Financial Aid Terms and Conditions
Students who receive need-based financial assistance from their school are eligible to receive similar aid for the Summit course. Summit matches the percentage of need-based financial aid offered by the school and applies it to the total cost of the course, however, all students are subject to a non-refundable, minimum course fee as outlined in your registration packet.
Please note that only the student’s financial aid from the school, and no other sources, will be considered when calculating matching aid. Upon registration, students are required to pay the non-refundable course fee. Once we receive confirmation of financial assistance from your school, we will calculate a final course fee and bill you for any balance due.
- Student A receives financial aid and registers for a $700 course using the financial aid coupon code during checkout, which prompts a payment of a $150 non-refundable course fee. Summit then contacts the school to verify the percentage of need-based financial aid that is awarded towards tuition. The school discloses that the student receives 30% aid, so the student’s final cost of the Summit course is 70% of the $700, or $490. Student A has already paid the $150 non-refundable course fee so the additional balance due is $340 ($490 – $150 = $340 due).
- Student B receives a different level of financial aid from the school. During registration for the $700 course, the student uses the financial aid coupon code during checkout, which prompts a payment of a $150 non-refundable course fee. Summit then contacts Student B’s school to verify the percentage of need-based financial aid that’s awarded towards tuition. The school informs Summit that Student B receives 100% aid from the school, so the cost of the course for the student is the $150 non-refundable course fee that has already been paid upon registration.
Financial aid processing can take several weeks. Please call us with any questions.