Summit offers financial aid from two pools: income-based and special case-based. Financial Aid applications are considered in each pool.
Income-Based Financial Aid:
Summit, together with Scattergood Friends School, is part of the Independent School Association of Eastern Iowa School Tuition Organization, Inc. (EISTO). Our STO enables us to provide funding to eligible families whose income during the previous calendar year (determined by most recently completed tax information) does not exceed an amount equal to four times the most recently published federal poverty guidelines so that their children can attend Summit. This can vary each year.
2021 STO qualifying calculations are as follows:
|Number in Family
The EISTO is a 501(c)3 organization formed to help qualifying families who seek a private education for their children that otherwise may be financially out of reach. As such, STOs are charitable organizations created to receive cash contributions from individual Iowa tax payers, and then allocate those funds to eligible families who attend accredited non-public schools represented by the STO. The amount of funds an STO is allowed to raise each year is based on the certified enrollments of each school in the STO and determined by the state of Iowa.
Special Case-Based Financial Aid:
Summit recognizes that from time to time, families may experience financial hardships. We try to raise funds specifically for these times. It is never guaranteed that these funds will be available from year to year.
Tuition was lowered significantly in 2020 in an effort to try to match what the market could bear for tuitions. As a financial aid committee, it is our goal to offer a financial aid award that adjusts tuition within 10% of the family’s AGI.
Summit’s Financial Aid Application may be emailed or dropped off at the school. The Financial Aid deadline is Friday, February 12, 2021. After that date, applications are considered on a case-by-case basis. We encourage you to apply early, although we do reserve some funding for late admits.