New Jersey Institute of
Technology
FY2006 Operating Budget
Presented in draft form
at
Campus Budget Hearing July 18, 2005
Adopted by NJIT Board of Trustees July 21, 2005
July 21, 2005
New Jersey Institute of Technology
FY 2006 Proposed Operating Budget
R e s tr ic te d
$ 5 6 ,2 0 0
U n r e s tr ic te d
$ 1 8 1 ,4 8 1
T o tal
$ 2 3 7 ,6 8 1
Sources of Funds - Summary
($000’s)
$237,681
U n r e s tr ic te d
Funds
$ 1 8 1 ,4 8 1
7 6 .4 %
July 21, 2005
R e s tr ic te d
Pro g ra m s
$ 5 6 ,2 0 0
2 3 .6 %
New Jersey Institute of Technology
FY 2006 Proposed Operating Budget
R e s tr ic te d
$ 1 8 1 ,4 8 1
T o ta l
$ 2 3 7 ,6 8 1
Sources of All Funds – Major Components
($000’s)
$237,681
A llo c a t e d
B a la n c e s
$ 3 ,8 5 0
1 .6 %
In v e s t m e n t
In t e r e s t
$350
0 .1 %
A u x ilia r ie s
$ 1 1 ,0 1 2
4 .6 %
R e s t r ic t e d
Program s
$ 5 6 ,2 0 0
2 3 .7 %
S tate
A p p r o p r ia t io n s
$ 7 3 ,6 1 2
3 1 .0 %
July 21, 2005
T u it io n , F e e s ,
A s s e s s m e n ts &
O th e r
$ 8 2 ,5 2 6
3 4 .7 %
F o u n d a t io n
Program s
$ 1 0 ,1 3 1
4 .3 %
$ 5 6 ,2 0 0
U n r e s tr ic te d
New Jersey Institute of Technology
FY 2006 Proposed Operating Budget
R e s t r ic t e d
$ 5 6 ,2 0 0
U n r e s t r ic t e d
$ 1 8 1 ,4 8 1
T o tal
$ 2 3 7 ,6 8 1
Unrestricted Budget – Sources of Funds
($000’s)
T u it io n , F e e s ,
A s s e s s m e n ts & O th e r
$ 8 2 ,5 2 6
4 5 .5 %
$181,481
In v e s t m e n t In t e r e s t
$350
0 .2 %
A llo c a t e d B a la n c e s
$ 3 ,8 5 0
2 .1 %
S ta te A p p r o p r ia t io n s
$ 7 3 ,6 1 2
4 0 .5 %
A u x ilia r ie s
$ 1 1 ,0 1 2
6 .1 %
July 21, 2005
F o u n d a t io n P r o g r a m s
$ 1 0 ,1 3 1
5 .6 %
New Jersey Institute of Technology
FY 2006 Proposed Operating Budget
R e s t r ic t e d
$ 1 8 1 ,4 8 1
T o tal
$ 2 3 7 ,6 8 1
Unrestricted Budget – Sources of State Funds
($000’s)
$73,612
S a la ry P ro g ra m
$800
1 .1 %
S ta te A p p r o p r i a ti o n
$ 5 0 ,1 1 2
6 8 .1 %
July 21, 2005
$ 5 6 ,2 0 0
U n r e s t r ic t e d
S ta te S u p p o r te d
F rin g e s
$ 2 2 ,7 0 0
3 0 .8 %
New Jersey Institute of Technology
FY 2006 Proposed Operating Budget
R e s tr ic t e d
$ 1 8 1 ,4 8 1
T o tal
$ 2 3 7 ,6 8 1
Sources of Tuition, Fees and Assessments, and
Other Income
($000’s)
$82,526
O th e r F e e s ,
A s s e s s m e n ts
$ 1 ,2 5 9
1 .5 %
July 21, 2005
U n d e r g r a d u a te
T u itio n
$ 3 8 ,8 1 5
4 7 .0 %
O t h e r T u it io n
$ 3 ,8 9 2
4 .7 %
S u m m e r & W in t e r
S e s s io n s T u itio n
$ 5 ,1 8 0
6 .3 %
R e g u la r F e e s
$ 9 ,2 8 0
1 1 .3 %
