Affording Summit

An independent school is a true investment in your child. The faculty, staff, administration and board at Summit feel privileged each day to live our mission: Summit School provides a challenging curriculum within a caring environment to help students develop their full potential. Summit has more than 80 years with a history of excellence and innovation that inspires us to challenge and support each child.

Independent schools allow parents and children to decide what they want from a school, and then find a school that has a mission – the school’s philosophy, values and approach to teaching – that meets those needs.

Independent in governance meaning that the school is organized as not-for-profit and is governed by a self-perpetuating board of directors. Independent in finance meaning that the school charges tuition and raises money to operate, as opposed to being supported primarily by public monies or religious subsidies.

At an independent school, the staff, the parents, and the students share a belief system about education, and the resulting synergy among parents and educators creates a learning experience superior to schools not mission-driven.

No less important is the fact that independent schools operate under the highest method of accountability: since no family is compelled to select an independent school, if the school fails in its mission, any family can leave that school and choose another option for their child. Independent schools can only survive if they are extraordinarily successful at achieving their mission.

At Summit, our educators’ daily work with children, families and colleagues creates habits of mind that our students carry with them the rest of their lives. The Summit experience transforms students through our enduring, stable values which bring to life our fundamental commitment to inspiring learning.

Tuition

2017-2018 Tuition

GradeTuitionBooksLunch/SnackYearbook
JK12,90097565
KG15,50097565
120,10028097565
220,10028097565
320,10028097565
420,60028097565
520,60028097565
622,67528097565
722,67528097565
822,67528097565
922,67528097565
TA30,00097565
Transitional Fee7,000

LUNCH: As part of our program, students in grades JK-9 eat school lunches prepared in one of our two dining rooms. All students are provided a mid-morning snack.

Payment Plans

Summit offers four payment plans for tuition. The school administers student account payments through the FACTS Management Company. There is a nominal annual fee associated with the various payment plans listed below. The annual fee is waived for those choosing the single or two payment plan.

  • Single payment of full tuition and fees due upon receipt of the July 1 statement. Those choosing the single pay option will receive a credit of 1% as a discount against tuition. Credit will be reflected on the July billing statement. The annual FACTS tuition management fee will be waived for this option. This option is available to families enrolling prior to July 1 and who complete contracts by the due date.
  • Two payments: ½ tuition and fees due upon receipt of July 1 statement and ½ tuition and fees due upon receipt of December 1 statement. The annual FACTS tuition management fee will be waived for this option.
  • Four payments: ¼ tuition and fees due upon receipt of each of the following statements: July 1; September 1; December 1; March 1, plus the annual FACTS tuition management fee of $41.
  • Monthly Installments: Ten monthly payments plan administered by FACTS. Payments will be automatically drafted on the designated monthly payment due date, plus the annual FACTS tuition management fee of $41.

Enrollment Contract

  • The enrollment contract and tuition become binding July 1 each year. After July 1, parents are obligated to pay the entire tuition, whether or not their child completes the school year.

Philanthropic Gifts

  • Gifts to the Annual Fund help to offset the cost of tuition and the full cost of educating a student at Summit. All gifts are considered charitable contributions and are fully tax-deductible. Find out more here.

Additional Services & Fees

Additional Services and Fees

Before and Afterschool Care: Summit provides supervised afternoon programs and activities for students in junior kindergarten through grade 6. Early morning care is from 7:00 am - 8:00 am. Afternoon care is from dismissal until 5:45 pm. Priority is given to children of working parents. Rates and registration will open July 1.

School Bus Transportation: The school provides bus service between home and school for an extra fee to areas where there is sufficient demand. Please contact Andy Fansler at 721-0540 x1004 or afansler@summitmail.org.

Sports Transportation: Upper School students who participate in after school sports pay a Transportation Fee of $100 per season (fall, winter, spring).


Financial Assistance

The school is able to offer assistance to students with demonstrated financial need, as determined by The School and Student Service (SSS) for Financial Aid, a service of the National Association of Independent Schools (NAIS). A family seeking financial aid should make it known at the start of the admissions process.

The financial aid application process will be explained during the Parent Visit. You may download a copy of the Parents' Financial Statement here or find it online at http://sss.nais.org/parents. The SSS system opens on November 1, 2016 for the 2017-2018 school year.

Summit School welcomes admission applications at any time of year. We encourage all applicants to apply as early as possible for the following academic year. In particular, applicants considering financial aid are encouraged to apply for admission by December of the prior year.

As of April 15, 2016, our Financial Assistance budget is very limited. Please inquire with the Admission Office.



Purpose of financial aid

Financial Aid and Tuition Assistance enables Summit School to enroll students with promise who would not otherwise have access to an independent school education because of financial constraints. The extension of aid makes our school more accessible and affordable, fostering a more diverse school community.

Summit financial aid is need-based only. We do not offer merit scholarships.

We believe the primary financial responsibility for a child's education rests with the parents to the full extent that they are able. All families are expected to contribute to the cost of their student's education.

Summit awards are direct grants; they do not need to be repaid. Grants of financial aid are not intended to cover 100% of the cost of attendance at Summit School. The program assists families in grades JrK-9th.

