New Jersey has 50 private and 13 public 4-year colleges that enroll 32,464 first-year students yearly. The average tuition of public colleges is $32,283 for in-state students and $43,222 for out-of-state and international students.

Private colleges in New Jersey charge around $26,645 per year in tuition regardless of residency.

In the 2021-2022 academic year, New Jersey provided $87.8 million in financial aid to 11,203 students who enrolled in 4-year colleges for the first time as undergraduates. In addition, the colleges themselves awarded $286 million in grants and scholarships to 19,925 students.

New Jersey receives 2.4% of the total pell grant the federal government allocates. In the 2021-2022 academic year, 12,777 4-year college first-year undergraduates were awarded a total amount of $67.4 million in pell grant ($5,674 per student on average), and 14,367 students received a total amount of $74 million in the form of student loans from the federal government ($5,871 per student on average).