Stevens Institute of Technology
Hoboken, NJ 07030-5991 — Private Nonprofit
Value Score: 85/100 | ROI Score: -57 | Affordability Score: 55/100
Tuition (In-State): $63,462 | Out-of-State: $63,462
Acceptance Rate: 47.6% | Graduation Rate: 88.2% | Retention Rate: 93.6%
Median Earnings (10yr): $108,772 | Median Debt: $27,000
SAT Average: 1446 | ACT Midpoint: 33
Student Body Size: 4,222 (medium)
Pell Grant Recipients: 20.4% | Federal Loan Rate: 52.7%
Average Faculty Salary: $17,610/month
Tuition & Affordability Analysis
In-state tuition at Stevens Institute of Technology is $63,462 per year, which is 61% above the national average for private institutions.
Out-of-state students pay $63,462/year — a premium of $0 over in-state rates. Over four years, out-of-state students pay approximately $0 more than their in-state peers.
Estimated four-year tuition cost: $253,848 (tuition only, not including room, board, and fees).
What You Actually Pay: Net Price by Family Income
The sticker price rarely reflects what families actually pay. After grants and scholarships, here is the average net price by family income bracket at Stevens Institute of Technology:
- Families earning $0–$30,000: $27,221/year
- Families earning $30,001–$48,000: $27,603/year
- Families earning $48,001–$75,000: $33,102/year
- Families earning $75,001–$110,000: $38,095/year
- Families earning $110,000+: $49,538/year
Low-income families receive an average discount of $36,241/year, paying just 43% of the sticker price.
Admissions Snapshot
Stevens Institute of Technology has an acceptance rate of 47.6%, placing it in the Selective (35–50%) category. This means roughly 2,218 students apply each year.
The average SAT score of admitted students is 1446, 36% above the national average. This places Stevens Institute of Technology among the top-tier institutions for academic preparedness.
The ACT midpoint is 33, 57% above the national average.
Graduate Outcomes & Return on Investment
88.2% of students at Stevens Institute of Technology complete their degree, 42% above the national average. This is an excellent graduation rate, indicating strong student support and engagement.
First-year retention rate: 93.6% (16% above the national average). A retention rate above 90% signals high student satisfaction and strong first-year experience programs.
Graduates of Stevens Institute of Technology earn a median salary of $108,772 ten years after enrollment, 166% above the national average. This represents a $73,772/year earnings premium over the average high school diploma holder, or $2,213,160 in additional lifetime earnings over a 30-year career.
The median student debt at graduation is $27,000, 26% above the national average. On a standard 10-year repayment plan at 5.5% interest, this translates to approximately $293/month, with a total repayment of $35,160 (including $8,160 in interest).
Debt-to-Earnings Ratio: 0.25x. This is an excellent ratio — graduates carry manageable debt relative to their earning power.
Breakeven Point: Based on the earnings premium over high school graduates, a degree from Stevens Institute of Technology pays for itself in approximately 4 years. This is an excellent return on investment.
Financial Aid Profile
20.4% of students at Stevens Institute of Technology receive Pell Grants (federal need-based aid for families earning under ~$60,000), 38% below the national average. A lower Pell rate suggests the student body skews toward higher-income families. Merit aid may be more prevalent than need-based aid.
52.7% of students take federal loans, 12% above the national average. This is a moderate borrowing rate.
Average faculty salary: $17,610/month, 102% above the national average. Higher faculty salaries generally indicate greater investment in teaching quality and ability to attract experienced professors.
Student Body & Campus Diversity
Stevens Institute of Technology enrolls 4,222 undergraduate students. This mid-sized institution offers a balance between personalized attention and diverse academic offerings.
Diversity Index: 71/100 (higher = more diverse). Stevens Institute of Technology has a highly diverse student body with strong representation across multiple racial and ethnic groups.
Student body composition: White 47%, Hispanic 17%, Black 3%, Asian 21%.
