and the COA is defined as financial need. If you're eligible, you may be awarded financial aid through a combination of grants and scholarships (which you won't have to repay), loans (which you will have to repay), and work-study (part-time employment on or off campus). These combinations of awards are referred to as financial aid packages. Keep in mind that, because of the variation of the COA, financial aid packages will vary as well.
Total aid—including scholarships, grants, federal work-study, loans, and other educational resources (such as tuition remission and veteran's benefits)—cannot exceed the total COA, whether the student aid was administered through SFAS or some other source. In cases where a student receives funds from certain federal student-aid programs, total financial aid may not exceed his or her demonstrated financial need.
- You must possess a high-school diploma or equivalent (not a criterion for some scholarships, New Jersey Tuition Aid Grant, and New Jersey Educational Opportunity Fund)
- You must be matriculated and enrolled in an academic program that is approved by the federal government.
Matriculated undergraduate students are those who have applied to and been accepted by the college and are enrolled in a Bachelor's Program. Matriculated graduate students are students who have applied to and been accepted by the college and are enrolled in a Master's Program. A non-matriculated graduate student is a student who has not applied for and been accepted into a Master's Program.
To determine if you are considered matriculated, contact Admissions.
- You must be a U.S. citizen or eligible non-citizen (not a criterion for all scholarships or institutional work-study)
- You must have a valid Social Security number.
- To apply for a Social Security number, contact the U.S. Social Security Administration.
- You must be maintaining Satisfactory Academic Progress (SAP).
Financial Aid Awareness Month Events
Financial Aid 101: Understanding FAFSA, Grants, Loans & Scholarships
Date: Thursday, February 5th @4:30pm-5:30pm - Virtual Event
This webinar provides a foundational overview of financial aid, including FAFSA basics, types of aid available, and common misconceptions.
Topics Covered:
What FAFSA is and why it matters
Grants, loans, scholarships, and work-study
Common myths about financial aid
Financial Aid Awareness Kickoff & Help Desk
Date: Friday, February 6th @1:00pm-3:00pm - Student Mall Conference Room
This kickoff event introduces Financial Aid Awareness Month and provides students with on-the-spot assistance. Financial aid staff will be available to answer questions, provide FAFSA guidance, and connect students with resources.
Activities Include:
- FAFSA overview
- One-on-one assistance
- QR codes to FAFSA and scholarship resources
Ensuring Your File Is Complete To Receive Financial Aid
Date: Wednesday, February 11th @3:00pm-4:00pm - Virtual Event
Learn how to create your Student Forms account to submit your outstanding documents
FAFSA Completion Lab: Get It Done Over Lunch
Date: Friday, February 13th @12:00pm-1:00pm - Campus Center Room 215
This daytime FAFSA Completion Lab provides students with dedicated time and hands-on support to complete their FAFSA between classes. Financial aid staff will be available for walk-in assistance, troubleshooting, and FAFSA review.
Activities Include:
- One-on-one FAFSA assistance
- Document review and next steps
- Help resolving FAFSA errors and verification questions
- Bring your laptop and lunch
- Common mistakes to avoid
Scholarships, Scholarships, Scholarships: How to Find & Win Free Money
Date: Monday, February 16th @3:00pm-4:00pm - Virtual Event
This session focuses on finding, applying for, and winning scholarships.
Topics Covered:
- Local vs. national scholarships
- Essay writing tips
- How to avoid scholarship scams
Student Appreciation Day Breakfast
Date: Wednesday, February 18th @9:00am-11:00am - Student Mall Office
This event is Student Appreciation Day and we encourage students to come to the office and engage with financial aid staff! Come in to meet the staff and ask some questions you may have!
Breakfast will be served this day!
2627 FAFSA Changes
Date: Tuesday, February 24th @3:00pm-4:00pm - Central King Building Room 220
This session helps students understand the impact the One Big Beautiful Bill Act will have on Financial Aid.
Topics Covered:
Pell Grant Eligibility
Federal Direct Loan Program
Loan Repayment Options
2026-2027 FAFSA Changes
Financial Aid for First-Gen, Adult & Transfer Students
Date: Wednesday, February 25th @12:00pm-1:00pm - Central King Building Room 215
This event addresses the unique financial aid challenges faced by first-generation, adult, and transfer students.
