Once again, New Jersey Institute of Technology (NJIT) continues to demonstrate the value of its educational offerings in science, technology, engineering and mathematics (STEM), according to a report released today from PayScale, “College ROI Report: Best Value Colleges.” NJIT ranked twice in the top 50 of the Best Value Colleges list: tied for #26 for in-state and #39 for out-of-state. It is the only New Jersey public college in the top 50 and tied at #13 nationally.
There are 962 schools included in the overall PayScale College ROI list; 442 public (both in-state and out-of-state cost structures are included), 505 private not-for-profit and 15 private for-profit schools. The PayScale College Return on Investment rankings are based on Net 20 Year ROI assuming on campus costs (without financial aid). This year PayScale added new data on how a student’s household income when entering college impacts his or her earning potential after graduation, as well as data around student loan payments and career readiness upon graduation. For more information, please visit: www.payscale.com.
One of the nation's preeminent polytechnic institutions, NJIT consistently ranks among the nation's top schools in independent university assessments, particularly those that emphasize affordability and ROI.