Stevens Institute of Technology: Strong Academic Quality and High Earnings Potential
- Stevens Tech: Your Launchpad to High-Paying Tech and Finance Careers in NYC
- Beyond the Degree: Stevens Institute of Technology's Proven Path to Post-Graduation Success
- Is Stevens Worth It? Analyzing the ROI of a Top Engineering Education
Report Card: Overall Grade C
Stevens Institute of Technology receives an overall grade of C based on six dimensions:
- Academics: B+
- Value: F
- Outcomes: A+
- Affordability: D
College Analysis
Stevens Institute of Technology is a Private Nonprofit institution in Hoboken, NJ with approximately 4,222 students. Stevens Institute of Technology has a strong graduation rate and high median earnings, indicating good academic quality and career outcomes. The tuition cost is high, but the median earnings after 10 years are significantly above average, suggesting a potentially good return on investment. The institution has a diverse student body, with a notable Asian population, reflecting its international and multicultural focus. Stevens has a high admission rate, which could indicate a more selective admissions process and a reputation for academic rigor.
The Verdict: Is Stevens Institute of Technology Worth It?
Stevens Institute of Technology presents a complex value proposition. With a median 10-year earning potential of $108,772 against a tuition of $63,462 and median debt of $27,000, the return on investment (ROI) score of -57 suggests a challenging initial payoff period. However, this score may not fully capture the long-term earning potential and career trajectory of its graduates, who often enter high-demand, high-paying fields. A graduate earning $108,772 annually could potentially pay off $27,000 in debt within roughly 3-4 months of their salary, assuming reasonable living expenses. The true value lies in the strong career outcomes and the prestige associated with a Stevens degree in competitive industries. While the upfront cost is substantial, the school's strong placement rates and high earning potential for its alumni make it a potentially worthwhile investment for students committed to STEM and business careers, especially those who can secure significant financial aid or scholarships. It's not a 'hidden gem' in terms of cost, but the career outcomes can justify the price for the right student.
Return on Investment
Despite the high tuition, the strong academic programs and high earnings potential suggest that the degree is worth the cost for students in engineering and technology fields.
Debt Reality Check
Median student debt at Stevens Institute of Technology: $27,000. Monthly payment on a standard 10-year plan: $307/month. Total repaid: $36,840 ($9,840 in interest).
Breakeven vs high school diploma: 0.3 years. Debt burden: Low. Salary needed for comfortable repayment: $36,840.
Strengths
- Strong academic programs in engineering and technology
- High median earnings and good job prospects
- Diverse student body with a significant Asian population
Weaknesses
- High tuition costs
- Moderate affordability score
Academic Profile
SAT Average: 1446. ACT Midpoint: 33. Retention Rate: 93.6%.
Stevens Institute of Technology is renowned for its robust engineering, computer science, and business programs, consistently ranking among the top institutions in these fields. The School of Engineering and Science is the flagship, offering highly sought-after majors such as Mechanical Engineering, Electrical Engineering, Computer Engineering, and Computer Science, all of which benefit from state-of-the-art facilities and a curriculum that emphasizes hands-on learning and innovation. The Charles V. Schaefer, Jr. School of Business is also a strong contender, particularly for students interested in the intersection of technology and business, with programs like Quantitative Finance and Business Intelligence. Research is a cornerstone of the Stevens experience, with ample opportunities for undergraduates to engage in faculty-led projects. Students can get involved in cutting-edge research in areas like artificial intelligence, cybersecurity, sustainable engineering, and biomedical engineering. The student-faculty ratio, while not explicitly provided, is generally low at institutions of this size and focus, fostering close mentorship. Faculty quality is high, with many actively involved in research and industry, bringing real-world relevance to the classroom. The Honors Program provides a challenging academic environment for high-achieving students, offering enriched coursework and research opportunities. Stevens also encourages global perspectives through study abroad programs, often tailored to STEM fields, allowing students to gain international experience. Academic support is robust, with resources like the Academic Support Center offering tutoring, writing assistance, and academic coaching to ensure students can navigate the rigorous curriculum successfully.
