v3.25.2
Student Receivables (Tables)
6 Months Ended
Jun. 30, 2025
Receivables [Abstract]  
Changes in Current and Non-Current Receivables Allowance

We define student receivables as a portfolio segment under ASC Topic 326 – Financial Instruments – Credit Losses. Changes in our current and non-current allowance for credit losses related to our student receivable portfolio in accordance with the guidance under ASU 2016-13 for the quarters and years to date ended June 30, 2025 and 2024 were as follows (dollars in thousands):

 

 

For the Quarter Ended June 30,

 

 

For the Year to Date Ended June 30,

 

 

 

2025

 

 

2024

 

 

2025

 

 

2024

 

Balance, beginning of period

 

$

42,866

 

 

$

38,554

 

 

$

43,520

 

 

$

37,782

 

Provision for credit losses

 

 

5,457

 

 

 

6,075

 

 

 

13,015

 

 

 

12,631

 

Amounts written-off

 

 

(6,426

)

 

 

(7,821

)

 

 

(15,077

)

 

 

(14,053

)

Recoveries

 

 

417

 

 

 

463

 

 

 

856

 

 

 

911

 

Balance, end of period

 

$

42,314

 

 

$

37,271

 

 

$

42,314

 

 

$

37,271