G r a d u a te T u itio n
$ 2 4 ,1 0 0
2 9 .2 %
$ 5 6 ,2 0 0
U n r e s t r ic te d
New Jersey Institute of Technology
FY 2006 Proposed Operating Budget
R e s t r ic t e d
$ 1 8 1 ,4 8 1
T o ta l
$ 2 3 7 ,6 8 1
Sources of Auxiliary Revenue
($000’s)
$11,012
T h ir d P a r t y
C o m is s io n s
$810
7 .3 %
R e s id e n c e H a lls
$ 9 ,1 0 2
8 2 .7 %
P a r k in g
$ 1 ,1 0 0
1 0 .0 %
July 21, 2005
$ 5 6 ,2 0 0
U n r e s t r ic t e d
New Jersey Institute of Technology
R e s t r ic t e d
FY 2006 Proposed Operating Budget
$ 1 8 1 ,4 8 1
T o ta l
$ 2 3 7 ,6 8 1
Sources of Unrestricted Foundation Programs
($000’s)
$10,130
O th e r S o u rc e s
$478
4 .7 %
In d ir e c t C o s t
R e c o ve rie s
$ 6 ,2 2 4
6 1 .5 %
July 21, 2005
$ 5 6 ,2 0 0
U n r e s t r ic t e d
U n r e s t r ic t e d G ivin g
$550
5 .4 %
E n t e r p r is e
D e ve lo p m e n t
C e n te r
$ 1 ,1 4 5
1 1 .3 %
R e s e a rc h
B u s in e s s C e n t e rs
$ 1 ,7 3 3
1 7 .1 %
New Jersey Institute of Technology
FY 2006 Proposed Operating Budget
R e s t r ic t e d
$ 1 8 1 ,4 8 1
T o ta l
$ 2 3 7 ,6 8 1
Restricted Budget – Sources of Funds
($000’s)
$56,200
Endowm ent &
In v e s t m e n t s
$ 1 ,0 0 0
1 .8 %
F e d e r a l G r a n ts &
C o n tr a c ts
$ 3 1 ,2 0 0
5 5 .5 %
July 21, 2005
R e s t r ic t e d G if t s
$ 3 ,5 0 0
6 .2 %
$ 5 6 ,2 0 0
U n r e s t r ic t e d
In d u s t r y / O t h e r
C o n tr a c ts
$ 4 ,1 0 0
7 .3 %
S ta te G r a n ts &
C o n tr a c ts
$ 1 6 ,4 0 0
2 9 .2 %
New Jersey Institute of Technology
FY 2006 Proposed Operating Budget
R e s t r ic t e d
$ 1 8 1 ,4 8 1
T o ta l
$ 2 3 7 ,6 8 1
Total - Sources of All Funds - Detail
($000’s)
$237,681
R estr i cted P r ogr ams
$ 56,200
R egul ar T ui ti on
23.7%
A l l oc ated B al anc es
$ 68,095
$ 3,850
28.7%
1.6%
R egul ar Fees
$ 9,280
3.9%
U nr estr icted Giving
$ 550
Other T ui ti on
0.2%
$ 3,892
1.6%
Indir ect C ost R ecover ies
$ 6,224
2.6%
O t her Fees & A s s es s ment s
$ 1,259
Foundat i on C ent er s / O t her U nr es t r i c t ed
A uxiliar ies
$ 3,357
$ 11,012
1.4%
4.6%
Inv es tment Inter es t
$ 350
0.1%
July 21, 2005
0.5%
St a t e A p p r o p r i a t i o n
St a t e Su p p o r t e d F r i n g e s
$ 22,700
9.6%
Sa l a r y P r o g r a m
$ 50,112
$ 800
21.1%
0.3%
$ 5 6 ,2 0 0
U n r e s t r ic t e d
New Jersey Institute of Technology
FY 2006 Proposed Operating Budget
R e s t r ic t e d
$ 1 8 1 ,4 8 1
T o ta l
$ 2 3 7 ,6 8 1
Uses of Funds - Total
($000’s)
$237,681
R e s t r ic t e d
Pro g ra m s
$ 5 6 ,2 0 0
2 3 .6 %
Current
O p e r a t io n s
$ 1 8 1 ,4 8 1
