Payment Plan Details

The enrollment contract and tuition become binding May 31 each year. After May 31, parents are obligated to pay the entire tuition, whether or not their child completes the school year.

Upon enrollment, families are given the option to purchase the Tuition Refund Plan. This plan is a unique form of insurance originated by a third party insurer, Dewars, to provide families the opportunity to protect their tuition investment at Summit School. The program refunds a portion of the unused annual tuition and insured fees when students are withdrawn or dismissed for covered reasons.

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 $45.
• 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 $45.