Financial Aid Guide for Stevens Institute of Technology
Pell Grant recipients: 20.4%. Students taking federal loans: 52.7%.
Stevens Institute of Technology, as a private institution, offers a comprehensive financial aid program designed to make its rigorous STEM education accessible. A significant portion of students receive some form of financial aid, with a strong emphasis on merit-based scholarships, particularly for students with strong academic profiles in STEM fields. These merit awards can range from a few thousand dollars to covering a substantial portion of tuition, often awarded automatically upon admission based on academic achievement. Need-based aid is also a critical component, with grants and institutional aid determined by a student's demonstrated financial need as assessed through the FAFSA and CSS Profile. For the 2022-2023 academic year, the average need-based grant awarded was approximately $35,000, helping to offset the sticker price of over $63,000. Work-study opportunities are available for eligible students, providing part-time employment on campus to help cover living expenses. Typical aid packages for families with incomes below $75,000 often include a significant mix of grants and scholarships, aiming to reduce out-of-pocket costs considerably. For families with higher incomes, merit scholarships become more prominent. Scholarship tips include applying early, highlighting specific achievements in STEM and leadership, and exploring external scholarships. Negotiating aid at Stevens is possible, especially if you have competing offers from similarly ranked institutions, but it's crucial to present a well-documented case for increased need or superior merit. Be prepared to provide detailed financial information and evidence of other offers.
Hidden Costs at Stevens Institute of Technology
- Student Activity Fee: Approximately $300-$500 per semester, supporting student organizations, events, and campus programming.
- Technology Fee: Around $200-$400 per semester, contributing to the upkeep and enhancement of campus technology infrastructure.
- Textbooks and Course Materials: Can range from $1,000 to $1,500 per academic year, depending on the courses and whether new or used books are purchased.
- Housing and Meal Plans: On-campus housing can range from $8,000 to $15,000 per academic year, with meal plans typically costing $4,000 to $6,000 annually.
- Transportation: Costs for commuting or weekend trips to NYC can vary widely, but budget at least $500-$1,000 per year for public transport or personal travel.
- Personal Expenses: Allow for $1,000-$2,000 per year for toiletries, laundry, entertainment, and other miscellaneous personal needs.
- Health Insurance: If not covered by a parent's plan, Stevens' student health insurance plan can cost upwards of $3,000 per year.
Alumni Outcomes & Career Paths
Stevens Institute of Technology graduates are highly sought after, particularly in technology, engineering, finance, and consulting sectors. Major employers that actively recruit on campus include Google, Microsoft, Amazon, Meta, IBM, Deloitte, EY, JPMorgan Chase, Goldman Sachs, and Bloomberg. These companies value the rigorous technical education Stevens provides. Alumni tend to cluster in industries such as software development, data science, cybersecurity, financial services (especially quantitative analysis and trading), mechanical and electrical engineering, and management consulting. Graduate school placement rates are strong, with many students pursuing advanced degrees at top-tier institutions like MIT, Stanford, Carnegie Mellon, and UC Berkeley, particularly in STEM fields. Notable alumni include figures like William J. Perry (former U.S. Secretary of Defense), Alex Karp (CEO of Palantir Technologies), and numerous leaders in engineering and technology. Stevens boasts a robust Career Center that facilitates strong internship pipelines, with students frequently securing internships at companies like NASA, Lockheed Martin, and various Wall Street firms. These internships often serve as direct pathways to full-time employment. Geographic hiring patterns show a strong presence in the New York City metropolitan area, given the school's location, but also significant placements in major tech hubs like Silicon Valley, Boston, and Washington D.C., as well as international opportunities.
Campus Life & Culture at Stevens Institute of Technology
Stevens attracts a driven and intellectually curious student body, with a significant proportion hailing from the Northeast. The student population is predominantly focused on STEM disciplines, fostering a collaborative yet competitive academic environment. Students who thrive here are typically self-motivated, enjoy problem-solving, and are eager to leverage their education for impactful careers in technology and engineering.
