Cutting Edge Academy

www.cuttingedgeacademynj.com/

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2021 Average Net Price

$29,641

After Financial Aid

2019 Student Loan

2.22%

Default Rate

2021 Enrolled Students

45.3% Full-Time

About

Cutting Edge Academy is a higher education institution located in Morris County, NJ. In 2021, the most popular 1 to 2 Year Postsecondary Certificate concentrations at Cutting Edge Academy were General Cosmetology (26 degrees awarded) and Barbering (15 degrees).

In 2021, 55 degrees were awarded across all undergraduate and graduate programs at Cutting Edge Academy. 72.7% of these degrees were awarded to women, and 27.3% awarded men. The most common race/ethnicity group of degree recipients was white (31 degrees), 1.72 times more than then the next closest race/ethnicity group, hispanic or latino (18 degrees).

Not applicable, not in Carnegie universe (not accredited or nondegree-granting)Unknown

Costs

After taking grants and loans into account, the average net price for students is $29,641.

In 2021, 42% of undergraduate students attending Cutting Edge Academy received financial aid through grants. Comparatively, 43% of undergraduate students received financial aid through loans.

Average Net Price

$29,641

2021 Value

3.2%

1 Year Growth

In 2021 Cutting Edge Academy had an average net price — the price paid after factoring in grants and loans — of $29,641. Between 2020 and 2021, the average net price of Cutting Edge Academy grew by 3.2%.

This chart compares the average net price of Cutting Edge Academy (in red) with that of other similar universities.

Average net price is calculated from full-time beginning undergraduate students who were awarded a grant or scholarship from federal, state or local governments, or the institution.

Financial Aid by Income Level

42%

Undergraduates Receiving Financial Aid through Grants

43%

Undergraduates Receiving Financial Aid through Loans

42% of undergraduate students at Cutting Edge Academy received financial aid through grants or loans in 2021. This represents a decline of 20.8% with respect to 2020, when 53% of undergraduate students received financial aid.

This chart compares the average award discount at Cutting Edge Academy (in red) with that of other similar universities.

The average award discount is the ratio between the average grant or scholarship value, and the cost, which is the sum of out-of-state tuition, room, board, book, supplies, and other expenses.

Student Loan Default Rate

Cohort default rates only account for borrowers who default in the first three years, and some schools only have a small proportion of borrowers entering repayment. These rates should be interpreted with caution, as they may not be reflective of the entire school population.

2.22%

2019 Default Rate

Number of Defaults

In 2019 the default rate for borrower's at Cutting Edge Academy was 2.22%, which represents 1 out of the 45 total borrowers.

A cohort default rate is the percentage of a school's borrowers who enter repayment on certain Federal Family Education Loan (FFEL) Program or William D. Ford Federal Direct Loan (Direct Loan) Program loans during a particular federal fiscal year (FY), October 1 to September 30, and default or meet other specified conditions prior to the end of the second following fiscal year.

Enrollment

Cutting Edge Academy had a total enrollment of 86 students in 2021. The full-time enrollment at Cutting Edge Academy is 39 students and the part-time enrollment is 47. This means that 45.3% of students enrolled at Cutting Edge Academy are enrolled full-time.

The enrolled student population at Cutting Edge Academy, both undergraduate and graduate, is 55.8% White, 27.9% Hispanic or Latino, 8.14% Black or African American, and 1.16% Asian.

Students enrolled at Cutting Edge Academy in full-time Undergraduate programs are most commonly White Female (64.1%), followed by Hispanic or Latino Female (15.4%) and Black or African American Female (5.13%).

Full-Time vs Part-Time Enrollment

45.3%

Full-Time Enrollment

The total enrollment at Cutting Edge Academy in 2021, both undergraduate and graduate, is 86 students. The full-time enrollment at Cutting Edge Academy is 39 and the part-time enrollment is 47.

This chart shows the full-time vs part-time enrollment status at Cutting Edge Academy (in red) compares to similar universities.

Retention Rate over Time

100%

2021 Retention Rate

Retention rate measures the number of first-time students who began their studies the previous fall and returned to school the following fall. The retention rate for full-time undergraduates at Cutting Edge Academy was 100%. Compared with the full-time retention rate at similar (77%), Cutting Edge Academy had a retention rate higher than its peers.

This chart shows the retention rate over time at Cutting Edge Academy (highlighted in red) compares to similar universities.

Enrollment by Race & Ethnicity

Most Common Race or Ethnicity (2021)

White
48 enrolled students
Hispanic or Latino
24 enrolled students
Black or African American
7 enrolled students

The enrolled student population at Cutting Edge Academy is 55.8% White, 27.9% Hispanic or Latino, 8.14% Black or African American, and 1.16% Asian. This includes both full-time and part-time students as well as graduate and undergraduates. By comparison, enrollment for all is 34.9% White, 24.8% Hispanic or Latino, and 17.5% Black or African American.