7 6 .4 %
July 21, 2005
$ 5 6 ,2 0 0
U n r e s t r ic t e d
New Jersey Institute of Technology
FY 2006 Proposed Operating Budget
R e s t r ic t e d
$ 1 8 1 ,4 8 1
T o tal
$ 2 3 7 ,6 8 1
Uses of All Funds - Summary
($000’s)
N o n - P e rs o n n e l
O p e r a t in g
$ 6 0 ,4 4 5
2 5 .4 %
$237,681
B u d g e t R e s e r ve s
& R e - In ve s t m e n t
P ro g r a m
$ 4 ,4 6 5
1 .9 %
S a la r y & B e n e fit s
$ 1 1 6 ,5 7 1
4 9 .1 %
R e s t r ic t e d
P ro g ra m s
$ 5 6 ,2 0 0
2 3 .6 %
July 21, 2005
$ 5 6 ,2 0 0
U n r e s t r ic t e d
New Jersey Institute of Technology
FY 2006 Proposed Operating Budget
R e s t r ic t e d
$ 5 6 ,2 0 0
U n r e s t r ic t e d
$ 1 8 1 ,4 8 1
T o ta l
$ 2 3 7 ,6 8 1
Salary & Benefit Distribution
($000’s)
$116,571
S upport A rea S a la r ie s
$ 1 8 ,0 0 0
1 5 .5 %
A c a d e m ic A r e a F r in g e s
$ 2 0 ,4 7 1
1 7 .6 %
Total Academic
Area
$93,071
79.8%
July 21, 2005
A c a d e m ic A r e a S a la r ie s
$ 7 2 ,6 0 0
6 2 .2 %
Total Support
Area
$23,500
20.2%
S upport A rea F r in g e s
$ 5 ,5 0 0
4 .7 %
New Jersey Institute of Technology
FY 2006 Proposed Operating Budget
R e s t r ic t e d
$ 1 8 1 ,4 8 1
T o tal
$ 2 3 7 ,6 8 1
Non-Personnel Expenses
($000’s)
S t u d e n t A id
$ 1 2 ,7 8 9
2 1 .2 %
$60,445
L ib r a r y
$ 1 ,1 4 4
1 .9 %
N o n -M a n d a to ry
T ra n s fe rs
$ 1 ,8 7 0
3 .1 %
G e n e r a l O p e r a t in g
E xpenses
$ 2 3 ,0 8 6
3 8 .1 %
U t ilit ie s
$ 6 ,0 3 6
1 0 .0 %
E q u ip m e n t
$ 2 ,5 8 5
4 .3 %
July 21, 2005
P r io r Y e a r
C o m m it m e n t s
$ 3 ,2 0 0
5 .3 %
$ 5 6 ,2 0 0
U n r e s t r ic t e d
M a n d a t o ry D e b t
S e r vic e
$ 9 ,7 3 5
1 6 .1 %
New Jersey Institute of Technology
FY 2006 Proposed Operating Budget
R e s t r ic t e d
$ 1 8 1 ,4 8 1
T o tal
$ 2 3 7 ,6 8 1
University Reserves & Re-Investment Fund
($000’s)
$4,465
U n iv e r s it y W id e
$ 1 ,7 8 0
3 9 .9 %
R e - In v e s t m e n t
Pro g ra m
$ 2 ,6 8 5
6 0 .1 %
July 21, 2005
$ 5 6 ,2 0 0
U n r e s t r ic t e d
New Jersey Institute of Technology
FY 2006 Proposed Operating Budget
R e s t r ic t e d
$ 1 8 1 ,4 8 1
T o tal
$ 2 3 7 ,6 8 1
Cumulative Allocation of Re-Investment Fund
($000’s)
$4,494
B e c o m e N a tio n a lly
R e c o g n iz e d f o r
A ttr a c tin g H ig h
A c h ie v in g S tu d e n ts
$533
1 1 .9 %
R e v e n u e f r o m P r iv a te
S ourc es
$505
1 1 .2 %
D e v e lo p C o r e o f
N a tio n a lly R e c o g n iz e d
Pro g ra m s
$ 1 ,1 2 7
2 5 .1 %
July 21, 2005
$ 5 6 ,2 0 0
U n r e s t r ic t e d
Im p r o v e N a tio n a l
R a n k in g in R e s e a r c h &