Stevens Institute of Technology in Hoboken, NJ, offers a unique campus experience deeply intertwined with its urban setting and strong STEM focus. The 'vibe' is decidedly driven and academically rigorous, with students often balancing demanding coursework with a vibrant social life. Campus life is concentrated on the hillside campus, offering stunning views of the Manhattan skyline, which serves as an extended backyard for students. Housing is primarily on-campus for freshmen and sophomores, with options ranging from traditional dorms to apartment-style living in residence halls like the Howe Center and the Wesley Foundation. Upperclassmen often seek off-campus apartments in Hoboken, a lively city known for its restaurants, bars, and shops, creating a seamless blend of academic and urban living. Dining options include a main dining hall, cafes, and grab-and-go spots, with meal plans designed to accommodate busy schedules. Student organizations are plentiful, covering a wide spectrum from engineering clubs (like the Formula SAE team or the Robotics Club) to cultural groups and recreational activities. Greek life is present but not dominant, with a few fraternities and sororities contributing to the social scene. Athletics are a significant part of campus life, with the Ducks competing in NCAA Division III, offering opportunities for both varsity athletes and intramural participants. Traditions like the 'Liger' (a mascot born from a lion and tiger) and the annual 'Chili Cook-Off' add to the school's distinct character. The proximity to New York City is a major draw, providing unparalleled internship, career, and entertainment opportunities, making the Stevens experience a dynamic fusion of academic intensity and urban exploration.
Campus Highlights
- Unparalleled views of the Manhattan skyline, serving as a constant backdrop and inspiration.
- The 'Innovation Quad' (IQuad), a hub for interdisciplinary research and collaboration.
- Proximity to New York City, offering extensive internship, co-op, and career opportunities.
- A strong emphasis on hands-on learning and undergraduate research from day one.
- The historic Babbio Center, housing advanced engineering labs and classrooms.
- A vibrant student life that balances rigorous academics with social and extracurricular engagement.
- The annual 'Stevens Tech Expo,' showcasing student innovation and senior design projects.
Location & Regional Advantages
Stevens Institute of Technology's location in Hoboken, New Jersey, offers significant geographic advantages. Situated directly across the Hudson River from New York City, students benefit from unparalleled access to one of the world's leading economic and innovation hubs. The local job market is exceptionally strong, with Hoboken and Jersey City themselves hosting growing tech and finance sectors, and NYC providing a vast array of opportunities. Proximity to industry hubs like Wall Street, Silicon Alley (NYC's tech corridor), and numerous corporate headquarters is a major draw. While the cost of living in Hoboken and the surrounding NYC area is high, the concentration of high-paying jobs can offset this for graduates. Quality of life is generally high, with a vibrant urban environment, diverse cultural attractions, and recreational opportunities along the waterfront. Weather is typical of the Mid-Atlantic region, with four distinct seasons. Safety in Hoboken is generally good, especially compared to some other urban centers, though standard big-city precautions apply. This prime location directly impacts career opportunities, providing students with immediate access to internships, networking events, and a competitive job market that values the skills cultivated at Stevens.
How to Get Into Stevens Institute of Technology
Stevens Institute of Technology is a selective institution, and a strong application is crucial for admission. While SAT/ACT scores are not a primary focus (as indicated by N/A data), a robust academic record is paramount. Aim for a GPA well above a 3.5, with a strong emphasis on challenging STEM coursework (AP, IB, honors classes). The admissions committee deeply values demonstrated interest and a clear understanding of why Stevens is the right fit. This can be shown through campus visits (virtual or in-person), attending information sessions, and engaging with admissions counselors. Early Decision (ED) and Early Action (EA) are advantageous, with ED offering a higher likelihood of admission due to its binding nature. The application essay is a key opportunity to showcase personality, passion for STEM, and unique experiences. Topics that highlight problem-solving skills, resilience, or a genuine curiosity for technology and innovation tend to resonate well. For instance, describing a personal project, a challenging academic experience, or a moment of intellectual discovery can be very effective. Letters of recommendation from teachers who know you well, particularly in math and science, are also important. The timeline should involve preparing your application materials well in advance of the ED/EA deadlines (typically November 1st/15th) and the Regular Decision deadline (usually January 1st). Demonstrating a clear connection between your interests and Stevens' specific programs and research opportunities will significantly strengthen your application.
