Cutting Edge Academy

www.cuttingedgeacademynj.com

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2023 Average Net Price
$29,150
After Financial Aid
2020 Default Rate
0%
on Student Loans
2023 Enrolled Students
94
66% Full-Time

About

Cutting Edge Academy is a higher education institution located in Morris County, NJ. In 2023, the most popular 1 to 2 Year Postsecondary Certificate concentrations at Cutting Edge Academy were General Cosmetology (32 degrees awarded) and Barbering (20 degrees).

In 2023, 54 degrees were awarded across all undergraduate and graduate programs at Cutting Edge Academy. 63% of these degrees were awarded to women, and 37% awarded men. The most common race/ethnicity group of degree recipients was white (30 degrees), 1.67 times more than then the next closest race/ethnicity group, hispanic or latino (18 degrees).

In 2020 the default rate for borrower's at Cutting Edge Academy was 0%, corresponding to 0 out of the 39 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 $29,150.

In 2023, 46% of undergraduate students attending Cutting Edge Academy received financial aid through grants. Comparatively, 48% of undergraduate students received financial aid through loans.

Average Net Price

$29,150
2023 Value
0.607%
1 Year Growth

In 2023 Cutting Edge Academy had an average net price — the price paid after factoring in grants and loans — of $29,150. Between 2022 and 2023, the average net price of Cutting Edge Academy grew by 0.607%.

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.

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Financial Aid by Income Level

46%
Undergraduates Receiving Financial Aid through Grants
48%
Undergraduates Receiving Financial Aid through Loans

46% of undergraduate students at Cutting Edge Academy received financial aid through grants or loans in 2023. This represents a growth of 21.1% with respect to 2022, when 38% 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.

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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.
0%
2020 Default Rate
0
Number of Defaults

In 2020 the default rate for borrower's at Cutting Edge Academy was 0%, which represents 0 out of the 39 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.

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Enrollment

Cutting Edge Academy had a total enrollment of 94 students in 2023. The full-time enrollment at Cutting Edge Academy is 62 students and the part-time enrollment is 32. This means that 66% of students enrolled at Cutting Edge Academy are enrolled full-time.

The enrolled student population at Cutting Edge Academy, both undergraduate and graduate, is 60.6% White, 26.6% Hispanic or Latino, 4.26% Black or African American, and 1.06% Asian.

Students enrolled at Cutting Edge Academy in full-time Undergraduate programs are most commonly White Female (58.5%), followed by Hispanic or Latino Female (17.9%) and White Male (7.55%).

Full-Time vs Part-Time Enrollment

66%
Full-Time Enrollment

The total enrollment at Cutting Edge Academy in 2023, both undergraduate and graduate, is 94 students. The full-time enrollment at Cutting Edge Academy is 62 and the part-time enrollment is 32.

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

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Retention Rate over Time

94%
2023 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 94%.

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

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Enrollment by Race & Ethnicity

Most Common Race or Ethnicity (2023)
  1. White
    57 enrolled students
  2. Hispanic or Latino
    25 enrolled students
  3. Black or African American
    4 enrolled students

The enrolled student population at Cutting Edge Academy is 60.6% White, 26.6% Hispanic or Latino, 4.26% Black or African American, and 1.06% 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, 4 students (4.26%) did not report their race.

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Graduates

In 2023, 14 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 (30 degrees awarded). There were 1.67 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 (32 degrees awarded), followed by Barbering (20 degrees).

In 2023,  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 (54 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 (7,906 people), Cooks (2,655 people), Morticians, undertakers, & funeral directors (2,587 people), Food service managers (2,017 people), and Customer service representatives (1,079 people).

The most specialized majors at Cutting Edge Academy in 2023 are Personal & Culinary Services (54 degrees awarded) (as of 2023).

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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 (54 degrees awarded) (as of 2023).

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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 (54 degrees awarded) (as of 2023).

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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 (2023)
  1. General Cosmetology
    32 degrees awarded
  2. Barbering
    20 degrees awarded

In 2023, the most common 1 to 2 year postsecondary certificate concentration at Cutting Edge Academy was General Cosmetology with 32 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.

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Sex Breakdown for Common Majors

20
Degrees Awarded to Men
in 2023
34
Degrees Awarded to Women
in 2023

In 2023, 20 degrees were awarded to men at Cutting Edge Academy, which is 0.588 times less than the number of degrees awarded to females (34).

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

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Most Common Male Majors

In 2023, 17 degrees were awarded to men at Cutting Edge Academy in Barbering, which is 5.67 times more than the 3 female recipients with that same degree.

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Most Common Female Majors

In 2023, 29 degrees were awarded to men at Cutting Edge Academy in General Cosmetology, which is 9.67 times more than the 3 male recipients with that same degree.

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Time to Complete

6%
100% Completion Time
88%
150% Completion Time

In 2023, 6% of students graduating from Cutting Edge Academy completed their program within 100% "normal time" (i.e. 4 years for a 4-year degree). Comparatively, 88% completed their degrees within 150% of the normal time, and 88% 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.

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Race & Ethnicity by Share

Most Common Student Race or Ethnicity (2023)
  1. White
    30 degrees awarded
  2. Hispanic or Latino
    18 degrees awarded
  3. Black or African American
    3 degrees awarded

The most common race/ethnicity at Cutting Edge Academy is white (30 degrees awarded). There were 1.67 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.

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Race & Ethnicity by Sex

Most Common Sex Demographic (2023)
  1. White Female
    22 degrees awarded
  2. Hispanic or Latino Female
    10 degrees awarded
  3. White Male
    8 degrees awarded

The most common race/ethnicity and sex grouping at Cutting Edge Academy is white female (22 degrees awarded). There were 2.2 times more white female recipients than the next closest race/ethnicity group, hispanic or latino female (10 degrees).

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Operations

Salary Expenditure

$437k
2023 Salaries
66.9%
growth from 2022

In 2023, Cutting Edge Academy paid a median of $437k in salaries, a 66.9% growth from the previous year. This is compared to a 11.5% growth between 2021 and 2022, and a 38.7% decline between 2020 and 2021.

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

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