Financial Aid

As a financial aid recipient, you have the following rights:

  • Access to complete information regarding fees, payment and refund policies. 
  • Confidentiality of all personal and family financial information. 
  • Reconsideration of aid eligibility if you or your family’s situation warrants it through an appeal to SFAS. 
  • Rights under Family Educational Rights and Privacy Act (FERPA) law which protects the privacy of your education records. If you want to allow SFAS to discuss specific details of your record with any person, including your parent, you must complete the Information Release Consent Form. 

As an aid recipient, it is your responsibility to do the following: 

  • Advise SFAS of any additional aid received that is not indicated on your Financial Aid Financing Plan Offer notification. 
  • Inform SFAS if you expect to withdraw from the university. 
  • Follow application filing deadlines and submit to SFAS all required documentation for verification of financial and other information pertaining to your application within 14 days of the request. 
  • Give permission to SFAS to relay pertinent financial, academic and other information to donors of aid upon request. 
  • Maintain Satisfactory Academic Progress (SAP) for financial aid. 
  • Comply with the rules governing the types of assistance that you receive.

 

About 92 percent of our students receive financial assistance, and NJIT has awarded over $100 million in need-based, merit-based financial aid and student employment. Paying for college tuition can be a daunting task, but the Office of Student Financial Aid Services is here to help guide you through the process.

TYPICAL SOURCES OF TUITION PAYMENTS

  • Financial Aid (grants and loans)
  • Scholarships
  • Parent Contribution

NET PRICE CALCULATOR

  • Estimate the cost of attendance through this interactive tool: njit.studentaidcalculator.com

 Cost of Attendance
- Student Aid Index
= Financial Need

NEED-BASED AID

  • To be eligible for federal and state grants, student loans and work-study you must complete and submit a Free Application for Federal Student Aid (FAFSA). njit.edu/how-apply-financial-aid 

FEDERAL AID 

  • For federal grants and loans complete the FAFSA. The application opens on October 1. To maximize your aid eligibility, complete your FAFSA by the February 15 deadline. 

NJ STATE AID 

  • HESAA (Higher Education Student Assistance Authority)
    New Jersey residents may be eligible for state grants. Students must complete their FAFSA and submit all required documents by the state published deadlines through your NJFAMS account.

  • NJFAMS 
    Please make sure the student has created an NJFAMS account. NJFAMS is the student portal for HESAA which allows students to monitor their to-do checklist from HESAA and submit all requested documents for verification.

SCHOLARSHIPS 

  • INSTITUTIONAL SCHOLARSHIPS 
    NJIT awards merit-based scholarships of varying amounts to admitted students. 

  • SCHOLARSHIP UNIVERSE
    With Scholarship Universe, an online portal to apply for scholarships, students are automatically matched for eligible scholarships just by creating a profile in Scholarship Universe

OTHER LOANS 

  • After students have received the maximum of their federal loans and still have financial need, parents can apply for a Parent Plus or private loan. These loans require a credit check for eligibility. 

PAYMENT PLANS 

  • NJIT offers a monthly payment plan that allows students and parents to spread their tuition payments over half of the calendar year. Students must enroll in the plan prior to the posted payment deadline for the semester.

HIGHLANDER PIPELINE

  • Highlander Pipeline is available at my.njit.edu. To access Highlander Pipeline, use your students University Computing ID (UCID) and password. 

  • Login regularly for updates on Financial Aid, Billing and campus communications.

  • If you would like to pay your child’s bill, please follow the steps below:

  1. Student needs to login to MyNJIT portal.
  2. In the Student Account Card, click on "Student Account & Payment Portal" link and hit Continue.
  3. In the My Profile Setup section, select Authorized Users.
  4. Select Add Authorized Users and input the necessary information.

Once you are added as an authorized user, this will allow you to electronically access and pay the bill. This authorization does not entitle you to access to any other student records. A FERPA release is required for all other access.

Students may borrow private student loans if they have received the maximum in their Federal Direct Loans. Please note that once you have completed the loan application from the lender, approved loans will take up to 15 business days or more for processing. To apply for a private student loan, click the following link: http://beta.elmselect.com/link/query?schoolid=356 

Who can Borrow?

