FINANCING RECEIVABLES (Tables)

12 Months Ended

Jun. 30, 2013

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 June 30, 2013 and 2012 (dollars in thousands).

	As of June 30,
	2013				2012
Gross Institutional Student Loans			$	61,104			$	54,779
Allowance for Credit Losses
Balance at Beginning of Period	$	(18,261)			$	(20,284)
Charge-offs		5,060				10,612
Recoveries		(715)				(457)
Additional Provision		(4,981)				(8,132)
Balance at End of Period				(18,897)				(18,261)
Net Institutional Student Loans			$	42,207			$	36,518

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 June 30, 2013 and 2012. Loans are considered nonperforming if they are more than 120 days past due (dollars in thousands).

	As of June 30,
	2013		2012
Institutional Student Loans:
Performing	$	46,622	$	41,704
Nonperforming		14,482		13,075
Total Institutional Student Loans	$	61,104	$	54,779

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:
June 30, 2013	$	3,785	$	1,646	$	1,140	$	14,482		21,053	$	40,051	$	61,104
June 30, 2012	$	3,803	$	1,587	$	1,269	$	13,075		19,734	$	35,045	$	54,779