Any student who is studying in the United States on a temporary basis is categorized as a "Non-Resident Alien", and the share of those students are shown in the chart below. Additionally, 0 students (0%) did not report their race.

Graduates

In 2021, 25 more women than men received degrees from Cutting Edge Academy. The most common race/ethnicity group of degree recipients at Cutting Edge Academy is white (31 degrees awarded). There were 1.72 times more white recipients than the next closest race/ethnicity group, hispanic or latino (18 degrees).

The most common 1 to 2 Year Postsecondary Certificate concentration at Cutting Edge Academy is General Cosmetology (26 degrees awarded), followed by Barbering (15 degrees).

In 2021, the most specialized majors across all degree types at Cutting Edge Academy, meaning they have significantly more degrees awarded in that concentration than the national average across all institutions, are Personal & Culinary Services (55 degrees awarded).

Common Jobs by Major

Chefs & head cooks

Most Common Job

The most common jobs for people who hold a degree in one of the 5 most specialized majors at Cutting Edge Academy are Chefs & head cooks (8,549 people), Cooks (3,412 people), Morticians, undertakers, & funeral directors (2,945 people), Food service managers (2,679 people), and Firstline supervisors of food preparation & serving workers (1,125 people).

The most specialized majors at Cutting Edge Academy in 2021 are Personal & Culinary Services (55 degrees awarded) (as of 2021).

Highest Paying Jobs by Major

Chief executives & legislators

Highest Paying Job

The highest paying jobs for people who hold a degree in one of the 5 most specialized majors at Cutting Edge Academy are Chief executives & legislators, Lawyers, & judges, magistrates, & other judicial workers, Industrial production managers, Management analysts, and Education administrators

The most specialized majors at Cutting Edge Academy are Personal & Culinary Services (55 degrees awarded) (as of 2021).

Common Industries by Major

Restaurants & Food Services

Most Common Industry

The most common industries for people who hold a degree in one of the 5 most specialized majors at Cutting Edge Academy are Restaurants & Food Services (13,061 people), Funeral homes, & cemeteries & crematories (3,181 people), Traveler accommodation (1,866 people), Elementary & secondary schools (1,721 people), and Construction (1,402 people).

The most specialized majors at Cutting Edge Academy are Personal & Culinary Services (55 degrees awarded) (as of 2021).

Majors Awarded

IPEDS uses the Classification of Instructional Programs (CIP) standard, so the categories may not match the exact concentrations offered by Cutting Edge Academy.

Most Common (2021)

General Cosmetology
26 degree-majors awarded
Barbering
15 degree-majors awarded

In 2021, the most common 1 to 2 year postsecondary certificate concentration at Cutting Edge Academy was General Cosmetology with 26 degrees awarded.

This visualization illustrates the percentage of degree-majors recipients from 1 to 2 year postsecondary certificate programs at Cutting Edge Academy according to their major.

Sex Breakdown for Common Majors

Degrees Awarded to Men

in 2021

Degrees Awarded to Women

in 2021

In 2021, 15 degrees were awarded to men at Cutting Edge Academy, which is 0.375 times less than the number of degrees awarded to females (40).

This chart displays the sex disparity between the top 5 majors at Cutting Edge Academy by degrees awarded.

Most Common Male Majors

In 2021, 13 degrees were awarded to men at Cutting Edge Academy in Barbering, which is 6.5 times more than the 2 female recipients with that same degree.

Most Common Female Majors

In 2021, 25 degrees were awarded to men at Cutting Edge Academy in General Cosmetology, which is 25 times more than the 1 male recipients with that same degree.

Time to Complete

100% Completion Time

73%

150% Completion Time

In 2021, 9% of students graduating from Cutting Edge Academy completed their program within 100% "normal time" (i.e. 4 years for a 4-year degree). Comparatively, 73% completed their degrees within 150% of the normal time, and 73% within 200%.

The following chart shows these completion rates over time compared to the average for the Carnegie Classification group.

Graduation rate is defined as the percentage of full-time, first-time students who received a degree or award within a specific percentage of "normal time" to completion for their program.

Race & Ethnicity by Share

Most Common Student Race or Ethnicity (2021)

White
31 degrees awarded
Hispanic or Latino
18 degrees awarded
Black or African American
3 degrees awarded

The most common race/ethnicity at Cutting Edge Academy is white (31 degrees awarded). There were 1.72 times more white recipients than the next closest race/ethnicity group, hispanic or latino (18 degrees).

0% of degree recipients (0 students) did not report their race.

Race & Ethnicity by Sex

Most Common Sex Demographic (2021)

White Female
21 degrees awarded
Hispanic or Latino Female
16 degrees awarded
White Male
10 degrees awarded

The most common race/ethnicity and sex grouping at Cutting Edge Academy is white female (21 degrees awarded). There were 1.31 times more white female recipients than the next closest race/ethnicity group, hispanic or latino female (16 degrees).