NEWARK— The NJIT Board of Trustees approved a 4.5 percent tuition and fee increase for in-state undergraduate students for the 2011-2012 academic year.
Full-time, in-state, undergraduate tuition and fees will total $6,987 per semester beginning in fall 2011. Tuition and fees for out-of-state, full-time undergraduate students will be $12,667. In-state, full-time graduate student tuition and fees will total $9,074 per semester, and out-of-state, full-time graduate student tuition and fees will be $12,430.
Revenues generated from tuition and fees along with level state funding from 2010-11 will support enhancement efforts including faculty recruitment, facility upgrades, information technology and laboratory upgrades, and upgrades in the university’s performing arts theatre.
NJIT, the state’s science and technology university, was named this year by Bloomberg Businessweek as the best public college in New Jersey for return on investment. The survey examined graduation rates, total cost to graduation, and ROI as a measure of earnings of graduates against the cost of a degree.
“NJIT is clearly providing an extraordinarily rigorous education at an affordable cost for the scientific and technological professions,” said NJIT President Robert A. Altenkirch, PhD. “We have a strong commitment to providing generous undergraduate financial aid packages that we will continue to sustain. More than 81 percent of incoming students who have need receive aid. In that group, we meet 80 percent of those students’ needs. The average undergraduate aid package exceeds $18,000.”
Founded in 1881 as Newark Technical School and renamed NJIT in 1975, NJIT is New Jersey’s public, technological research university. The 45-acre campus with 26 buildings is located in Newark. The university offers 46 bachelor’s degree programs, 58 master’s degree programs and 19 doctoral programs.