Over the past 10 years (2013-2022), the average number of students who received grants aid/scholarships is 5,218, which is 62.44 % of all undergraduate students. 3,391 students which is 40.89% of undergraduate students received federal student loans and the average loan amount is $6,996.

For full-time, first-time beginning students (freshmen), 81.56% of students received grants or scholarships and 44% of students received student loans.

All Undergraduate Students Financial Aid Over Time

The following table shows the trends of financial aid for all undergraduate students at New Jersey Institute of Technology since 2013.

For that period, the average number of students who received grants aid/scholarships is 5,218, which is 62.44 % of all undergraduate students. 3,391 students which is 40.89% of undergraduate students received federal student loans and the average loan amount is $6,996.

YearGrant or Scholarship*Pell GrantsFederal Student Loans
Number Received (percent**)Average AmountNumber Received (percent**)Average AmountNumber Received (percent**)Average Amount
2013-144,228 (58%)$11,7672,736 (38%)$4,2893,413 (47%)$7,921
2014-154,504 (60%)$11,8962,868 (38%)$4,3133,561 (47%)$7,103
2015-164,533 (57%)$12,4872,872 (36%)$4,3523,581 (45%)$6,970
2016-174,827 (59%)$12,4042,870 (35%)$4,3733,537 (43%)$6,962
2017-185,072 (60%)$13,0513,018 (36%)$4,7302,728 (32%)$6,919
2018-195,361 (63%)$13,3003,154 (37%)$4,8563,678 (43%)$6,843
2019-206,061 (69%)$13,1423,249 (37%)$4,9823,539 (40%)$6,784
2020-216,064 (67%)$13,8363,345 (37%)$5,1373,328 (37%)$6,776
2021-226,315 (69%)$14,3093,456 (38%)$5,0733,151 (34%)$6,686
Average5,218 (62.44%)$12,9103,063 (36.89%)$4,6783,391 (40.89%)$6,996
*Grant or scholarship aid includes aid received, from the federal government, state or local government, the institution, and other sources known by the institution.
**percentage of number of students receiving aids among all undergraduate students.

Freshmen (First-time, Full-time Undergraduate) Financial Aid Over Time

For the last 10 years, on average, 908 (81.56 % of students) received grants or scholarships and its average amount is $14,918. It can cover 41.52% of tuition & fees ($35,934) based on out-of-state rate.

In addition, 488 (44.44 % of students) students get helped from the students loans (average amount : $7,883).

Year Grants or Scholarships*Student Loans
Number Received (percent**)Average AmountNumber Received (percent**)Average Amount
2013-14730 (76%)$13,290498 (52%)$7,978
2014-15776 (81%)$14,069478 (50%)$7,383
2015-16741 (74%)$15,845492 (49%)$8,598
2016-17821 (78%)$13,782493 (47%)$7,994
2017-18898 (83%)$14,602478 (44%)$8,273
2018-191,012 (82%)$15,399569 (46%)$7,597
2019-201,137 (86%)$15,925513 (39%)$8,067
2020-21963 (85%)$15,393411 (36%)$7,578
2021-221,094 (89%)$15,959461 (37%)$7,478
Average908 (81.56%)$14,918488 (44.44%)$7,883
*Grant or scholarship aid includes aid received, from the federal government, state or local government, the institution, and other sources known by the institution.
**percentage of number of students receiving aids among all undergraduate students.

The following table shows the trends of grants or scholarships over time. For the last 10 years, on average, 383 (34.44 % of students) received Pell (federal) grants and its average amount is $4,938.

In addition, 360 students received State/local government grants/scholarships (32.33 % of students).

Year Federal (Pell) GrantsOther Federal State/Local governmentInstitutional
Number Received (percent)Average AmountNumber Received (percent)Average Amount Number Received (percent)Average AmountNumber Received (percent)Average Amount
2013-14353 (37%)$4,687138 (14%)$493328 (34%)$8,480443 (46%)$11,733
2014-15316 (33%)$4,485107 (11%)$426290 (30%)$8,488595 (62%)$11,754
2015-16336 (34%)$4,586127 (13%)$476298 (30%)$8,758556 (56%)$13,543
2016-17320 (30%)$4,583120 (11%)$465288 (27%)$8,716654 (62%)$11,135
2017-18373 (34%)$5,071192 (18%)$477352 (33%)$9,102723 (67%)$10,962
2018-19438 (35%)$5,017230 (19%)$502429 (35%)$8,873802 (65%)$11,800
2019-20459 (35%)$5,202430 (33%)$1,467434 (33%)$9,152913 (69%)$12,176
2020-21384 (34%)$5,262302 (27%)$1,169385 (34%)$9,083753 (67%)$11,889
2021-22471 (38%)$5,550408 (33%)$2,252433 (35%)$9,317882 (71%)$11,215
Average383 (34.44%)$4,938228 (19.89%)$859360 (32.33%)$8,885702 (62.78%)$11,801
*Grant or scholarship aid includes aid received, from the federal government, state or local government, the institution, and other sources known by the institution.
**percentage of number of students receiving aids among all undergraduate students.

The following table describes number of students and average amount of loans by loan type. The following table shows the trends of grants or scholarships over time.

For the last 10 years, on average, 488 (44.44 % of students) get any students loan help and its average loan amount is $488.

YearTotalFederal student loansOther student loans
Number Received (percent)Average AmountNumber Received (percent)Average AmountNumber Received (percent)Average Amount
2013-14498 (52%)$7,978484 (51%)$5,31794 (10%)$14,893
2014-15478 (50%)$7,383467 (49%)$5,40576 (8%)$13,218
2015-16492 (49%)$8,598476 (48%)$5,191106 (11%)$16,594
2016-17493 (47%)$7,994477 (45%)$5,14595 (9%)$15,651
2017-18478 (44%)$8,273465 (43%)$5,148100 (9%)$15,606
2018-19569 (46%)$7,597562 (46%)$5,15995 (8%)$14,982
2019-20513 (39%)$8,067502 (38%)$5,12493 (7%)$16,840
2020-21411 (36%)$7,578399 (35%)$5,02168 (6%)$16,339
2021-22461 (37%)$7,478454 (37%)$5,09863 (5%)$17,976
Average488 (44.44%)$7,883476 (43.56%)$5,17988 (8.11%)$15,789

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