Accounts Receivable |
3 Months Ended | ||||||||||||||||||||||||||||||||||||
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Sep. 30, 2026 | |||||||||||||||||||||||||||||||||||||
| Credit Loss [Abstract] | |||||||||||||||||||||||||||||||||||||
| Accounts Receivable | Note 5 – Accounts Receivable
The following table presents the components of accounts receivable as reported in the Company’s consolidated balance sheets:
Receivables are presented net of the allowance for credit losses of $2,258,184 as of September 30, 2026 and $1,994,492 as of June 30, 2026. Activity in the allowance for credit losses is presented in the roll-forward in Note 2.
Long-Term Receivables
The TuitionFlex Program is designed to create a flexible tuition credit program for students and families to help bridge the financial gap, all in accordance with applicable federal Truth-In-Lending regulations. Through this program, we offer payment plans to all students, regardless of financial need, for up to 6 years. The long-term portion of student receivables utilizing the TuitionFlex program was $2,197,378 and $2,153,680 as of September 30, 2026 and June 30, 2026, respectively.
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