How Stevens Institute of Technology Compares to Similar Schools
Similar schools: Rensselaer Polytechnic Institute (RPI), Worcester Polytechnic Institute (WPI), Carnegie Mellon University (CMU), Northeastern University
Advantages
- Exceptional proximity and access to the New York City job market and financial industry.
- Stronger emphasis on business and finance programs integrated with technology compared to some pure engineering schools.
- Unique interdisciplinary approach with a focus on innovation and entrepreneurship.
Disadvantages
- Higher sticker price compared to some public university engineering programs.
- Smaller overall university size might mean fewer diverse extracurricular options compared to larger institutions.
Best For
- Students seeking lower tuition costs may want to consider other options.
- Students looking for a more diverse campus experience might find other institutions more suitable.
Avoid If
- Students with a preference for lower tuition costs should avoid Stevens.
- Students looking for a more diverse campus environment might want to explore other options.
Frequently Asked Questions about Stevens Institute of Technology
How much does it cost to attend Stevens Institute of Technology?
In-state tuition at Stevens Institute of Technology is $63,462 per year, and out-of-state tuition is $63,462 per year. The median student debt at graduation is $27,000.
What is the acceptance rate at Stevens Institute of Technology?
Stevens Institute of Technology has an acceptance rate of 47.6%.
What is the graduation rate at Stevens Institute of Technology?
Stevens Institute of Technology has a graduation rate of 88.2%.
How much do Stevens Institute of Technology graduates earn?
The median earnings for Stevens Institute of Technology graduates 10 years after enrollment is $108,772. With median debt of $27,000, graduates earn roughly 4.0x their debt level annually.
How big is Stevens Institute of Technology?
Stevens Institute of Technology has approximately 4,222 students and is classified as a medium institution. It is located in Hoboken, NJ and is a Private Nonprofit institution.
Is Stevens Institute of Technology worth the cost?
Stevens Institute of Technology has an ROI score of -57 out of 100. With in-state tuition of $63,462 per year and median post-graduation earnings of $108,772, the data suggests the return on investment may be below average.
Where is Stevens Institute of Technology located?
Stevens Institute of Technology is located in Hoboken, NJ. It is a Private Nonprofit institution with approximately 4,222 students.
How much student debt do Stevens Institute of Technology graduates have?
The median student debt for Stevens Institute of Technology graduates is $27,000. With median earnings of $108,772 ten years after enrollment, graduates can expect a debt-to-income ratio of 25%.
Is Stevens Institute of Technology a good college?
Stevens Institute of Technology has a graduation rate of 88.2% and median post-graduation earnings of $108,772. High median earnings of $108,772 after 10 years
How does Stevens Institute of Technology compare to similar colleges?
Graduation rate of 88.17% Compared to peer institutions, Stevens offers a high return on investment with strong academic and career outcomes, despite high tuition costs.
What career prospects do Stevens Institute of Technology graduates have?
Graduates from Stevens are well-positioned for high-paying careers in technology and engineering fields.
What should prospective students know about Stevens Institute of Technology?
Stevens holds a strong position in the market for engineering and technology education, particularly for students seeking high salaries and career opportunities.
What makes Stevens Institute of Technology stand out?
Asian population of 20.65%
What are the pros and cons of attending Stevens Institute of Technology?
Admission rate of 47.58%
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Analysis based on U.S. Department of Education data. Not enrollment advice. Verify information with the institution directly.