by our College Data Analytics TeamBelow is federal data on the loans students use to pay for Cutting Edge Academy, including completion-adjusted borrowing and a standard repayment estimate. All figures come from the U.S. Department of Education and IPEDS.
Among first-year students at Cutting Edge Academy, 62% of incoming undergraduates borrow in year one, averaging $5,285 each — a figure that counts both private and federal student loans.
The typical federal loan comes to $5,285, which is 96.1% of the typical first-year dependent student borrowing cap of $5,500. Keep in mind the all-undergraduate averages further down count federal loans only, unlike this private-plus-federal freshman figure.
Counting every undergraduate at Cutting Edge Academy, 32% finance part of their studies with federal loans, with a mean of $6,124 annually. That amounts to 15.9% greater than the $5,285 freshmen take on.
Carrying that yearly figure forward comes to roughly $12,248 across two years and $24,496 over a four-year span. This projection keeps yearly federal borrowing flat and excludes private and Parent PLUS loans.
| Undergraduate federal borrowing | Value |
|---|---|
| Share using federal loans | 32% |
| Average federal loan per year | $6,124 |
| Undergraduates with a federal loan | 52 |
| Total federal loans (one year) | $318,436 |
The middle borrower at Cutting Edge Academy owes $8,444 of cumulative federal debt.
| Borrower group | Median federal debt |
|---|---|
| All federal borrowers | $8,444 |
| Students who completed (graduates) | $9,500 |
Repayment burden translates the debt figures into what a borrower actually pays each month. Cutting Edge Academy.
The breakdowns below show median federal debt by income, first-generation status, and dependency.
By Family Income
| Income tier | Median federal debt |
|---|---|
| Low income | $9,500 |
Dependent vs Independent Borrowers
| Cohort | Median federal debt |
|---|---|
| Dependent students | $5,500 |
| Independent students | $9,500 |
The Department of Education computes gap indicators that show how borrowing differs between student groups at Cutting Edge Academy.
The Difference Between Subsidized and Unsubsidized Loans
Unsubsidized federal student loans accrue interest every month — even while you are still enrolled. Unless you pay that interest as it builds, the balance you owe at graduation can be noticeably higher than the amount you originally borrowed.
Worth Knowing
Declaring bankruptcy does not erase federal student loan debt. If you stop paying, the federal government can garnish a portion of your wages until the loans are repaid.
References
More about our data sources and methodologies.