Financial Aid at NJIT

Average Amount Received	% Received Financial Aid
$16,147	71%

6,360 students (71% of total 9,019 undergraduate students) have awarded federal, state, local, institutional or other sources of grant aid at New Jersey Institute of Technology.

The average amount of the aid awarded is $16,147. For the first-time, full-time beginning students (freshmen), 94% of total 1,465 enrolled students have received any kind of financial aid and its average amount of aid received is $17,447.

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All Undergraduate Financial Aid

At New Jersey Institute of Technology, 6,360 undergraduate students (71% of total 9,019 students) have received financial aid including grants, scholarships, and/or federal student loans.The average amount of aid received is $16,147.

Financial Aid Statistics (All Undergraduate Students)
Type of Aid	Number Receiving Aid	Percent Receiving Aid	Total Amount of Aid Received	Average Amount of Aid Received
Grant or Scholarship	6,360	71%	$102,696,958	$16,147
Pell Grants	3,515	39%	$19,195,551	$5,461
Federal Student Loan	2,963	33%	$19,714,669	$6,654

Beginning Undergraduate Students (Freshmen) Financial Aid

1,381 beginning undergraduate students (94% of total 1,465 enrolled freshmen) have received financial aid including grants, scholarships, and/or federal student loans at New Jersey Institute of Technology. The average amount of aid received is $17,447.

Financial Aid Statistics (First-time Full-time Beginning Undergraduate Students)
Type of Aid	Number Receiving Aid	Percent Receiving Aid	Total Amount of Aid Received	Average Amount of Aid Received
Any Financial Aid	1,381	94%	-	-
Grants or Scholarships	1,312	90%	$22,889,917	$17,447
Federal Grants	688	47%	$4,192,970	$6,094
Pell Grants	654	45%	$3,779,456	$5,779
Other Federal Grants	415	28%	$413,514	$996
State/Local Grants	606	41%	$6,077,730	$10,029
Institutional Grants	1,101	75%	$12,619,217	$11,462
Student Loan Aid	468	32%	$3,704,575	$7,916
Federal Student Loans	457	31%	$2,383,452	$5,215
Other Student Loans	76	5%	$1,321,123	$17,383

Grants and Scholarship Aid By Income Level (Paying In-State Tuition)

The next table shows the number of students awarded and the average grants/scholarship aid amount by income level for the academic year 2022-2023 at New Jersey Institute of Technology.

The sources of grants and scholarship aid are the federal government, state/local government, or the institution. For the statistics, only students who paid the in-state or in-district tuition rate are considered.

Grants of Scholarship Aid Statistics By Income Level
Income Level	Number of Students	Number of Students Awarded	Total Amount Aid Awarded	Average Amount Aid Awarded
All level	874	808	$13,749,875	$15,732
0-30,000	264	260	$5,463,149	$20,694
30,001-48,000	205	205	$4,038,860	$19,702
48,001-75,000	168	160	$2,673,036	$15,911
75,001-110,000	87	78	$892,730	$10,261
110,001 or more	150	105	$682,100	$4,547

Financial Aid at NJIT

All Undergraduate Financial Aid

Beginning Undergraduate Students (Freshmen) Financial Aid

Grants and Scholarship Aid By Income Level (Paying In-State Tuition)

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