Topics Covered:
- Dependency status
- Balancing work, family, and school
- Special aid considerations
The Office of Student Financial Aid Services regularly hosts informational sessions on topics such as financial aid eligibility, summer aid, and the SAP appeal process. Please check back soon for updates, as new events will be added throughout the year.
In the meantime, students are encouraged to visit the Financial Aid website or contact our office for assistance and additional resources.
Contact methods
- Call the mainline: 973-596-3479
- Email us at finaid@njit.edu
- Fax us at: 973-596-2460
- Schedule an appointment by following instructions on this website here.
Mailing Address
Student Financial Aid Services (SFAS)
NJIT - Student Mall
University Heights
Newark, NJ 07102
Campus Location: Student Mall (lower level of the parking deck)
Normal Office Hours
Monday - Friday: 8:30am - 4:30pm
Summer Hours (May 19 - August 15)
Monday - Thursday: 8:30am - 5:00pm
* During summer holiday weeks, our office times are 9:00 am - 4:00 pm
Important Numbers
NJIT University Personnel/Deliveries: Please call 973-596-3477 or 973-596-3479 so that we can receive the deliveries.
Federal Student Assistance Information 1-800-433-3243 (and to request duplicate Student Aid Report)
New Jersey Higher Education Student Assistance Authority (NJHESAA)
1-800-792-8670 (New Jersey state grants, scholarships, and NJCLASS loans)
Federal Direct Loan Information
To view information on your federal student loans and loan servicers, please see Loan Servicer.
If students need to reach NJHESAA about state-related paperwork or questions about state aid, please send an email to this address: Client_Services@hesaa.org
Disclaimer
SFAS is not liable for the security of sensitive information or for the untimely receipt of deadline-oriented information via e-mail. To ensure safe and confidential receipt of documents containing sensitive information, you may send certified through U.S. mail or hand deliver. To ensure the timely receipt of deadline-oriented documents, fax the information and request a receipt acknowledgment. If you do not receive an acknowledgment, it is your responsibility to follow-up with SFAS to verify that the document has been received. Thank you.
We want to make the high quality of an NJIT education as affordable as possible for each student we admit. Close to 80% of all our undergrad students receive some form of financial aid as well as 92% of our first time incoming freshmen and transfer students. Our office provides more than $100 million in financial assistance to our students.
We also strive to provide excellent service to current NJIT students and their families. We’ll help you get all your questions answered and find the information you need to continue funding your education year after year.
If you fail to enroll or to begin attendance for the award period indicated on your financial aid notification letter, Student Financial Aid Services must cancel all financial aid that was offered to you. Upon your re-enrollment, you can request financial assistance again, but any assistance you receive will be based on the availability of funds at the time.
If you plan to withdraw from any of your courses during an academic term, it is important that you contact SFAS for advice regarding your financial aid. If you are not properly enrolled at the time the funds disburse, you could jeopardize receipt of particular types of aid. Withdrawing from courses may also prevent you from making satisfactory academic progress, which will affect your eligibility for future assistance. If you want to withdraw from all your courses, it is imperative that you follow the withdrawal procedure with the registrar to obtain an official withdrawal date.
Treatment of NJIT Financial Aid for Total Withdrawal
Adjustments to institutional financial aid follow the university's policy on refunds for tuition due to withdrawal.
If you withdraw from all courses on or before completing 60 percent of an academic term, SFAS will review your financial aid to determine whether funds must be adjusted in accordance with university, state, and federal policies governing total withdrawals. The bursar's office calculates your refund of tuition for total withdrawals according to the university's policy.
The policies on the treatment of financial aid for total withdrawals, however, are specific to each designated fund program and are applicable only if you were awarded that particular type of fund. If you were awarded various types of financial aid, more than one policy may apply in determining your revised aid eligibility.
