Newsday.com reports that Cherry Hill, N.J. police and school officials are investigating claims surrounding a student hacking scheme at Cherry Hill East High School. Some believe that students paid a classmate to hack into the school’s computer system in order to change their transcripts. On Wednesday, The Philadelphia Inquirer cited an unnamed source familiar with the investigation who said that the student gained access to a password that granted him entry to the school’s system and changed five transcripts in exchange for money…