FINANCING RECEIVABLES (Tables)

9 Months Ended

Mar. 31, 2016

Receivables [Abstract]

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 March 31, 2016 and 2015 (in thousands).

	As of March 31,
	2016				2015
Gross Institutional Student Loans			$	71,915			$	67,199
Allowance for Credit Losses
Balance at Beginning of Period	$	(20,630)			$	(19,868)
Charge-offs and Adjustments		6,290				7,798
Recoveries		(141)				(618)
Additional Provision		(5,691)				(7,193)
Balance at End of Period				(20,172)				(19,881)
Net Institutional Student Loans			$	51,743			$	47,318

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 March 31, 2016 and 2015 (in thousands).

	As of March 31,
	2016		2015
Institutional Student Loans:
Performing	$	52,775	$	49,573
Nonperforming		19,140		17,626
Total Institutional Student Loans	$	71,915	$	67,199

Institutional Student Loans Past Due

							Greater						Total
	30-59		60-89		90-119		Than 120						Institutional
	Days Past		Days Past		Days Past		Days Past		Total Past				Student
	Due		Due		Due		Due		Due		Current		Loans
Institutional Student Loans:
March 31, 2016	$	5,882	$	2,896	$	1,130	$	19,140	$	29,048	$	42,867	$	71,915
March 31, 2015	$	4,321	$	1,554	$	1,217	$	17,626	$	24,718	$	42,481	$	67,199