STUDENT RECEIVABLES (Tables)

6 Months Ended

Jun. 30, 2023

The following table presents the amortized cost basis of student receivables as of June 30, 2023 by year of origination.

			June 30, 2023
	Student		Three Months Ended		Six Months Ended
Year	Receivables (1)		Write-Off’s (2)		Write-Off’s (2)
2023	$	53,823	$	-	$	-
2022		20,331		7,916		14,246
2021		8,865		939		2,027
2020		3,935		210		385
2019		2,662		178		387
Thereafter		1,545		96		159
Total	$	91,161	$	9,339	$	17,204

(1)	Student receivables are presented gross and only relate to amounts owed directly from the individual student. These receivables do not include amounts owed relating to federal subsidy or from corporate partnerships.

(2)	Write-off amounts included only relate to the three months and six months ended June 30, 2023.

Allowance for Credit Losses

We define student receivables as a portfolio segment under ASC Topic 326. Changes in our current and non-current allowance for credit losses related to our student receivable portfolio are calculated in accordance with the guidance effective January 1, 2023 under CECL for the three months and six months ended June 30, 2023.

	Three Months Ended			Six Months Ended
	June 30,			June 30,
	2023			2023
Balance, beginning of period	$	46,599		$	35,370
Cumulative effect of ASC 326		-			10,841
Adjusted beginning of period balance		46,599			46,211
Provision for credit losses		10,347			18,600
Write-off’s		(9,339	)		(17,204	)
Balance, at end of period	$	47,607		$	47,607