Financial aid at Summit School is determined by the Financial Aid Committee using a completed Parents' Financial Statement (PFS) from the School and Student Service for Financial Aid (SSS). The SSS uses a standardized calculation that considers various factors to determine your family's contribution to educational expenses. These factors include gross taxable and non-taxable income, assets, liabilities, family size, and the number of students in tuition-charging schools or colleges. After accounting for basic necessities and required taxes, the remaining funds are considered available for education on a sliding scale. It's important to note that Summit financial aid is need-based only, and the awards are direct grants that do not need to be repaid. These grants are not intended to cover 100% of the cost of attendance and are available for families with students in grades JrK-9th.