The following sections describe the treatment of institutional, state, and federal financial aid when you withdraw entirely from the university.
|
Period of Withdrawal During a Semester |
Percentage of NJIT Aid Refunded to the Program |
| Week 1 | 100% |
| Week 2 | 90% |
| Weeks 3 and 4 | 50% |
| Weeks 5, 6, and 7 | 25% |
Treatment of New Jersey State Financial Aid for Total Withdrawal
Adjustments to New Jersey state aid follow the state refund policy for withdrawals. The following chart determines the amount of state aid that must be returned to the state program when a recipient withdraws.
|
Period of Withdrawal During a Semester |
% Refunded to Student |
Amount of Aid Returned to State |
Amount of State Aid Retained by Student |
| Week 1 | 100% | see example below | see example below |
| Week 2 | 90% | see example below | see example below |
| Weeks 3 and 4 | 50% | see example below | see example below |
| Weeks 5, 6, and 7 | 25% | see example below | see example below |
The amount of your tuition x % refund x New Jersey State Financial Aid Total Financial Aid, excluding FWS.
Example: Withdrawal in the second week of the semester with $3,959 tuition charges, a $2,350 TAG award, and $5,200 in aid (excluding FWS) would be: $3,959 x 90% = $3,563 x $2,350/$5,200 = $1,610 TAG returned to the state.
Treatment of Federal Financial Aid (Title IV) Programs as a Result of Total Withdrawal
The federal policy for return of Title IV funds maintains that you can retain only that portion of federal aid that you have earned based on your time in attendance before you withdrew from the university. The percentage of time you have attended an academic term determines the amount of federal aid that must be returned to the federal government. This federally mandated policy is independent of NJIT's institutional refund policy for tuition.
The policy determines, on a pro-rata basis, the amount of federal assistance that you have earned up to the point of total withdrawal. For example, if you complete 30 percent of an academic term, you earn 30 percent of the federal student aid that you were originally entitled to receive. Once you have completed more than 60 percent of the payment period or academic term, you will have earned all of your federal financial assistance, and no federal aid would need to be returned.
The following charts illustrate how unearned federal financial aid is calculated if you withdraw from the university.
- Fall 2025 Return of Title IV Funds - Refund Schedule
- Spring 2026 Return of Title IV Funds - Refund Schedule
See below Fall 2020 calculation example: If you have federal aid and you withdraw completely from your classes on 9/21/2020, the percentage of aid earned is 18.8%.
Federal Loan $2721 X 18.8% = $512.00 of the federal loan is the amount you have earned and the unearned amount $2,209.00 must be returned to the federal government. This may create a balance on your account. It is critical you understand the implications of your decision to withdraw.
Unofficial Withdrawals
As per federal and state regulations, the New Jersey Institute of Technology must determine whether federal and state aid recipients completed the semester. Students who do not earn any passing grade due to a combination of F, W or I grades are assumed to have unofficially withdrawn from the university and their aid must be adjusted accordingly.
If you are assumed to have unofficially withdrawn, we will reach out to the faculty members to confirm your last date of attendance or academic activity. Your federal and state aid will be recalculated and reduced based on your last date of attendance or using semester midpoint. As a result, any unearned aid will be returned to the source (federal or state). Should it become necessary for you to cease attendance in all courses, it is in your best interest to follow the official withdrawal procedure through the registrar but you are highly encouraged to speak with your Financial Aid Advisor to receive counseling on the impact of your withdrawal.
Federal Verification
Verification is the process in which Student Financial Aid Services (SFAS) — as dictated by federal and state regulations — compares the financial information you reported on the FAFSA with your prior-prior-year federal tax returns/ transcripts, W-2 forms, and other financial documentation. We also verify the household information. If your application is selected for verification, you will receive an email instructing you to access your financial aid account through your Highlander Pipeline portal. From there, you can determine the specific information SFAS needs in order to verify your data. SFAS must receive all requested documentation within 14 days of the request and verification must be complete before federal and state aid can be disbursed. If there are differences between the data you supplied on your FAFSA and the verification documentation, corrections may be needed, and your application will be reprocessed. If we make any corrections to your FAFSA information, we will notify you via a message on your Highlander Pipeline portal.
For income verification, we will request copies of signed federal tax returns and W-2s for students and parents (as applicable). In some cases, you may be asked to provide an IRS Tax Return Transcript from the Internal Revenue Service. To understand how to obtain an IRS Tax Return Transcript, please watch this video.
