New Jersey Institute of Technology
Comprehensive ROI analysis based on tuition costs, graduate earnings, financial aid, and long-term earning potential.
ROI Summary
Total 4-Year Cost
$76,088
In-state tuition x 4
Earnings Premium
$34,591/yr
vs high school diploma avg
Break-Even Point
2.2 years
After graduation
20-Year ROI
809%
Return on investment
ROI Analysis
New Jersey Institute of Technology's in-state tuition costs $19,022 per year. One year after graduation, alumni earn a median of $67,467, increasing to $69,591 after five years and $84,276 after ten years. The median debt for graduates is $21,000, and 32.9% of students receive financial aid.
Given the median debt of $21,000 and the one-year earnings of $67,467, the debt-to-income ratio is approximately 0.31. This is calculated by dividing the debt by the annual income.
Based on the provided data, it would take less than one year for a graduate to earn enough to cover their median debt. This is determined by dividing the median debt of $21,000 by the one-year earnings of $67,467.
Generated from College Scorecard & IPEDS data
The Numbers
Annual Tuition (In-State)
$19,022
Median Debt at Graduation
$21,000
Median Earnings (5yr)
$69,591
Graduation Rate
73%
Receive Financial Aid
33%
Avg Aid Amount
$0
Program-Level ROI
| Program | 4yr Cost | Median Earnings (5yr) | Est. 20yr ROI |
|---|---|---|---|
| Computer and Information Sciences, General. | $76,088 | $86,548 | 1255% |
| Engineering Technology, General. | $76,088 | $77,045 | 1005% |
| Computer and Information Sciences, General. | $76,088 | $100,794 | 1629% |
| Mechanical Engineering. | $76,088 | $77,327 | 1013% |
| Civil Engineering. | $76,088 | $79,267 | 1064% |
| Information Science/Studies. | $76,088 | $111,004 | 1898% |
| Civil Engineering. | $76,088 | $88,839 | 1315% |
| Biology, General. | $76,088 | $60,408 | 568% |
| Electrical, Electronics and Communications Engineering. | $76,088 | $90,360 | 1355% |
| Business Administration, Management and Operations. | $76,088 | $64,652 | 679% |
| Biomedical/Medical Engineering. | $76,088 | $83,518 | 1175% |
| Electrical, Electronics and Communications Engineering. | $76,088 | $110,780 | 1892% |
Peer Comparison
809%
20yr ROI
843%
20yr ROI
1101%
20yr ROI
0%
20yr ROI
Financial Aid Impact
Before Aid
After Aid (Estimated)
Methodology
ROI calculations are based on data from the U.S. Department of Education College Scorecard. The earnings premium is calculated as the difference between median graduate earnings and the national average earnings for high school diploma holders ($35,000).
The 20-year ROI formula: ((Earnings Premium x 20) - Total Cost) / Total Cost x 100. Break-even point: Total Cost / Annual Earnings Premium. All figures use in-state tuition and do not account for inflation, opportunity cost, or financial aid variations.