  • Students (and parents) who are U.S. Citizens or eligible non-citizens
  • International students are eligible with a creditworthy cosigner (who must be a citizen or permanent resident) and appropriate U.S. Citizenship and Immigration Service documentation.
  • Non-matriculated students, only in special cases**​

Eligibility

Eligibility criteria varies by the lender. Student must check the eligibility criteria with the lender before they apply. Some criteria that affects private loans is:

  • Citizenship status
  • Enrollment Status (Half-time or less than half-time)
  • FAFSA completion
  • Matriculation (accepted in a degree-granting program)
  • Past balances (all lenders do not allow it)
  • Satisfactory Academic Progress (SAP)

You can filter lenders using specific criteria. For example, if you need a lender that permits loans for students enrolled less than half-time, select the “Less Than Half-Time Enrollment” filter. You will first select your program (e.g., Undergraduate) and then click “View Loans" and then apply the filter. 

Apply for Federal Financial Aid

We highly recommend you complete the Free Application for Federal Student Aid (FAFSA) and apply for any student financial aid for which you are eligible. Private loans should only be considered after state and federal sources of financial aid have been utilized. Undergraduate dependent students may have their parent review the Federal Direct Parent PLUS loan information, before opting for a private loan.

Private Student Loan General Information

Students and parents must contact the lender directly for specific terms and conditions of the loans. We are listing some general information for your reference:

  • You may borrow up to the cost of attendance minus any other financial aid received. However, some lenders may have a limit to the amount that you can borrow to help with loan indebtedness.
  • The interest rate on the private student loan varies by lender and can depend on the creditworthiness of the student and their co-signer.
  • Repayment on private loan will begin after you graduate or cease be enrolled at least half-time.
  • Typically, you have 10 years to pay the loan back; however, repayment terms vary by lender.
  • There are no prepayment penalties so you can repay the loan earlier if you wish.
  • To apply for a Private Student Loan, you must apply directly with the lender of your choice. You can find a list of lenders by visiting ELM Select which allows students and parents to search for and compare private loan options.
  • Once you have made a decision you will be linked directly to the lender’s website to begin the loan application process.
  • Private student loans are the financial responsibility of the student, not the co-signer, however, the co-signer is liable for loan repayment should the student fail to make monthly payments.

Keep in mind, a private loan is an agreement between the borrower and the lender. The borrower is responsible for carefully managing his/her educational loans. Many lenders offer online account management tools to allow the borrower to check their loan status, view disbursement information, and monitor loan balances.

**The federal government requires that you be officially accepted and enrolled in a degree-granting program (i.e., "matriculated") in order to receive financial aid (such as a Federal Direct Loan); however, some private lending institutions do not require matriculation for loan eligibility.

We've got everything you need to complete your application packet quickly. If you don't have the free Adobe Reader, download it now to view and print the PDF forms below.

You can determine which forms you still need to submit by logging on to the Highlander Pipeline at my.njit.edu and follow these steps to access your Self-Service Financial Aid Page:

  • 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.

If you have already completed the required documentation, please continue to monitor your email and student portal to ensure no additional information is requested.

How to upload Verification Documents

To submit your verification documents, you will need to create an account for the document portal, if not created last year. For instructions see, Create My Document Portal Account.  

Please note that at times we may request additional documentation and/or clarification after you have submitted the requested document. Just because you submitted the items, does not mean the verification process has been finalized. Federal regulations require schools to resolve all discrepancies that arise with the student’s paperwork compared to the data reported on the Free Application for Federal Student Aid (FAFSA).

Non-Award Year Specific Forms

Instructions

 

NJIT’s FAFSA filing priority deadline is February 15, but you can continue to file your FAFSA after the priority deadline and submit any required documentation after April 15; however, there are specific deadlines associated with each student aid program. If you apply late, you risk the inability to receive student aid from some programs. In addition to the processed FAFSA, SFAS must receive all requested documentation 30 days before the end of the semester or award period. This deadline allows processing and authorization of disbursements within timeframes defined by regulations pertaining to federal and state aid programs. Failure to apply or to submit required documentation by the indicated deadlines may result in a loss of financial aid eligibility for all student aid programs.

January

  • SAP appeals for the spring semester (currently enrolled students only) are submitted to the Financial Aid Satisfactory Academic Progress Committee by January 11 (subject to change).

February

  • FAFSA priority filing deadline for upcoming academic year is March 1. To apply for financial aid at NJIT, you must include NJIT’s institutional code, 002621, in the college choice section of the FAFSA.
  • Summer Financial Aid applications available online under forms.

March

  • Tax forms and any other requested information is submitted to SFAS as soon as possible but no later than March 15 for the forthcoming academic year.