D e v e lo p m e n t
$146
3 .2 %
Q u a lity o f L if e
$ 2 ,1 8 3
4 8 .6 %
New Jersey Institute of Technology
FY 2006 Proposed Operating Budget
Restricted Programs – Uses of Funds
($000’s)
$56,200
S tu d e n t A i d
$ 1 7 ,4 7 8
3 1 .1 %
R e se a rch
$ 3 8 ,7 2 2
6 8 .9 %
July 21, 2005
R e s tr ic te d
$ 5 6 ,2 0 0
U n r e s tr ic te d
$ 1 8 1 ,4 8 1
T o tal
$ 2 3 7 ,6 8 1
FY 2006 Operating Budget Highlights
„ Overall, the proposed balanced operating budget
totals $237.7 million.
„
„
„
„
July 21, 2005
This budget reflects an increase of 6.0 percent
($13.4 million) over FY05 projected year-end results.
This budget reflects a 2 year increase of 11.7
percent ($24.9 million) over FY04 year-end results.
This budget includes $2.7 million to invest in NJIT
priorities (in addition to $2.5 million committed in
FY05).
Limits tuition and fee increase to 7 percent.
Sources of Funds
„ Revenue assumptions include:
„
„
FY06 Base State appropriation level with the FY05 adjusted appropriation.
$5.6 million revenue increase in tuition, fees and assessments, includes:
-
„
„
„
„
„
„
„
July 21, 2005
Level academic year undergraduate and graduate enrollment.
$4.1 million increase from tuition rate increase.
$0.8 million from various fee rate increases.
$0.4 million increase in EMBA and CPE programs.
$0.3 million increase in summer session revenue.
$3.4 million additional increase (17.6%) in State appropriation for
employee fringe benefits.
$2.5 million increase (4.7%) in restricted programs.
$0.9 million net increase in Unrestricted Foundation income.
$0.8 million in additional State support for Salary Program (approximately
20% of need).
$0.2 million increase in Auxiliary Service income (Residence Halls,
Parking, Food Service).
$0.2 million reduction in special purpose funding (Smart Shunt and PreCollege).
Other sources are generally budgeted at FY05 levels.
Uses of Funds
„ Major expense changes include:
„
„
„
„
„
„
„
„
„
„
„
„
$4.0 million increase for salary and equity programs.
$3.6 million increase for employee benefits.
$2.7 million increase to the re-investment program.
$2.5 million increase in restricted programs.
$1.8 million in budgeted reserves.
$1.5 million increase in undergraduate and graduate awards.
$1.1 million budgeted vacancy pool.
$0.9 million increase for utility usage and inflation.
$0.2 million increase for equipment.
$0.15 carry-forward for Smart Shunt Research.
$0.5 million decrease in student PC and IST support.
$1.8 million reduction to non-personnel budgets.
