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.
2023 STO qualifying calculations are as follows:
Number in household Fed. Poverty Level 400% poverty level
|2 in household
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. 2024 levels are expected in early 2024.
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.