April

  • Student loan borrowers graduating in spring complete loan Exit Counseling.
  • FAFSA for prior-year NJ TAG recipients due by April 15.

May

  • Admission tuition deposits due May 1.
  • Returning student records reviewed for Satisfactory Academic Progress (SAP) after spring semester grades get posted.
  • Summer Financial Aid applications for Summer I due by May 8 (subject to change each year).

June

  • Summer Financial Aid applications for Summer II are due June 15 (subject to change each year).
  • SAP appeals for continuing students for summer semester are submitted to the Financial Aid Satisfactory Academic Progress Committee by June 15 (subject to change).
  • Returning students Financial Aid Packaging begins for those registered for the following fall semester.
  • Scholarship renewal for prior year recipients are packaged and sent if scholarship requirements are met.
  • Students with a previous scholarship with insufficient available funds due to market conditions are sent a notification of such for planning.
  • New students attend online orientation sessions.
  • New student loan borrowers complete loan Entrance Counseling and sign Master Promissory Note.

July

  • New students must complete mandatory academic advising sessions.
  • Undergraduate scholarship applications due by July 10.
  • Bills are sent in the last week of July.

August/September

  • Student employees complete Student Employment/FWS contracts and I-9 forms.
  • SAP appeals for continuing students for fall/spring semesters are submitted to the Financial Aid Satisfactory Academic Progress Committee by August 10 (subject to change).
  • First time FAFSA applications must be received by the Federal Processor for NJ TAG eligibility by September 15.

October

  • FAFSA available for filing (on October 1).
  • Student Aid Reports (SARs) and Student Eligibility Notices (SENs) (the latter for only NJ residents) start arriving in the mail; be sure NJIT is listed as first college choice (school code 002621) on the SAR and SEN.
  • Applications for Admission to Graduate Study are received by October 15 to receive full consideration for spring-semester graduate scholarships.

November

  • Student loan borrowers graduating at the end of the fall semester complete loan Exit Counseling.
  • Tuition bills sent to students registered for the spring semester.

December

  • Student Financial Aid Services begins to notify incoming freshmen of scholarships.
  • Need-based packaging begins for freshman and transfer students.
  • Applications for Admission to Graduate Study are received by December 15 in order to receive full consideration for fall-semester graduate scholarships.

Higher Education Emergency Relief Fund (HEERF) Student Aid Portion Reports

HEERF I CARES Act Student Aid Portion Report (Dated 05/27/2020)

HEERF I CARES Act Student Aid Portion Report (Dated 07/06/2020)

HEERF I CARES Act Student Aid Portion Report (Dated 08/21/2020)

HEERF I CARES Act Student Aid Portion Report (Dated 09/30/2020)

HEERF I CARES Act Student Aid Portion Report (Dated 01/10/2021)

HEERF I CARES Act Student Aid Portion Final Report (Dated 02/09/2021)

HEERF II CRRSA Act Student Aid Portion Report  (January 2021 - March 2021)

HEERF II CRRSA Act Student Aid Portion Final Report (April 2021 - June 2021)

HEERF III ARP Act Student Aid Portion Report  (April 2021 - June 2021)

HEERF III ARP Act Student Aid Portion Report  (July 2021 - September 2021)

HEERF III ARP Act Student Aid Portion Report  (October 2021 - December 2021)

HEERF III ARP Act Student Aid Portion Report  (January 2022 - March 2022)

Higher Education Emergency Relief Fund (HEERF) Institutional Portion Reports

HEERF I CARES Act Institutional Portion Report  (Dated 10/22/2020)

HEERF I CARES Act Institutional Portion Final Report (Dated 02/03/2021)

HEERF II CRRSA Act Institutional Portion Report (January 2021 - March 2021)

HEERF II CRRSA Act Institutional Portion Report (April 2021 - June 2021)

HEERF III ARP Act Institutional Portion Report (April 2021 - June 2021)

HEERF Quarterly Institutional Portion Report (July 2021 - September 2021 Amended 04/22)

HEERF Quarterly Institutional Portion Report (October 2021 - December 2021 Amended 04/22)

HEERF Quarterly Institutional Portion Report (January 2022 - March 2022)

Higher Education Emergency Relief Fund (HEERF) Student and Institutional Portion Reports

00262100_HEERF_Q22022_071022 (April 2022 – June 2022)

