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Meeting Information

ACCOUNTS AND LOANS RECEIVABLE AS OF JUNE 30, 1997

 

 

Student

Accounts

 

Sponsored
Programs

 

Other
Receivables

 

Total

 

Gross Accounts

Receivable

 

 

$ 162,000

 

 

$7,005,000

 

 

$2,104,000

 

 

$9,271,000

 

Less: Allowance for Doubtful Accounts

 

 

 

53,000

 

 

 

0

 

 

 

97,000

 

 

 

150,000

 

Net Accounts

Receivable

 

 

$ 109,000

 

 

$7,005,000

 

 

$2,007,000

 

 

$ 9,121,000

 

Accounts Receivable

Greater than 120 Days Past Due

$ 124,000

$ 306,000

$ 249,000

$ 679,000

SOURCE: Bursar's Office

DATE: September 30, 1997


 

 

Gross Loans
Receivable

 

Current

Default Rate

 

Inc./(Dec)

From Last Quarter

 

Perkins Student Loans

 

 

$16,127,000

 

 

6.93%

 

 

(0.31)%

 

Health Professions Loans

 

 

 

1,874,000

 

 

 

0.71%

 

 

 

0.00%

 

Undergraduate Nursing Loans

 

 

457,000

 

 

1.52%

 

 

(0.03)%

 

Graduate Nursing Loans

 

 

2,000

 

 

0.00%

 

 

0.00%

 

University Loans

 

 

6,940,000

 

 

1.82%

 

 

(0.53)%

 

Total Student Loan Outstanding

 

 

 

$25,400,000

 

 

SOURCE: Bursar's Office

DATE: September 30, 1997