July 21, 2005
New Jersey Institute of Technology
FY 2006 Proposed Operating Budget
Line Item Summary
July 21, 2005
R e s tr ic te d
$ 5 6 ,2 0 0
U n r e s tr ic te d
$ 1 8 1 ,4 8 1
T o tal
$ 2 3 7 ,6 8 1
New Jersey Institute of Technology
FY 2006 Proposed Operating Budget
($000’s)
R e s t r ic t e d
$ 5 6 ,2 0 0
U n r e s t r ic t e d
$ 1 8 1 ,4 8 1
T o tal
$ 2 3 7 ,6 8 1
FY05
FY05
FY05
FY06
ORIGINAL
REVISED
PROJECTED
PROPOSED
FY06 BUDGET
FY04
OPERATING
OPERATING
YEAR-END
OPERATING
TO FY05 PROJECTED
YEAR-END
BUDGET
BUDGET
@ 7/5/05
BUDGET
$
%
INCOME DETAIL - UNRESTRICTED OPERATIONS
REGULAR TUITION
REGULAR FEES
OTHER TUITION
OTHER FEES & ASSESSMENTS
61,577
8,666
3,016
1,224
64,812
8,771
3,448
902
63,559
8,503
4,519
849
63,651
8,595
3,625
1,104
68,095
9,280
3,892
1,259
4,444
685
267
155
6.98%
7.97%
7.37%
14.04%
SUBTOTAL TUITION FEES AND ASSESSMENTS
74,483
77,933
77,430
76,975
82,526
5,551
7.21%
GOVERNMENT APPROPRIATIONS:
STATE APPROPRIATION
SALARY PROGRAM
STATE SUPPORTED FRINGES
48,790
0
18,270
48,840
1,400
19,400
48,890
1,420
19,400
48,890
1,422
19,304
50,112
800
22,700
1,222
(622)
3,396
2.50%
(43.74%)
17.59%
TOTAL GOVERNMENT APPROPRIATIONS
67,060
69,640
69,710
69,616
73,612
3,996
5.74%
165
225
350
595
350
(245)
(41.18%)
10,252
10,575
10,675
10,852
11,012
160
1.47%
2,054
3,867
3,867
3,266
3,850
584
17.88%
7,607
20,078
8,189
22,856
8,977
23,869
9,235
23,948
10,131
25,343
896
1,395
9.70%
5.83%
TOTAL REVENUE - CURRENT OPERATIONS
161,621
170,429
171,009
170,539
181,481
10,942
6.42%
RESTRICTED PROGRAMS (NET OF OPERATIONS)
TOTAL OPERATING INCOME BUDGET
51,129
212,750
53,700
224,129
53,700
224,709
53,700
224,239
56,200
237,681
2,500
13,442
4.66%
5.99%
OTHER SOURCES:
INVESTMENT INTEREST
AUXILIARIES
ALLOCATED BALANCES
FOUNDATION PROGRAMS
SUBTOTAL OTHER SOURCES
July 21, 2005
New Jersey Institute of Technology
FY 2006 Proposed Operating Budget
($000’s)
EXPENSE DETAIL - CURRENT OPERATIONS
PERSONNEL
ACADEMIC & PROGRAM AREA SALARIES
ACADEMIC & PROGRAM AREA FRINGE BENEFITS
TOTAL ACADEMIC AREA
SUPPORT AREA SALARIES
SUPPORT AREA FRINGE BENEFITS
TOTAL SUPPORT AREA
TOTAL PERSONNEL
R e s t r ic t e d
$ 5 6 ,2 0 0
U n r e s t r ic t e d
$ 1 8 1 ,4 8 1
T o tal
$ 2 3 7 ,6 8 1
FY05
FY05
FY05
FY06
ORIGINAL
REVISED
PROJECTED
PROPOSED
FY06 BUDGET
FY04
OPERATING
OPERATING
YEAR-END
OPERATING
TO FY05 PROJECTED
YEAR-END
BUDGET
BUDGET
@ 7/5/05
BUDGET
$
%
63,451
16,520
79,971
16,527
4,695
21,222
101,193
68,563
17,521
86,084
17,021
4,714
21,735
107,819
68,402
17,594
85,996
16,524
4,739
21,263
107,259
68,207
17,660
85,867
16,250
4,674
20,924
106,791
72,600
20,471
93,071
18,000
5,500
23,500
116,571
4,393
2,811
