by our College Data Analytics TeamA large number of students will not be asked to pay the advertised price of a school. Instead, they will be provided a financial aid package that will include a combination of scholarships, grants, loans, and work-study. The price tag of going to Cutting Edge Academy can appear overpowering, but remember that the majority of students obtain some kind of financial assistance.
What financial aid options can Cutting Edge Academy offer you, and what will you qualify for? Keep reading for more information. Keep going to find out how much school funding will be available to you.
The amount of financial aid you can receive varies from person to person and will depend on your family’s economic situation. The information provided on this page can help you determine how much aid you may receive from Cutting Edge Academy.
Colleges use loans, grants, scholarships and work-study to minimize what students actually pay out of pocket. Keep in mind that certain forms of assistance are more beneficial than others, and aid amounts differ from student to student.
Looking at the entering class at Cutting Edge Academy, 86% of first-time, full-time freshmen received some form of financial aid (about 18 first-years).
| Type of Aid | % of Freshmen Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 67% | $8,587 |
| Institutional grants & scholarships | 0% | — |
| Federal Pell grants | 67% | $6,391 |
| State/local grants | 19% | $7,684 |
| Federal student loans | 62% | $5,285 |
The best aid is gift aid: grants and scholarships that carry no repayment obligation. Across the undergraduate body at Cutting Edge Academy, approximately 32% of undergraduates were awarded grant or scholarship aid averaging $6,814 (covering around 53 students).
| Award | % of Undergrads Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 32% | $6,814 |
| Federal Pell grants | 32% | $5,512 |
| Federal student loans | 32% | $6,124 |
For students living on campus and receiving title-IV aid, grants averaged $6,158.
Because need-based aid scales with family income, what students actually pay differs sharply across income brackets.
| Family Income | Average Net Price |
|---|---|
| $0 – $48,000 | $30,484 |
Each figure is the net price after grants and scholarships, not the published sticker price.
The net price strips out grant and scholarship aid from the sticker price to show roughly what families really pay.
| Cohort | Average Net Price |
|---|---|
| On-campus title-IV students | $31,106 |
| Off-campus title-IV students | $30,484 |
To get a personalized net price estimate, try Cutting Edge Academy’s net price calculator: www.cuttingedge-nj.com/net-price-calculator/.
Graduating students at Cutting Edge Academy carry a median federal student debt of $8,444 of federal student loans.
| Metric | Amount |
|---|---|
| Median federal debt (all student-aid borrowers) | $8,444 |
| Median federal debt (graduates only) | $9,500 |
| Typical 10-year monthly payment (graduates) | $100.72/mo |
Under a standard ten-year plan, the median graduate’s monthly payment lands near the figure above.
The figures below break down median federal debt by income tier, first-generation status, and dependency.
Median Debt by Income Bracket
| Income tier | Median federal debt |
|---|---|
| Low income | $9,500 |
Dependent vs Independent Students
| Cohort | Median federal debt |
|---|---|
| Dependent students | $5,500 |
| Independent students | $9,500 |
A handful of calculated indicators summarize the debt outlook at Cutting Edge Academy.
The Stafford loan program is the largest source of federal direct loans to undergraduates. The aggregate figures below show how active the program is at Cutting Edge Academy:
| Metric | Value |
|---|---|
| Stafford loan recipients | 222 |
| Total Stafford loan amount | $1,664,848 |
If you are a veteran or active-duty service member, the GI Bill and DoD Tuition Assistance are the primary federal programs you can use at this school.
Post-9/11 GI Bill recipients
| Metric | Value |
|---|---|
| GI Bill recipients | 1 |
| Total GI Bill amount | $16,675 |
| Average GI Bill amount per recipient | $16,675 |
References
More about our data sources and methodologies.