Education Loans Held-to-Maturity (Tables)

12 Months Ended

Jun. 30, 2013

Composition of Net Carrying Value of Education Loans Held-to-Maturity

The following table summarizes the composition of the net carrying value of our education loans held-to-maturity as of the dates indicated:

	June 30,
	2013			2012
	(dollars in thousands)
Gross loan principal outstanding	$	64,655		$	34,404
Allowance for loan losses		(1,659	)		(1,309	)
Education loans held-to-maturity, net of allowance	$	62,996		$	33,095

Loan Origination Metrics With Respect To Monogram-Based Programs Held at Union Federal

The following table represents our loan origination metrics with respect to our Monogram-based programs held at Union Federal at June 30, 2013 and June 30, 2012:

	June 30,
	2013			2012
Weighted-average FICO score		752			753
Co-signers		83	%		85	%
Delinquent loans		0.45	%		0.03	%

Additional Information on Status of Education Loans Outstanding

The following table provides additional information on the status of education loans outstanding:

	June 30, 2013		As a percentage of total			June 30, 2012		As a percentage of total
	(dollars in thousands)
Principal of loans outstanding:
In basic forbearance	$	439		0.7	%	$	171		0.5	%
In school and in deferment		22,948		35.5			14,781		43.0
In repayment, including alternative payment plans, classified as:
Current: £30 days past due		40,724		63.0			19,289		56.0
Delinquent: >30 days past due, but £120 days past due		355		0.5			109		0.3
Delinquent: >120 days past due, but £180 days past due		79		0.1			54		0.2
In default: >180 days past due, but not yet charged-off		110		0.2			—		—
Total gross loan principal outstanding	$	64,655		100.0	%	$	34,404		100.0	%
Non-accrual loan principal (>120 days past due)	$	189		0.3	%	$	54		0.2	%
Past due loan principal (>90 days, but £120 days past due still accruing interest)		121		0.2			11		—
In alternative payment plans		784		1.2			263		0.8