17 New Jersey Colleges Offer Best Value For Money

Princeton NJ

03 June, 2022

2:38 PM

Description

NEW JERSEY — Even though college enrollment slid during the pandemic, many new students are eager to begin their higher education this fall. Between the high cost of student loan debts and few free tuition programs, money is a big factor for many families, who are looking for affordable and quality education. Prospective New Jersey college students and their parents now have a new tool and resource to help narrow down their choices: Money's new "Best Colleges in America, Ranked By Value" report. And according to this report, 17 Garden State colleges offer quality and affordability. In fact, The New Jersey Institute of Technology in Newark made it to the top 20 national list. The list includes 671 schools that met Money's criteria. The full methodology is found on Money's website, but in short it includes financially sound schools with enrollments of 500 or more students and graduation rates at or above the mean for the category of institution. The data was sorted in three categories: quality of education; affordability, including the availability of grants and other financial aid; and outcomes, a category that takes a comprehensive look at earnings after graduation, graduates' economic mobility and a new measure on return on investment using data from the Bipartisan Policy Center. For students who want to stay in New Jersey to go to college, the following colleges offer the most value, according to the ranking: Princeton University Overall score: 98.46 Acceptance rate: 6 percent Estimated full price, 2022-23: $69,900 Estimated price with average grant: $19,700 Percent of students who get grants: 61percent New Jersey Institute of Technology Overall score: 81.81 Acceptance rate: 66 percent Estimated full price, 2022-23: $39,700 Estimated price with average grant: $19,400 Percent of students who get grants: 69 percent Stevens Institute of Technology Overall score: 77.73Acceptance rate: 53 percentEstimated full price, 2022-23: $76,500Estimated price with average grant: $42,600Percent of students who get grants: 95 percent College of New Jersey Overall score: 77.44Acceptance rate: 66 percentEstimated full price, 2022-23: $39,700Estimated price with average grant: $19,400Percent of students who get grants: 69 percent Rutgers University-New Brunswick Overall score: 70.95Acceptance rate: 67 percentEstimated full price, 2022-23: $33,900Estimated price with average grant: $18,800Percent of students who get grants: 43 percent Montclair State University Overall score: 69.82Acceptance rate: 83 percentEstimated full price, 2022-23: $33,000Estimated price with average grant: $15,900Percent of students who get grants: 54 percent Stockton University Overall score: 69.41Acceptance rate: 77 percentEstimated full price, 2022-23: $31,200Estimated price with average grant: $21,700Percent of students who get grants: 63 percent Ramapo College of New Jersey Overall score: 68.10Acceptance rate: 67 percentEstimated full price, 2022-23: $35,200Estimated price with average grant: $18,300Percent of students who get grants: 44 percent Rowan University Overall score: 66.59Acceptance rate: 78 percentEstimated full price, 2022-23: $35,900Estimated price with average grant: $26,200Percent of students who get grants: 55 percent Monmouth University Overall score: 62.36Acceptance rate: 79 percentEstimated full price, 2022-23: $62,300Estimated price with average grant: $33,400Percent of students who get grants: 98 percent William Paterson University of New Jersey Overall score: 62.16Acceptance rate: 81 percentEstimated full price, 2022-23: $32,200Estimated price with average grant: $18,000Percent of students who get grants: 64 percent New Jersey City University Overall score: 61.88Acceptance rate: 96 percentEstimated full price, 2022-23: $36,700Estimated price with average grant: $14,800Percent of students who get grants: 78 percent Georgian Court University Overall score: 59.62Acceptance rate: 81 percentEstimated full price, 2022-23: $52,400Estimated price with average grant: $21,900Percent of students who get grants: 84 percent Kean University Overall score: 59.47Acceptance rate: 78 percentEstimated full price, 2022-23: $31,000Estimated price with average grant: $18,400Percent of students who get grants: 66 percent Seton Hall University Overall score: 55.90Acceptance rate: 78 percentEstimated full price, 2022-23: $66,500Estimated price with average grant: $35,500Percent of students who get grants: 93 percent Rider University Overall score: 54.82Acceptance rate: 76 percentEstimated full price, 2022-23: $67,200Estimated price with average grant: $31,000Percent of students who get grants: 93 percent Saint Elizabeth University Overall score: 53.08Acceptance rate: 75 percentEstimated full price, 2022-23: $55,300Estimated price with average grant: $21,200Percent of students who get grants: 74 percent Money also has a tool that students and parents can use to further narrow down their search and build a customized list that uses its high-value college rankings to create a grouping that best matches a student's interests. The list can be re-ranked, based on the importance of financial aid and post-graduate earnings, Money said. Nationally, the Top 10 schools based on value are: University of Michigan, Ann Arbor University of North Carolina at Chapel Hill University of Virginia, Charlottesville Massachusetts Maritime Academy, Buzzards Bay Virginia Military Institute, Lexington Georgia Institute of Technology, Atlanta University of Illinois at Urbana-Champaign University of Florida, Gainesville University of California, Irvine University of California, Davis Thank you for reading. Have a correction or news tip? Email [email protected]