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New Jersey Institute of Technology
Newark, NJ 8,762 Undergrads 82.3% Grad Rate
Total Cost
$32,228
Sticker Price
Avg Net Price
$16,496
After Aid
Median Earnings
$84,276
10yr Post-Entry
Vs. Peer Institutions
Net Price$16,496
Peer Midpoint: $19,729.5
Earnings (10yr)$84,276
Peer Midpoint: $53,747
Graduation Rate82.3%
Peer Midpoint: 58.5%
Socio-Economic Diversity
Pell Grant Recipients41.6%
Enrollment Status
Full-Time89.6%
Economic Outcomes
Earn More than HS83.4%
Admissions Profile
Acceptance
66.9%
SAT Avg
1,336
SAT Reading
25th: 59063575th: 710
SAT Math
25th: 62067075th: 760
ACT Composite
25th: 253075th: 32
ROI Sensitivity Analysis
This analysis tests three cost scenarios (Scholarship, Average Net Price, Full Sticker Price) to show how college costs impact your long-term return compared to the average student and a high school graduate.
Lifetime Value Added (NPV)
Institution Lifetime NPV
Vs Median Peer
Vs HS Grad
Zero Cost (Scholarship)$0
+$698k
+$301k
+$214k
Median Cost$16k/yr
+$639k
+$242k
+$154k
Full Cost$32k/yr
+$582k
+$186k
+$98k
ROI Efficiency Metrics
Break-Even Age
Return on Inv. %
Zero Cost (Scholarship)$0
28
∞
Median Cost$16k/yr
32
260%
Full Cost$32k/yr
39
84%
Analysis Assumptions:
- Starting Salary: Estimated from the 10-year median earnings (assuming 2% annual growth from graduation).
- Comparisons: "Vs Median Peer" compares to the median student nationwide in a similar level program. "Vs HS Grad" compares to a median high school graduate.
- Break-Even: The age at which the college investment net income exceeds the median high school graduate's lifetime earnings.
- NPV: Net Present Value of all future earnings minus costs and taxes, discounted at 7.8%.
Social Impact ROINew
Measures the societal return on a donor's investment. Calculated as the incremental pre-tax lifetime earnings vs. HS grad, divided by the tax-adjusted donation cost.
Donor Return253%
Gov. Pell Grant ROINew
Measures the government's return on Pell Grants via increased tax revenue. Calculated as the portion of incremental lifetime taxes (discounted at 5.4%) attributed to the Pell Grant investment.
Taxpayer Return18%
Important Note: Your ROI with any major will depend on the cost you pay to attend the program, and your starting salary. Both vary significantly across institutions. We encourage you to explore the ROI of a specific program variant by selecting the Program title of the credential level you are interested in. You will then have a more detailed return analysis for programs at specific institutions. We also encourage you to use the ROI calculator with your specific estimates of cost and salary.
Program ROI Analysis
Bachelor's Degrees
Architecture and Related Services, Other
BachCIP: 0499
Median Debt
-
Earnings (5yr)
$59,927
Lifetime Value Added
-$18k
Architecture
BachCIP: 0402
Median Debt
-
Earnings (5yr)
$69,235
Lifetime Value Added
+$54k
Biology, General
BachCIP: 2601
Median Debt
$18,875
Earnings (5yr)
$77,048
Lifetime Value Added
+$112k
Biomedical/Medical Engineering
BachCIP: 1405
Median Debt
$21,500
Earnings (5yr)
$94,193
Lifetime Value Added
+$241k
Business Administration, Management and Operations
BachCIP: 5202
Median Debt
$24,625
Earnings (5yr)
$79,260
Lifetime Value Added
+$129k
Chemical Engineering
BachCIP: 1407
Median Debt
$21,701
Earnings (5yr)
$91,383
Lifetime Value Added
+$220k
Civil Engineering
BachCIP: 1408
Median Debt
$20,000
Earnings (5yr)
$85,574
Lifetime Value Added
+$176k
Computer and Information Sciences, General
BachCIP: 1101
Median Debt
$19,500
Earnings (5yr)
$103,126
Lifetime Value Added
+$308k
Computer Engineering
BachCIP: 1409
Median Debt
$19,959
Earnings (5yr)
$106,873
Lifetime Value Added
+$336k
Design and Applied Arts
BachCIP: 5004
Median Debt
$25,500
Earnings (2yr)
$32,382
Lifetime Value Added
-$230k
Electrical, Electronics and Communications Engineering
BachCIP: 1410
Median Debt
$22,500
Earnings (5yr)
$101,893
Lifetime Value Added
+$298k
Engineering Technology, General
BachCIP: 1500
Median Debt
$22,500
Earnings (5yr)
$88,346
Lifetime Value Added
+$197k
Graphic Communications
BachCIP: 1003
Median Debt
$25,875
Earnings (5yr)
$51,686
Lifetime Value Added
-$85k
Industrial Engineering
BachCIP: 1435
Median Debt
$25,000
Earnings (5yr)
$91,936
Lifetime Value Added
+$224k
Information Science/Studies
BachCIP: 1104
Median Debt
$19,500
Earnings (5yr)
$98,843
Lifetime Value Added
+$276k
Mathematics
BachCIP: 2701
Median Debt
$24,500
Earnings (5yr)
$91,649
Lifetime Value Added
+$222k
Mechanical Engineering
BachCIP: 1419
Median Debt
$20,000
Earnings (5yr)
$87,372
Lifetime Value Added
+$190k
Master's Degrees
Architecture
MastCIP: 0402
Median Debt
-
Earnings (5yr)
$78,886
Lifetime Value Added
+$228k
Biomedical/Medical Engineering
MastCIP: 1405
Median Debt
$29,992
Earnings (5yr)
$103,062
Lifetime Value Added
+$435k
Business Administration, Management and Operations
MastCIP: 5202
Median Debt
$49,426
Earnings (5yr)
$123,540
Lifetime Value Added
+$610k
Chemical Engineering
MastCIP: 1407
Median Debt
-
Earnings (2yr)
$73,949
Lifetime Value Added
+$224k
Civil Engineering
MastCIP: 1408
Median Debt
$30,043
Earnings (5yr)
$95,410
Lifetime Value Added
+$370k
Computer and Information Sciences, General
MastCIP: 1101
Median Debt
$30,750
Earnings (5yr)
$115,802
Lifetime Value Added
+$544k
Electrical, Electronics and Communications Engineering
MastCIP: 1410
Median Debt
$30,750
Earnings (5yr)
$121,989
Lifetime Value Added
+$597k
Engineering-Related Fields
MastCIP: 1515
Median Debt
$26,760
Earnings (5yr)
$107,013
Lifetime Value Added
+$469k
Information Science/Studies
MastCIP: 1104
Median Debt
$30,508
Earnings (5yr)
$123,609
Lifetime Value Added
+$611k
Mechanical Engineering
MastCIP: 1419
Median Debt
$20,500
Earnings (2yr)
$74,953
Lifetime Value Added
+$233k
Note: Lifetime Value Added is the Net Present Value (NPV) of estimated career earnings relative to a median high school graduate, accounting for this institution's average cost and taxes. Computed over a career to retirement age.
For graduate programs (Master's, Doctoral, etc.), the calculation assumes a starting age of 22 (after undergraduate completion) and does not include the sunk costs of prior degrees. It represents the value added of the graduate degree decision moving forward. These Lifetime Value Added results should not be compared with those Undergraduate Certificates, Associates or Bachelors starting at age 18.