FINANCING RECEIVABLES (Tables)

6 Months Ended

Dec. 31, 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 December 31, 2013 and 2012 (dollars in thousands).

	As of December 31,
	2013		2012
Gross Institutional Student Loans	$	62,187	$	55,108
Allowance for Credit Losses		(18,735)		(18,665)
Net Institutional Student Loans	$	43,452	$	36,443

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 December 31, 2013 and 2012. Loans are considered nonperforming if they are more than 120 days past due (dollars in thousands).

	As of December 31,
	2013		2012
Institutional Student Loans:
Performing	$	46,108	$	41,524
Nonperforming		16,079		13,584
Total Institutional Student Loans	$	62,187	$	55,108

Institutional Student Loans Past Due

							Greater
							Than						Total
	30-59		60-89		90-119		120						Institutional
	Days		Days		Days		Days			Total			Student
	Past Due		Past Due		Past Due		Past Due			Past Due	Current		Loans
Institutional Student Loans:
December 31, 2013	$	4,896	$	1,737	$	1,520	$	16,079	$	24,232	$	37,955	$	62,187
December 31, 2012	$	4,030	$	1,773	$	1,346	$	13,584	$	20,733	$	34,375	$	55,108