Stevens Institute of Technology raised tuition by 3% for the 2022-23 academic year, as revealed in the most recent disclosure, according to the latest disclosure from the National Center for Education Statistics.
Students enrolled at the four-year private nonprofit institution paid $58,624 this year, an increase of $1,704 from the $56,920 charged during the 2021-22 academic year.
Approximately 64% of the undergraduate student body are residents of New Jersey. Students from other states make up about 32%, while international students account for 3%.
Data indicates that 99% of full-time undergraduates who began studies at Stevens Institute of Technology in 2022-23 received some form of financial aid. A total of 998 students were awarded grants or scholarships amounting to $32.7 million, and 564 students borrowed over $5.8 million in student loans.
Across the entire undergraduate population, 3,917 students benefited from grants or scholarships totaling $122.8 million. Additionally, 2,237 students obtained federal student loans amounting to $14.3 million.
Undergraduate education costs have seen a significant increase over the past few decades. Data shows a 169% rise in the average total cost, including tuition, fees, room, and board, between 1980 and 2020.
According to a 2023 College Board report, in-state students at public universities paid an average of $11,260, while out-of-state students paid $29,150 in the 2023-24 academic year.
Meanwhile, student loan debt has steadily increased over the last 30 years, reaching $1.75 trillion in 2024, averaging a total of $28,950 per borrower. Federal loans make up 92% of the debt, with over half of students at both public and private four-year colleges graduating with student loans.
Available data sometimes exceeds 100% due to rounding and administrative calculations.
The following data includes only full-time students who began an undergraduate program at the the Stevens Institute of Technology in the 2022-23 school year.
| Type of Aid | Number of students awarded aid | Percent awarded aid | Total amount of aid awarded | Average amount of aid per student |
|---|---|---|---|---|
| Federal grants | 191 | 19% | $1.4 million | $7,147 |
| State / local grant or scholarship | 150 | 15% | $1.5 million | $9,761 |
| Institutional grants or scholarships | 998 | 99% | $29.9 million | $29,954 |
| Grant or scholarship aid total | 998 | 99% | $32.7 million | $32,789 |
| Federal student loans | 559 | 55% | $3 million | $5,307 |
| Other student loans | 100 | 10% | $2.9 million | $28,603 |
| Student loan aid | 564 | 56% | $5.8 million | $10,331 |
| Total student aid | 1,004 | 99% | $38.6 million | $38,396 |
Information in this story was obtained from the National Center for Education Statistics. The source data can be found here.