7,204
1,750
826
2,576
9,780
6.44%
15.92%
8.39%
10.77%
17.67%
12.31%
9.16%
1,800
5,084
21,111
872
10,599
11,129
6,688
2,054
59,337
1,091
1,091
2,366
5,532
21,850
1,295
12,402
9,731
2,428
2,555
58,159
2,471
1,980
4,451
2,476
5,286
24,237
1,204
12,032
9,698
2,347
2,555
59,835
2,471
1,444
3,915
2,337
5,147
23,910
1,275
11,335
9,717
5,932
1,954
61,607
2,141
2,141
2,585
6,036
23,086
1,144
12,789
9,735
1,870
3,200
60,445
2,466
219
1,780
4,465
248
889
(824)
(131)
1,454
18
(4,062)
1,246
(1,162)
325
219
1,780
2,324
10.61%
17.27%
(3.45%)
(10.27%)
12.83%
0.19%
(68.48%)
63.77%
(1.89%)
15.18%
0.00%
0.00%
108.55%
TOTAL EXPENSES - CURRENT OPERATIONS
161,621
170,429
171,009
170,539
181,481
10,942
6.42%
RESTRICTED PROGRAMS (NET OF OPERATIONS)
TOTAL OPERATING EXPENSES
51,129
212,750
53,700
224,129
53,700
224,709
53,700
224,239
56,200
237,681
2,500
13,442
4.66%
5.99%
NON - PERSONNEL
EQUIPMENT
UTILITIES - PHYSICAL PLANT
GENERAL OPERATING EXPENSES
LIBRARY COLLECTIONS
STUDENT AID
MANDATORY TRANS. - DEBT SERVICE
NON-MANDATORY TRANS.
PRIOR YEAR COMMITMENTS (ALLOCATED BALANCES)
TOTAL NON - PERSONNEL
RE-INVESTMENT PROGRAM
ADDITIONAL RE-INVESTMENT FUNDS
UNIVERSITY WIDE BUDGET RESERVES
TOTAL RESERVES
July 21, 2005
New Jersey Institute of Technology
Priorities and Projects
($000’s)
Description
FY05
FY06
FY07
Develop a core of nationally recognized programs
Architecture studios/model shop
$284
$490
$1,400
Enhance and enrich the quality of life of the university community and ensure a focus on the
student
Class/laboratory/office upgrades
$767
$700
$250
Landscaping
$2,626
$1,075
$0
Athletic/recreation upgrades
$1,400
$213
$0
Become nationally recognized for attracting high achieving students from diverse national and
international backgrounds
Women's Center/Dean of Students
$150
$100
$0
Other Plant Projects
Residence Hall upgrades/HVAC/
elevators/East Building façade
$664
$1,550
$2,310
Total
$5,891
$4,128
$3,960
Major Projects
East Bldg/Campus Center
Cullimore
Eberhardt
Other
Total Major Projects
$7,242
$3,710
$4,852
$333
$16,137
$6,684
$0
$0
$0
$0
$0
Total All Projects
$22,028
$10,812
$3,960
Resources
NJIT/State Bond proceeds
Plant Fund
Other NJIT Funds
Private
Advance of Private
$14,836
$5,399
$520
$570
$703
Total Resources
$22,028
July 21, 2005
$484
$779
$5,421
$10,599
$213
$10,812
New Jersey Institute of Technology
Appropriations, Tuition and Fee Income Analysis
July 14, 2005
($000’s)
STATE
REQUEST
STATE
APPROPRIATION
FISCAL YEAR
SHORTFALL
%FISCAL
YEAR
TUITION/ FEE
SHORTFALL
REVENUE
FY0 2
5 6 ,1 1 0
5 2 ,1 3 3
(3 ,9 7 7 )
-7 .1 %
6 2 ,3 7 8
FY0 3
5 5 ,8 9 6
4 9 ,6 2 1
(6 ,2 7 5 )
-1 1 .2 %
6 7 ,5 9 6
FY0 4
