
	Balance, Beginning of Period		Charges to Expense⁽¹⁾		Amounts Written-off			Balance, End of Period
	(Dollars in thousands)
For the quarter ended September 30, 2011	$	78,053	$	14,078	$	(22,046	)	$	70,085

For the quarter ended September 30, 2010 ⁽²⁾	$	68,681	$	31,938	$	(18,831	)	$	81,788

For the year to date ended September 30, 2011	$	90,944	$	40,926	$	(61,785	)	$	70,085

For the year to date ended September 30, 2010 ⁽²⁾	$	53,334	$	77,870	$	(49,416	)	$	81,788

(1)	Charges to expense include an offset for recoveries of amounts previously written off of $2.0 million for both quarters ended September 30, 2011 and 2010, and $7.3 million and $7.7 million for the years to date ended September 30, 2011 and 2010, respectively.

(2)

In the first and third quarters 2010, we increased the reserve rates applied to outstanding student receivables balances attributable to our extended payment plan programs and our previously terminated recourse loan program. As a result, we recorded pretax expense of $8.1 million and $8.3 million during the first and third quarters 2010, respectively. The bad debt reserve rates are continually reviewed for appropriateness based upon historical data as it becomes available.