Financial aid can be a complex process. Whether you are a new or continuing adult student, there are many sources of information about scholarship and financial aid for part-time and full-time study.

• Loans
  • Federal Direct Stafford Loan Maximum amount (for loans disbursed on or after July 1, 2008):  Part time graduate students taking 6 or more credits could qualify for Stafford loans up to $20,500 ($8,500 subsidized/$12,000 unsubsidized). All amounts are per academic year. Students can have a dependency status of either Dependent or Independent..
  • Federal Direct Grad PLUS Loan Graduate only, part-time and full-time (6 credits and up)
  • Federal Perkins Loan Undergraduate only, part-time and full-time
  • Private Alternative Loans
  • There are many private lenders. NJIT does not endorse any specific lender; however, you may compare information about private lenders. Other sources of funding include SimpleTuition, Virgin Money, Fynanz, and Greennote.

• Tax Benefits involve US income tax credits; others, tax deductions including up to $4,000 depending on your income. If your income exceeds your qualifying for the Lifelong Learning or Hope Scholarship check out the Limited Deduction for tuition expenses benefit. We hope by pointing these sources out to you, not only won't they be a surprise (however pleasant) at April tax time, but they can help strengthen your resolve now to return or continue your education.
  • LifeLong Learning Accounts
  • HOPE Scholarship Tax Credit
  • Limited Deduction for Tuition Expenses

• Federal financial aid, which includes grants, loans, and work-study programs.

• Veteran’s and Military benefits
  • Military Handbook
  • Post 9/11 Veteran’s Education Assistance
  • Military Tuition Assistance

• Types of Financial Aid
• Scholarships for Adults
• Payment plans through the NJIT Bursar.
• There are also many sources of print and online information for funding a college education.