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Student Receivables (Tables)
 9 Months Ended
Sep. 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 September 30, 2025 and 2024 were as follows (dollars in thousands):

 

 

For the Quarter Ended September 30,

 

 

For the Year to Date Ended September 30,

 

 

 

2025

 

 

2024

 

 

2025

 

 

2024

 

Balance, beginning of period

 

$

42,314

 

 

$

37,271

 

 

$

43,520

 

 

$

37,782

 

Provision for credit losses

 

 

7,913

 

 

 

8,733

 

 

 

20,928

 

 

 

21,364

 

Amounts written-off

 

 

(6,722

)

 

 

(8,032

)

 

 

(21,799

)

 

 

(22,085

)

Recoveries

 

 

407

 

 

 

361

 

 

 

1,263

 

 

 

1,272

 

Balance, end of period

 

$

43,912

 

 

$

38,333

 

 

$

43,912

 

 

$

38,333