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STUDENT RECEIVABLES (Tables)
 12 Months Ended
Dec. 31, 2025
STUDENT RECEIVABLES [Abstract]  
Student Receivables
The following table presents the amortized cost basis of student receivables as of December 31, 2025 and 2024 by year of origination.
 
                    
 

Year Ended December 31, 2025    

Year Ended December 31, 2024  
 
Year
   
Student
Receivables
(1)
      
Write-Off's
(2)
 
Year
   
Student
Receivables
(1)
      
Write-Off's
(2)
 
2025
  $95,668 
2025
  $16,174 
2024
  $96,459 
2025
  $12,970 
2024
   16,450 
2024
   31,821 
2023
   14,231 
2024
   26,345 
2023
   8,224 
2023
   3,109 
2022
   6,815 
2023
   3,216 
2022
   3,890 
2022
   1,097 
2021
   3,999 
2022
   1,311 
2021
   2,133 
2021
   633 
2020
   1,597 
2021
   540 
Prior
   1,241 
Prior
   477 
Prior
   1,401 
Prior
   435 
Total
  $127,606 
Total
  $53,311 
Total
  $124,502 
Total
  $44,817 
 
(1)  Student receivables are presented on a gross basis from the individual students. The total receivable amount above excludes federal subsidies reflected on the students’ accounts but not yet received from the government. Also, it excludes all receivables from industry relationships, which are otherwise included under accounts receivable in our Consolidated Balance Sheets.
(2)  Write-off amounts are based on the students school departure year.
Allowance for Credit Losses
Measurement of Credit Losses on Financial Instruments (“ASC 326”). Changes in our current and non-current allowance for credit losses related to our student receivable portfolio were calculated in accordance with ASC 326 for the year ended December 31, 2025, and 2024, respectively.
 
                
 
Year Ended December 31,  
     2025       2024  
Balance, beginning of period
 $ 65,572     $ 53,811  
Provision for credit losses
   58,085       56,578  
Write-off's
   (53,311 )      (44,817 ) 
Balance, at end of period
 $ 70,346     $ 65,572