The Cutting Edge Academy reported a 2.3% tuition increase for the 2022-23 school year, based on the most recent disclosure, according to the latest disclosure from the National Center for Education Statistics.
Students enrolled at the private, for-profit institution paid $16,135 this year, which is $360 higher than the $15,775 tuition charged during the 2021-22 academic year.
The entire undergraduate student body at the school consists of residents from New Jersey.
Data indicates that 83% of full-time undergraduates who began their studies at the Cutting Edge Academy in 2022-23 received some form of financial aid. Specifically, 17 students were awarded grants or scholarships totaling $118,714, while 19 students obtained student loans exceeding $145,496.
Across all undergraduates, 67 students received grants or scholarships amounting to $401,974. Additionally, 71 students borrowed a total of $529,157 in federal student loans.
Undergraduate education costs have seen a significant increase over the past few decades. Data shows a 169% rise in the average total cost, including tuition, fees, room, and board, between 1980 and 2020.
According to a 2023 College Board report, in-state students at public universities paid an average of $11,260, while out-of-state students paid $29,150 in the 2023-24 academic year.
Meanwhile, student loan debt has steadily increased over the last 30 years, reaching $1.75 trillion in 2024, averaging a total of $28,950 per borrower. Federal loans make up 92% of the debt, with over half of students at both public and private four-year colleges graduating with student loans.
Available data sometimes exceeds 100% due to rounding and administrative calculations.
The following data includes only full-time students who began an undergraduate program at the the Cutting Edge Academy in the 2022-23 school year.
| Type of Aid | Number of students awarded aid | Percent awarded aid | Total amount of aid awarded | Average amount of aid per student |
|---|---|---|---|---|
| Federal grants | 17 | 71% | $106,714 | $6,277 |
| State / local grant or scholarship | 0 | 8% | $0 | $0 |
| Institutional grants or scholarships | 0 | 0% | $0 | $0 |
| Grant or scholarship aid total | 17 | 71% | $118,714 | $6,983 |
| Federal student loans | 19 | 79% | $145,496 | $7,658 |
| Other student loans | 0 | 0% | $0 | $0 |
| Student loan aid | 19 | 79% | $145,496 | $7,658 |
| Total student aid | 20 | 83% | $264,210 | $13,210 |
Information in this story was obtained from the National Center for Education Statistics. The source data can be found here.
