FINANCING RECEIVABLES (Tables)

3 Months Ended

Sep. 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 September 30, 2014 and 2013 (dollars in thousands).

	As of September 30,
	2014				2013
Gross Institutional Student Loans			$	67,174			$	64,023
Allowance for Credit Losses
Balance at Beginning of Period	$	(18,914)			$	(18,958)
Charge-offs		1,381				1,041
Recoveries		(269)				(198)
Additional Provision		(1,810)				(1,361)
Balance at End of Period				(19,612)				(19,476)
Net Institutional Student Loans			$	47,562			$	44,547

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, 2014 and 2013 (dollars in thousands).

	As of September 30,
	2014		2013
Institutional Student Loans:
Performing	$	49,952	$	47,670
Nonperforming		17,222		16,353
Total Institutional Student Loans	$	67,174	$	64,023

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, 2014	$	5,136	$	2,171	$	1,426	$	17,222	$	25,955	$	41,219	$	67,174
September 30, 2013	$	4,283	$	1,725	$	2,068	$	16,353	$	24,429	$	39,594	$	64,023