FINANCING RECEIVABLES (Tables)

3 Months Ended

Sep. 30, 2013

Institutional Loan Balances and Related Allowances for Credit Losses

The following table details the institutional loan balances along with the related allowances for credit losses as of September 30, 2013 and 2012 (dollars in thousands).

	As of September 30,
	2013		2012
Gross Institutional Student Loans	$	64,023	$	56,106
Allowance for Credit Losses		(19,476)		(18,145)
Net Institutional Student Loans	$	44,547	$	37,961

Credit Risk Profiles of Institutional Student Loan Balances

The following tables detail the credit risk profiles of the institutional student loan balances based on payment activity and provide an aging analysis of past due institutional student loans as of September 30, 2013 and 2012. Loans are considered nonperforming if they are more than 120 days past due (dollars in thousands).

	As of September 30,
	2013		2012
Institutional Student Loans:
Performing	$	47,670	$	42,008
Nonperforming		16,353		14,098
Total Institutional Student Loans	$	64,023	$	56,106

Institutional Student Loans Past Due

	30-59  Days  Past Due		60-89  Days  Past Due		90-119  Days  Past Due		Greater  Than  120 Days  Past Due		Total  Past  Due	Current		Total  Institutional  Student  Loans
Institutional Student Loans:
September 30, 2013	$	4,283	$	1,725	$	2,068	$	16,353	24,429	$	39,594	$	64,023
September 30, 2012	$	3,876	$	1,579	$	1,330	$	14,098	20,883	$	35,223	$	56,106