FINANCING RECEIVABLES (Tables)

12 Months Ended

Jun. 30, 2014

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 June 30, 2014 and 2013 (dollars in thousands).

	As of June 30,
	2014				2013
Gross Institutional Student Loans			$	66,005			$	61,104
Allowance for Credit Losses
Balance at Beginning of Period	$	(18,897)			$	(18,261)
Charge-offs		8,907				5,060
Recoveries		(719)				(715)
Additional Provision		(9,159)				(4,981)
Balance at End of Period				(19,868)				(18,897)
Net Institutional Student Loans			$	46,137			$	42,207

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 June 30, 2014 and 2013 (dollars in thousands).

	As of June 30,
	2014		2013
Institutional Student Loans:
Performing	$	50,701	$	46,622
Nonperforming		15,304		14,482
Total Institutional Student Loans	$	66,005	$	61,104

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:
June 30, 2014	$	4,179	$	1,836	$	2,463	$	15,304	$	23,782	$	42,223	$	66,005
June 30, 2013	$	3,785	$	1,646	$	1,140	$	14,482	$	21,053	$	40,051	$	61,104