5 2 ,3 6 7
4 8 ,6 9 0
(3 ,6 7 7 )
-7 .0 %
FY0 5
5 1 ,5 2 6
5 0 ,1 1 2
(1 ,4 1 4 )
FY0 6 (a)
5 3 ,1 3 1
5 0 ,9 1 2
(2 ,2 1 9 )
Cumulative
(3 1 ,1 4 7 )
(a) proposed
July 21, 2005
TUITION/ FEE
REVENUE ∆
N/ A
Annual
% Increase
Tuition
%
Tuition
Cap
BUDGET
EXPENDITURE
REDUCTIONS
6 .9
-
5 ,2 1 8
9 .7
-
7 2 ,7 7 7
5 ,1 8 1
8 .5
9 .0
3 ,9 3 6
-2 .7 %
7 4 ,4 6 2
1 ,6 8 5
8 .0
8 .0
6 ,0 7 0
-4 .2 %
8 0 ,0 2 4
5 ,5 6 2
7 .0
8 .0
3 ,3 0 3
1 7 ,6 4 6
N/ A
2 ,8 9 6
1 6 ,2 0 5
New Jersey Institute of Technology
Proposed Schedule of Tuition & Fees
Actual FY 2005 & Proposed FY 2006
TU ITIO N
EXH IBIT A
D IFFEREN CE
ACTU AL
PRO PO SED
FY 2 0 0 5
FY 2 0 0 6
AMO U N T
PERCEN T
$3,959
$4,236
$277
7.0%
300
$321
$21
7.0%
6,858
587
7,338
628
$480
$41
7.0%
7.0%
5,195
5,559
$364
7.0%
561
600
$39
7.0%
7,312
772
7,824
826
$512
$54
7.0%
7.0%
U ndergraduate
In-State
Full-Time Per Semester
Part-Time Per Credit
O ut-O f-State
Full-Time Per Semester
Part-Time Per Credit
Graduate
In-State
Full-Time Per Semester
Part-Time Per Credit
O ut-O f-State
Full-Time Per Semester
Part-Time Per Credit
UNDERGRADUATE
FULL - TIME, PER SEMESTER
NJIT
TUITION
FY 05
FY 06
$
3,959 $
4,236
FEES
FY 05
FY 06
$
631 $
675
FY 05
$
4,590
RUTGERS
ENGINEERING (est)
$
$
$
July 21, 2005
3,772
$
4,074
886
$
957
4,658
TOTAL
FY 06
$
4,911
$
5,031
New Jersey Institute of Technology
Proposed Schedule of Tuition & Fees
Actual FY 2005 & Proposed FY 2006
FEES – Per Semest er
ACTU AL
FY 2 0 0 5
D IFFEREN CE
PRO PO SED
FY 2 0 0 6
AM O U N T
PERCEN T
Full-Time ( 1 2 or M ore Credit s)
Registration
Academic Facilities
Technology Infrastructure
70
315
80
315
$10
$0
14.3%
0.0%
100
60
48
35
50
22
675
$0
$4
$0
$0
$20
$10
44
0.0%
7.1%
0.0%
0.0%
66.7%
83.3%
TO TAL U N D ERGRAD U ATE
100
56
48
35
30
12
631
TO TAL GRAD U ATE
618
662
44
7 .1 %
33
13
7
5
3
3
61
59
33
13
8
5
3
5
64
62
0
0
1
0
0
2
0.0%
0.0%
14.3%
0.0%
0.0%
66.7%
3
4 .9 %
3
5 .1 %
12
70
82
22
80
102
10
10
83.3%
14.3%
20
2 4 .4 %
4,590
2,248
4,911
2,412
321
164
7.0%
7.3%
5,813
3,802
6,221
4,074
408
7.0%
272
7.2%
Student Services
Student Senate Activities – Undergraduate
Student Senate Activities – Graduate
Athletics
Health
7 .0 %
Part -Time
Per Credit:
Academic Facilities
Technology Infrastructure
Student Services
Student Senate Activities - Undergraduate
Student Senate Activities - Graduate
Athletics
TO TAL U N D ERGRAD U ATE PER CRED IT
TO TAL GRAD U ATE PER CRED IT
Part-Time Per Semester:
Health Services
Registration
TO TAL PER SEM ESTER
“TYPICAL COSTS” IN-STATE TUITION AND FEES PER SEMESTER
U ndergraduat e
Full-Time
Part-Time (6 credits)
Graduat e
Full-Time
Part-Time (6 credits)
July 21, 2005