Cutting Edge Academy

www.cuttingedgeacademynj.com

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2022 Average Net Price

$28,974

After Financial Aid

2019 Default Rate

2.22%

on Student Loans

2022 Enrolled Students

52.4% Full-Time

About

Cutting Edge Academy is a higher education institution located in Morris County, NJ. In 2022, the most popular 1 to 2 Year Postsecondary Certificate concentrations at Cutting Edge Academy were General Cosmetology (27 degrees awarded) and Barbering (25 degrees).

In 2022, 61 degrees were awarded across all undergraduate and graduate programs at Cutting Edge Academy. 60.7% of these degrees were awarded to women, and 39.3% awarded men. The most common race/ethnicity group of degree recipients was white (31 degrees), 1.82 times more than then the next closest race/ethnicity group, hispanic or latino (17 degrees).

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

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 $28,974.

In 2022, 38% of undergraduate students attending Cutting Edge Academy received financial aid through grants. Comparatively, 38% of undergraduate students received financial aid through loans.

Average Net Price

$28,974

2022 Value

2.25%

1 Year Growth

In 2022 Cutting Edge Academy had an average net price — the price paid after factoring in grants and loans — of $28,974. Between 2021 and 2022, the average net price of Cutting Edge Academy grew by 2.25%.

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

38%

Undergraduates Receiving Financial Aid through Grants

38%

Undergraduates Receiving Financial Aid through Loans

38% of undergraduate students at Cutting Edge Academy received financial aid through grants or loans in 2022. This represents a decline of 9.52% with respect to 2021, when 42% 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 84 students in 2022. The full-time enrollment at Cutting Edge Academy is 44 students and the part-time enrollment is 40. This means that 52.4% of students enrolled at Cutting Edge Academy are enrolled full-time.

The enrolled student population at Cutting Edge Academy, both undergraduate and graduate, is 61.9% White, 25% Hispanic or Latino, 3.57% Black or African American, 3.57% Two or More Races, and 2.38% Asian.

Students enrolled at Cutting Edge Academy in full-time Undergraduate programs are most commonly White Female (70.5%), followed by Hispanic or Latino Female (18.2%) and Asian Female (4.55%).

Full-Time vs Part-Time Enrollment

52.4%

Full-Time Enrollment

The total enrollment at Cutting Edge Academy in 2022, both undergraduate and graduate, is 84 students. The full-time enrollment at Cutting Edge Academy is 44 and the part-time enrollment is 40.

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

83%

2022 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 83%.

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 (2022)

White
52 enrolled students
Hispanic or Latino
21 enrolled students
Black or African American
3 enrolled students

The enrolled student population at Cutting Edge Academy is 61.9% White, 25% Hispanic or Latino, 3.57% Black or African American, 3.57% Two or More Races, and 2.38% Asian. This includes both full-time and part-time students as well as graduate and undergraduates.

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 2022, 13 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 1.82 times more white recipients than the next closest race/ethnicity group, hispanic or latino (17 degrees).

The most common 1 to 2 Year Postsecondary Certificate concentration at Cutting Edge Academy is General Cosmetology (27 degrees awarded), followed by Barbering (25 degrees).

In 2022, 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 (61 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 (8,521 people), Cooks (3,235 people), Morticians, undertakers, & funeral directors (2,785 people), Food service managers (2,333 people), and Firstline supervisors of food preparation & serving workers (1,142 people).

The most specialized majors at Cutting Edge Academy in 2022 are Personal & Culinary Services (61 degrees awarded) (as of 2022).

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, Lodging managers, Financial managers, and Management analysts

The most specialized majors at Cutting Edge Academy are Personal & Culinary Services (61 degrees awarded) (as of 2022).

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 (12,244 people), Funeral homes, & cemeteries & crematories (3,016 people), Traveler accommodation (1,919 people), Elementary & secondary schools (1,775 people), and Construction (1,430 people).

The most specialized majors at Cutting Edge Academy are Personal & Culinary Services (61 degrees awarded) (as of 2022).

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 (2022)

General Cosmetology
27 degrees awarded
Barbering
25 degrees awarded

In 2022, the most common 1 to 2 year postsecondary certificate concentration at Cutting Edge Academy was General Cosmetology with 27 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 2022

Degrees Awarded to Women

in 2022

In 2022, 24 degrees were awarded to men at Cutting Edge Academy, which is 0.649 times less than the number of degrees awarded to females (37).

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

Most Common Male Majors

In 2022, 23 degrees were awarded to men at Cutting Edge Academy in Barbering, which is 11.5 times more than the 2 female recipients with that same degree.

Most Common Female Majors

In 2022, 26 degrees were awarded to men at Cutting Edge Academy in General Cosmetology, which is 26 times more than the 1 male recipients with that same degree.

Time to Complete

27%

100% Completion Time

92%

150% Completion Time

In 2022, 27% of students graduating from Cutting Edge Academy completed their program within 100% "normal time" (i.e. 4 years for a 4-year degree). Comparatively, 92% completed their degrees within 150% of the normal time, and 92% 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 (2022)

White
31 degrees awarded
Hispanic or Latino
17 degrees awarded
Black or African American
7 degrees awarded

The most common race/ethnicity at Cutting Edge Academy is white (31 degrees awarded). There were 1.82 times more white recipients than the next closest race/ethnicity group, hispanic or latino (17 degrees).

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

Race & Ethnicity by Sex

Most Common Sex Demographic (2022)

White Female
20 degrees awarded
White Male
11 degrees awarded
Hispanic or Latino Male
9 degrees awarded

The most common race/ethnicity and sex grouping at Cutting Edge Academy is white female (20 degrees awarded). There were 1.82 times more white female recipients than the next closest race/ethnicity group, white male (11 degrees).

Operations

Salary Expenditure

$262k

2022 Salaries

11.5%

growth from 2021

In 2022, Cutting Edge Academy paid a median of $262k in salaries, a 11.5% growth from the previous year. This is compared to a 38.7% decline between 2020 and 2021, and a 18.7% growth between 2019 and 2020.

The median for similar is 668k (13.2% of overall expenditures).

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