Student Loans for New Jersey Institute of Technology Students

About NJIT

An esteemed public research university, NJIT is located in New Jersey and offers programs in science and technology. The university was founded in 1881 and since then it has been offering quality programs with its problem-solving and application oriented approach. It has 5 colleges and one school where about 9,558 pursue their educational goals. You can choose from 134 degree programs here and benefit from university’s excellent research facilities that set it apart from other institutes in the country.

NJIT Financial Aid

NJIT financial aid program entails a wide variety of packages that are designed keeping in view your diverse needs. The university strives to provide you with every opportunity to pursue your educational goals and makes sure that funds are available to you so that no financial barriers can stop you from attaining your educational or professional objectives. To apply for NJIT financial aid you need to file the FAFSA which can be accessed online at fafsa.ed.gov. You can easily fill it out on your own and submit it conveniently since it is online but do it before the deadline. However, be careful as the information that you provide helps to determine the financial aid package that the university may offer you.

NJIT Aid Packages

As over 70 percent of incoming undergrads receive financial aid, your prospects are always high. Scholarships and grants make great NJIT financial aid packages. This is for the reason that you never have to repay them. Other than scholarships and grants, student loans are also offered by the university. These include Federal Direct, Federal PLUS, Graduate PLUS, and Federal Perkins loans. These loans have very low rate of interest that makes them a great choice. You can also avail work study New Jersey Institute of Technology financial aid package.

Private Student Loans and NJIT

If NJIT financial aid packages do not help you have complete cost of your attendance, there is no need to worry; private student loans can help you have funds for the expenses that are not covered by New Jersey Institute of Technology financial aid. You can use our Student Loan Comparison Tool to explore your options in this type of aid. This tool helps compare different private student loans; the comparison ensures that you find the best option for your specific requirement.

 

Frequently Asked Questions

Q:What need-based grants are available at NJIT?

A:The NJIT financial aid office offers a number of need-based grants to help students with the cost of their college education. The federal awards available are the Pell Grant and Supplemental Educational Opportunity Grant, and can be accessed by filling out the FAFSA. In addition, students may apply for the Educational Opportunity Fund and the Tuition Aid Grant.

Q:How can I apply for financial aid at the New Jersey Institute of Technology?

A:New Jersey Institute of Technology financial aid includes federal loans, private loans, scholarships, grants, and employment programs. Most of the aid programs are need-based and are easy to apply for. The initial step to apply for aid involves filling out a FAFSA application, available at fafsa.ed.gov.

 

Pay for New Jersey Institute of Technology*

Total Avg. Cost $38,344
Tuition $23,922
Room & Board $10,122
Financial Aid Information
Students Receiving Fin Aid 87%
Typical Grant Amounts
State/Local $7,354
Federal $4,906
%Receiving Loans 51%
Avg. Other Stud. Loans $7,198
%Receiving Other Loans 10%

Get into New Jersey Institute of Technology

Admission Rate 67%
Total Enrollment 8,934
Men 75%
Women 25%
Graduation Rate 55%
Application Fee $70

Contact New Jersey Institute of Technology

Address
University Heights
Newark, NJ 07102(973) 596-3000
Financial Aid Office URL
http://www.njit.edu/financialaid/
Admissions Office URL
http://www.njit.edu/admissions/index.php

*Data source is the Integrated Postsecondary Education Data System (IPEDS) the data collection program for the National Center for Education Statistics

 

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