Your FAFSA may have flags that would require us to confirm your financial aid eligibility. For example, you may be asked to confirm your citizenship status. We will send you an email to upload the required proof of citizenship to the document portal. Your file will remain incomplete unless all required documents are submitted.
State Verification
If you are a New Jersey resident receiving state aid like the New Jersey Tuition Aid Grant (TAG), the New Jersey Higher Education Student Assistance Authority (HESAA) may select your file for state verification. If you receive a request for documents or additional information from HESAA, you must forward all requested information and financial documents directly to HESAA to avoid a delay in the disbursement of funds or loss of your state aid altogether. In some cases, HESAA may request the same information that was requested by SFAS. Please make sure you have created your NJFAMS account as HESAA will post all requests and open tasks on the NJFAMS portal.
Deadlines
It is extremely important that you respond to requests for information promptly because finalized financial aid packages are processed in the order of file completion date. To ensure that your financial aid funds disburse as scheduled at the start of the fall semester, you must submit all required documentation by April 15. You can still submit documents after the April 15 deadline, but the absolute deadline for the submittal of all documents is 30 days prior to the end of the semester or award period. The designated deadlines allow SFAS to process and authorize disbursements within the timeframes permitted under regulations set forth for administering the federal and state aid programs. We encourage you to regularly check your email and portal to provide requested documents in a timely manner to avoid delay or loss of aid.
Satisfactory Academic Progress (SAP) Policy
Satisfactory Academic Progress (SAP) policy is the term used to define successful completion of coursework to remain eligible for federal, state and some institutional financial aid. NJIT is required by federal and state regulations and institutional policy to determine whether a student is meeting SAP requirements. View NJIT's Satisfactory Academic Progress (SAP) Policy.
Basic Elements of SAP
- The standard applies to undergraduate, graduate (Master’s and Ph.D.) and graduate certificate students who wish to be considered for aid eligibility.
- The entire student’s academic history in their program level is considered in the assessment whether financial aid was received in the past or not
- The three SAP measurements include minimum grade point average, minimum pace requirement, and total semesters attended within the required timeframe
SAP Assessment and Review
Student’s academic history is reviewed annually at the conclusion of the spring payment period.
SAP Appeals Process
A student who fails the standards of SAP and has mitigating circumstances as mentioned below may submit an appeal by the deadline as per the policy and the appeal form. Below are the mitigating circumstance allowed under an appeal:
- Death in the family
- Illness
- Other special circumstances
Completed SAP appeals will be reviewed within 15 business days (during peak times, the review may take longer). Decisions will be sent to the student’s NJIT email account.
RELATED FORMS
STUDENT RESOURCES
Federal financial aid regulations allow students to receive financial aid for retaking (repeating) a previously passed course, one time only. For financial aid purposes, a “D” grade is considered passing.
Because a previously passed course can only be repeated once for financial aid purposes, if a student retakes a previously passed course, it will be included in the enrollment status and would be eligible for financial aid. However, if the student enrolls in the same course again for a second retake, this course will not be counted towards student’s enrollment status and would not be eligible for financial aid.
NJIT’s course repeat policy is different from the federal course repeat regulations. In some cases, federal regulations may allow a student to receive financial aid for retaking a course but the institutional policy may restrict a student from retaking the course after he/she has exhausted maximum allowed attempts. For institutional course repetition policy, please refer to the University Catalog.
Frequently Asked Questions
You may receive financial aid for all course repetitions of a failed course as long as you have not passed the course. However, please review Satisfactory Academic Progress (SAP) standards carefully since failing a course impacts Satisfactory Academic Progress. Students who are not meeting SAP standards are not eligible for financial aid. Also, NJIT’s course repeat policy may restrict the number of times you may repeat a course. Please see the Course Repetition Policy in the University Catalog.
After passing a course with a D or better, you can receive financial aid for only one retake even if you receive an F grade for the retake.
No. Retaking a previously passed course and failing it still counts as one retake. You will not receive financial aid for the third attempt and this course will not count towards your enrollment.
If the transfer credits count towards your degree and are accepted by NJIT, you are only allowed to receive financial aid for one retake of the transferred course(s).
No. If you officially withdraw from a course, it is not counted as a retake for federal financial aid purposes. For the institutional policy, please see the Course Repetition Policy in the University Catalog.