Financial Policy
Summit International School of Ministry, Inc. (“Summit”) is a non-accredited 2-year School of Ministry. Summit does not participate in Financial Aid programs or Federal Student Loans. However, in addition to the automatic reduction in tuition rate given to every student, Summit has several options to assist students and their families with financing while the student is enrolled. These options include:
· Payment plans
· Scholarships/Grants
· Work-Study program
By accepting admission to attend Summit, the student and or their guarantor(s) are accepting full responsibility for the payment of all tuition and all other related fees when due.
PROCEDURES AND REGISTRATION:
On arrival at Summit’s campus on registration day students will be directed to the Finance Department to pay the required tuition and all other school fees for enrollment, if not already paid. All tuition and school fees must be paid, or payment arrangements made, before students can register for and attend classes and enter the dormitory. If a student arrives on Summit’s campus on registration day and is unable to pay the required fees, or make payment arrangements, the student will not be considered enrolled for the semester and will not be permitted to attend class or move into the dormitories. Each semester must be paid in full before a student can be permitted to enroll into the next semester. Failure to pay tuition or other associated school costs on time may deter the student from participating in school events or activities including but not limited to Missions Week, Summit Internship Positions, and/or Graduation. Repeated non-payment may result in dismissal from Summit and future withholding of transcripts or diploma.
PAYMENT PLAN OPTION:
Summit works with each student on an individualized basis to make the payment process as simple as possible and ensure that each student has a chance to reap the benefits of a full Summit experience. To help ease the financial burden, a Payment Plan is available to students upon request. If the student is approved for a Payment Plan, the first payment is due on or before registration day. If this first payment is not paid on or by registration day, the student will not be considered enrolled for the semester and will not be permitted to attend class or move into the dormitories. Payments will be due each month (September through April). Payments can be conveniently made by cash, check, money order, or online via credit card at summitpa.org. If writing a check, please make sure student’s name is included in the memo line. Please make checks payable to Summit and mail to the address below:
Summit International School of Ministry Attn: Finance Office 74 Harrison School Road Grantville, PA 17028
Payment plans require a guarantor that will act as a co-signer and agree to assume financial responsibility should the student become unable to fulfil their financial obligations to Summit. Guarantor forms will be sent to students that request a payment plan. This form is required to be submitted to the school’s finance office on or before fall registration. If the student requests a payment plan and does not have a
guarantor, a copy of his or her credit card must be given at registration. This credit card information will be stored securely in our finance office and charged in the event payment is passed due.
SCHOLARSHIPS:
There are several scholarships available to students. Please visit Summit’s website (summitpa.org) which lists the criteria for each scholarship. The awarded scholarship is credited to the student’s account per semester. If the student does not maintain the required criteria for the scholarship, the scholarship will not be awarded for the following semester. Please note that a scholarship application must be submitted with required supporting financial documentation before the Scholarship Committee will review the application. WORK STUDY PROGRAM: A limited number of work-study student positions are available each year on campus. The minimum number of work hours per week a student is asked to work is three and the maximum number of work hours per week is ten. Work study positions are paid minimum wage in Pennsylvania and paid bi-weekly via payroll. RECEIPT OF PAYMENT/QUICKSCHOOLS PROGRAM: All student payments for school fees are recorded into our school management system called QuickSchools. Each payment is credited to the student’s account. Receipts of payment and financial statements are available through each student’s QuickSchools account. If students have questions regarding their tuition balance or financial statements, they can contact the Finance Department.
STUDENT WITHDRAWL/ RELEASE:
A student who withdraws from Summit or is released by the school within the 1st month will be refunded 50% of the housing and meal plan fees. The following fees are non-refundable: tuition, registration, student life, technology-library, ministry, facilities and equipment A student who withdraws from school or is released by the school in the 2nd month will be refunded 25% of the housing and meal plan fees. Refunds will be mailed to the student’s home within two weeks of the withdrawal date or will be refunded to the appropriate donor/sponsor. There will be no refund given after the second month of enrollment.
DORM DEPOSIT:
There is an annual dorm/housing deposit due on or before fall registration. This deposit is for cleaning and any damage incurred. Dorm rooms will be checked at the end of each semester for damages. Refunds will be mailed at the end of the year after the housing/rooms are inspected by supervisors and checkout sheets are returned to the office. For students planning to continue living in the residence halls the following year, the deposit will be held over.
INTERNATIONAL STUDENTS:
There is a standard I-20 processing fee required of each international applicant. The processing fee amount can be found online at summitpa.org on the “Tuition and Fees” page.