00262100_HEERF_Q22022_071022_rev_100422 (April 2022 – June 2022)

00262100_HEERF_Q32022_101022 (July 2022 – September 2022)

00262100_HEERF_Q32022_101022_rev_031523 (July 2022 – September 2022)

00262100_HEERF_Q42022_010623 (October 2022 – December 2022)

00262100_HEERF_Q42022_010623_rev_031523 (October 2022 – December 2022)

00262100_HEERF_Q12023_040523 (January 2023 – March 2023)

00262100_HEERF_Q22023_070623 (April 2023 – June 2023)

Higher Education Emergency Relief Fund (HEERF) Required Disclosure and Reporting

Emergency Federal Grants under the American Rescue Plan Act of 2021 (ARP)

Updated 12/08/2021

Under the American Rescue Plan (ARP) Act, NJIT received $12,191,985 in emergency federal funds to make available to students to be used for any component of the cost of attendance or for emergency costs that arise due to coronavirus, such as tuition, food, housing, health care or childcare. Such emergencies include costs incurred as of the March 13, 2020, the date of the declaration of a National Emergency Concerning the Novel Coronavirus Disease (COVID-19) outbreak. The University will implement the distribution of funds in phases, where Phase I begins with those who demonstrate need using the 2021-2022 FAFSA EFC, and in Phase II the distribution will encompass all eligible students (including international, DACA, and any other statuses). These funds are required to be prioritized to students with exceptional need, as defined by NJIT as those with a Federal Pell-Grant eligible Expected Family Contribution (EFC) or non- Pell-eligible EFC students who are recipients/eligible for specific need-based funds (Federal SEOG, Federal Work-Study, Federal Direct Subsidized Loan, NJ Tuition Aid Grant, or NJ Educational Opportunity Fund). For Phase II students (international, DACA, and other non-citizens), need is determined by students completing the application and demonstrating how finances changed in the household such that contributed to their need (such as a loss of job, illness, or death of a family member, or other emergencies).

Application:

1. US citizens or FAFSA filers: Emergency Federal Grants Request Form (To avoid any issues accessing the application, make sure to close all email accounts and only have NJIT email account open in the browser)

2. International, DACA and other non-citizens: Emergency Federal Grants for Non-Citizens

Policy: Emergency Federal Grants under the American Rescue Plan Act of 2021 (ARP)

FAQs: Emergency Federal Grants (ARP) FAQs

Special Circumstances: Appeal for Income Reduction

Emergency Federal Grants under the American Rescue Plan Act of 2021 (ARP)

Under the American Rescue Plan (ARP) Act, NJIT received $12,191,985 in emergency federal funds to make available to students to be used for any component of the cost of attendance or for emergency costs that arise due to coronavirus, such as tuition, food, housing, health care or childcare. Such emergencies include costs incurred as of the March 13, 2020, the date of the declaration of a National Emergency Concerning the Novel Coronavirus Disease (COVID-19) outbreak. The University will implement the distribution of funds in phases, where Phase I begins with those who demonstrate need and in Phase II the distribution will encompass all eligible students (including international, DACA, and any other statuses). These funds are required to be prioritized to students with exceptional need, as defined by NJIT as those with a Federal Pell-Grant eligible Expected Family Contribution (EFC) or non- Pell-eligible EFC students who are recipients/eligible for specific need-based funds (Federal SEOG, Federal Work-Study, Federal Direct Subsidized Loan, NJ Tuition Aid Grant, or NJ Educational Opportunity Fund).

Application: Emergency Federal Grants Request Form (To avoid any issues accessing the application, make sure to close all email accounts and only have NJIT email account open in the browser)

Policy: Emergency Federal Grants under the American Rescue Plan Act of 2021 (ARP)

FAQs: Emergency Federal Grants (ARP) FAQs

Emergency Federal Grants to Students under the Coronavirus Response and Relief Supplemental Appropriations (CRRSA) Act and Education Stabilization Fund

Under the Coronavirus Response and Relief Supplemental Appropriations (CRRSA) Act, the $82 billion Education Stabilization Fund incorporates emergency funds for student grants similar to the CARES Act grant. The allowable uses of funds are more flexible than the CARES Act grant as it allows funds to be distributed to even those enrolled exclusively in distance education and students in continuing education and non-credit programs. Eligible students are those NJIT students with emergency expenses and with the highest need who are US citizens or eligible non-citizens. To measure need, filing the 2020-2021 FAFSA is recommended, but a FAFSA is not required. If no FAFSA is on file, students must attest of their need on their applications. For the first time, under this new legislation, emergency funds can be used to pay down student tuition balances, and for other emergency expenses incurred on or after March 13, 2020 pandemic date. Such expenses include any component of the cost of attendance such as food, housing, transportation, course materials, technology, health care, and childcare.  