Summit School works with School and Student Services (SSS) by the National Association of Independent Schools (NAIS) to determine financial assistance. More information and applications are found online at sss.nais.org/parents. The SSS system opens on November 1, 2016 for the 2017-2018 school year.


How is financial aid determined?

The Financial Aid Committee at Summit uses a completed Parents' Financial Statement designed by the School and Student Service for Financial Aid (SSS) to help us determine your family's contribution to educational expenses. We use the standardized calculation by SSS as an initial guide in determining your child's aid. This system considers gross taxable and non-taxable income, assets, liabilities, family size and the number of students in tuition-charging schools or colleges. After an allowance for basic necessities and required taxes, the remaining funds are considered available for education on a sliding scale.


How do I begin the process?

For families new to Summit, the process begins with a conversation with the Director of Admissions at the beginning of the admission process.

The financial aid process is a separate process with an online application found at sss.nais.org/parents. The SSS system opens on November 1, 2016 for the 2017-2018 school year.

SSS provides many resources for parents including these:

Please note: Applying for Financial Aid must happen in conjunction with an application for Admission to the school. Financial Aid awards are made only after acceptance to the school.

For families currently enrolled at Summit, please notify Carter Sturkie (Director of Finance and Operations, phone: 336-722-2777, ext. 185 or email csturkie@summitmail.org). If you subsequently decide NOT to apply for aid, please notify Cindy Kluttz (Director of Admissions phone: 336-722-2777, ext. 633 or email admissions@summitmail.org).


Financial Aid Timetable

November 1
SSS online system opens

January 6 or before
SSS forms due on-line or by mail to Summit

W-2's due to Summit (awards will not be made without 2016 W-2's)

New families may submit 2015 Tax Returns until 2016 are available

February 13
Online re-enrollment for currently enrolled families

April 15 or before
2016 Tax Returns due to Summit or uploaded to SSS

March 9, April 6 and May 4
Enrollment contracts and notification of financial aid awards e-mailed to new families


What forms must we complete?

  • SSS application
  • W2 forms
  • federal and state tax returns and all schedules or accompanying documents*
  • property tax statements
  • financial statements
  • trust agreements
  • business tax returns and schedules (also IRS Form 4506)
  • other documents which might be helpful in fairly determining level of need.

*If a family is filing their tax return late, they are required to submit IRS Form 4868 – Request for Automatic Extension - by March 15. This form contains an estimate of income and taxes due. Once available, a copy of Form 1040 will be required.

Financial aid may be withheld from families or students who have not been timely in completing the required financial aid forms, paying their account, or who are not meeting acceptable standards of academic performance or behavior, provided however, that students receiving financial aid will not be held to a different behavioral or academic standard than other students who are not receiving financial aid.


Only one parent works outside the home. Must both parents be employed to receive financial aid from Summit?

In general, yes, if all children in the family are in school. However, if one parent is unable to work, that is not held against them. In cases where there is no clear reason for a parent not working, then the committee will impute income for that parent.


I have decided to go back to school while my child is at Summit. Will it affect my financial aid?

Quite possibly. We assume that a parent who is enrolled in school has arranged to fund his or her education without diminishing their ability to contribute to the cost of their child's education.


I am divorced, or no longer living with my child's other parent. Will Summit still expect that person to be part of my application for financial aid?

Yes. Summit School expects parents to pay the educational costs for their children to the full extent they are financially able. This principle applies to all parents, even those who are separated or divorced.

Summit is not bound by, and will not honor, any decrees, agreement, or legal document excusing a parent from financial responsibility for a child's education. Nor will Summit be bound by a parent who has disclaimed financial responsibility for the student. In the event that a custodial parent and child has no contact with the child's non-custodial parent for the past two years, a letter of confirmation, addressed and sent to the Financial Aid Committee, is requested from a third party/individual (lawyer, minister, etc.).

We are also aware that circumstances differ widely among separated or divorced parents and urge you to contact the Admissions Office if such information cannot be provided.


I may remarry or establish a permanent relationship with another adult. Will that person's financial circumstances be considered in the financial aid allocation for my child?

Yes, the addition of another adult into a household generally changes its financial picture to a considerable extent. In the school's view, your resources and expenses, including those for education, become family resources and expenses, just as those of your new partner become part of the family financial picture. We will ask you to complete the Parents' Financial Statement together, providing information pertinent to the new family unit and appropriate tax documentation, realizing at the same time that change of this sort can be emotionally difficult and require a period of adjustment.


Is it true that a family of 4 must earn less than $150,000 to qualify for financial aid?

Not necessarily. It depends on many factors, notably how many tuitions/childcare costs are being supported and what other aspects there are to the family. For a single tuition, a 15 percent guideline has worked in the past (take 15 percent of gross income and compare to tuition—if 15 percent is lower, then apply for financial aid). If a family earns over $150,000, it is unlikely they will qualify for more than a small award, if at all.


Confidentiality Statement

Summit School will treat as confidential all financial information provided by families. Only those persons directly involved in the financial aid decision-making process or in its administration will review this information. The identity of all students on financial aid will be held in confidence and restricted to the smallest number of persons possible.

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