New Jersey Institute of Technology ROI Analysis
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
above 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. Five years after graduation, earnings increase to $69,591, and ten years after graduation, earnings reach $84,276. The median debt for students is $21,000, and 32.9% of students receive financial aid.
The debt-to-income ratio, calculated by dividing the median debt by the one-year post-graduation earnings, is approximately 0.31. This indicates that the median debt is about 31% of the typical graduate's first-year earnings.
Based on the provided data, the break-even point, or the time it takes for the additional earnings from a degree to offset the cost of tuition, is less than one year. This is calculated by dividing the tuition cost by the one-year earnings.
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
N/A
Program-Level ROI
| Program | Median Earnings (5yr) | Est. 20yr ROI |
|---|---|---|
| Computer and Information Sciences, General | $100,794 | 1629% |
| Civil Engineering | $88,839 | 1315% |
| Mechanical Engineering | $77,327 | 1013% |
| Information Science/Studies | $111,004 | 1898% |
| Engineering Technology, General | $77,045 | 1005% |
| Electrical, Electronics and Communications Engineering | $110,780 | 1892% |
| Business Administration, Management and Operations | $101,331 | 1644% |
| Biomedical/Medical Engineering | $86,431 | 1252% |
| Chemical Engineering | $78,403 | 1041% |
| Biology, General | $60,408 | 568% |
| Computer Engineering | $94,869 | 1474% |
| Industrial Engineering | $85,257 | 1221% |
Peer Comparison
809%
20yr ROI
843%
20yr ROI
1101%
20yr ROI
0%
20yr ROI
Financial Aid Impact
Before Aid
After Aid (Estimated)
Frequently Asked Questions
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.