Application: Emergency Federal Grants Request Form (To avoid any issues accessing the application, make sure to close all email accounts and only have NJIT email account open in the browser)

Policy: Coronavirus Response and Relief Supplemental Appropriations (CRRSA) Act and Education Stabilization Fund

FAQs: Emergency Financial Aid Grants (CRRSA) FAQs

Coronavirus Aid, Relief, and Economic Security (CARES) Act

As per updated guidance from the Department of Education received on April 21, 2020, Only students who are or could be eligible to participate in programs under Section 484 in Title IV of the Higher Education Act of 1965, as amended (HEA), may receive emergency financial aid grants. Such students are those that have filed a 2019-2020 Free Application for Federal Student Aid (FAFSA), and met the federal aid eligibility criteria. The criteria to participate in federal programs under Section 484 of the HEA include but are not limited to the following: U.S. citizenship or eligible noncitizen; a valid Social Security number; registration with Selective Service (if the student is male); and a high school diploma, GED, or completion of high school in an approved homeschool setting. Further, students who were exclusively in an online program on March 13, 2020, the date the President declared a national emergency due to COVID-19 outbreak are not eligible for emergency financial aid grants. Finally, the CARES Act requires institutions to provide the emergency financial aid grants directly to students to pay for emergency expenses which include items in the student’s cost of attendance such as food, housing, course materials, technology, health care, and childcare. Such expenses must be related to the disruption of campus operations due to coronavirus, and therefore, grants cannot be used to satisfy students’ outstanding account balances.

(updated April 21, 2020)

Application: Emergency Federal Grants Request Form (To avoid any issues accessing the application, make sure to close all email accounts and only have NJIT email account open in the browser)

Policy: Coronavirus Aid, Relief, and Economic Security Policy

FAQs: CARES III Act Emergency Grants Frequently Asked Questions (FAQ)

Webinar Presentation: CARES Information Powerpoint

COVID-19 Financial Aid Announcement: April 17, 2020

During these challenging and unprecedented times caused by the COVID-19 pandemic, the entire NJIT community is committed to addressing the needs of our students. As the coronavirus challenges continue we recognize how it creates profound financial burdens to students affected by COVID-19. Rest assured that NJIT community is committed to our students as every decision we make puts student first. Some of the resources available was made possible by the recent law known as the Coronavirus Aid, Relief, and Economic Security (CARES) Act. Under this law, Emergency Grants are available for students with unforeseen expenses related to disruption of campus operations due to the coronavirus. Other types of relief include Federal Work-Study jobs impacted by COVID-19 where on-campus employment may not be possible, but under certain conditions, students can continue to get paid. As more guidance is provided by the U.S. Department of Education, this webpage will be updated, so please regularly check back.

To avoid any issues accessing the application, make sure to close all email accounts and only have NJIT email account open in the browser.

Application: Emergency Federal Grants Request Form 

Policy: Coronavirus Aid, Relief, and Economic Security Policy

Fund Delivery and Timeline:
The Emergency Grant Committee will begin to review applications starting Friday, April 24th to May 15th. The funds will be released every Wednesday starting April 29 until May 20th (assuming NJIT receives the funds from the Department of Education).  After May 20th, the committee will meet every other Friday and funds will be released every other Wednesday.

The Higher Education Opportunity Act of 2008 (HEOA) requires that all institutions participating in federal student aid programs make student consumer information disclosures available to enrolled and prospective students, parents, employees and the public. Please review Student Consumer Information.

We are providing you with key Resources and References to help you navigate financial aid. Kindly review the resources below which include consumer information, important financial aid dates, parent’s guide, student handbook, frequently asked questions and other important information.

We provide you with important tools to understand the cost of attending NJIT and to make college more affordable. Understanding Cost of Attendance (COA) is important because by understanding COA, you can explore options to pay for college. Financial Literacy helps students finance higher education and understand how to manage debt. Net Price Calculator provides a preliminary estimate of federal, state and institutional aid eligibility to help families gauge what aid the student may be awarded and make arrangements to cover the cost of attendance. 

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