Exhibit 99.3

 

JUNE 2018 TICKER: APEI EXCHANGE: NASDAQAMERICAN PUBLIC EDUCATION, INC. (NASDAQ: APEI) is a leading provider of higher learning dedicated to preparing students all over the world for excellence in service, leadership and achievement. The Company offers respected, innovative and affordable academic programs and services to students, universities and partner organizations through wholly owned subsidiaries: American Public University System and National Education Seminars Inc., which we refer to as Hondros College of Nursing.American Public University System (APUS), which is accredited by the Higher Learning Commission (HLC), offers online degree and certificate programs through American Military University (AMU) and American Public University (APU). Hondros College of Nursing (HCN) educates nurses at five Ohio campuses in Cincinnati/West Chester, Cleveland/Independence, Columbus/Westerville, Dayton/Fairborn and Toledo/Maumee. Together, these institutions serve more than 80,000 adult learners worldwide and offer more than 200 degree and certificate programs in fields ranging from homeland security, military studies, intelligence, and criminal justice to technology, business administration, public health, nursing and liberal arts. For additional information, please visit www.apei.com.97%APUS ALUMNI SURVEYEDRespondents indicated that APUS programs met their overall expectations.193%APUS ALUMNI SURVEYRespondents would recommend AMU/APU to a friend or colleague.230+HCON RELATIONSHIPSwith healthcare employers82K+APUS ALUMNI6K+HCON ALUMNINET INCOME ATTRIBUTABLE TO COMMON STOCKHOLDERSTOTAL ASSETSNET CASH PROVIDED BY OPERATING ACTIVITIESREVENUE$350,020$61,030$42,034$339,038$40,877$59,414$329,479$327,910$57,211$315,620$56,014$313,139$299,427$297,904$299,248$271,655$47,938$32,414$24,155$21,121‘13‘14‘15‘16‘17‘13‘14‘15‘16‘17‘13‘14‘15‘16‘17‘13‘14‘15‘16‘17Contact: Chris Symanoskie, IRC, Vice President, Investor Relations 703-334-3880 or csymanoskie@apei.comNOTE: Past performance is not indicative of future results. Additional information, including important details about risk factors, can be found in APEI’s filings with the U.S. Securities and Exchange Commission, www.sec.gov.1. APUS, 2017 End of Program Survey2. APUS, 2017 1-year Alumni Survey

 

ENROLLMENT BY DEGREE LEVEL5APUSAMERICAN PUBLIC UNIVERSITY SYSTEM1An online institution of higher learning serving the needs of military, public service and civilian communities through American Military University (AMU) and American Public University (APU).ENROLLMENT AND REGISTRATIONSFor the three months ended June 30,20182017% ChangeNet Course Registrations by New Students 9,500 9,600-1%Net Course Registrations76,80077,000 0%For the six months ended June 30,20182017% ChangeNet Course Registrations by New Students18,90020,100-6%Net Course Registrations160,200163,700-2%As of June 30,20182017% ChangeAPUS Student Enrollment281,10084,300-4%¦59%Bachelor’s¦16%Associate¦16%Master’s¦9%Certificate/otherENROLLMENT BY SCHOOL5¦25%Security & Global Studies¦23%Business¦22%Arts & Humanities¦16%Science, Technology, Engineering & Math¦11%Health Sciences¦ 3%Education AT-A-GLANCE5– 87% of Students are Working Adults– Avg. Age of Students: 33 years– Avg. Undergraduate Class Size: 19 students– Avg. Graduate Class Size: 9 students– Gender Ratio: 65% male / 35% female– 49%+ of APUS Students Referred by Others– Over 200 Degree and Certificate Programs– 2,000+ Globally Located Faculty MembersAMU & APU GRADUATES– 82,000+ Alumni– Nearly 40 graduate students and alumni honored as Presidential Management Fellowship finalists, one of the nation’s most prestigious programs for leadership and public service.REGISTRATIONS BY PRIMARY FUNDING SOURCE For the three months ended June 30, 2018¦36.6%Department of Defense Tuition Assistance (TA)¦25.7%Federal Student Aid (Title IV)¦23.7%Veterans Benefits (VA)¦14.0%Cash & Other SourcesTUITIONAPUS undergraduate costs (tuition, books and fees) are 23% below the average published tuition and fee price paid by full-time in-state students at public four-year institutions.3 HONDROS COLLEGE OF NURSING4Serving the needs of nurses and the healthcare community through campus locations in Cincinnati, Cleveland, Columbus, Dayton, and Toledo, Ohio.STUDENT ENROLLMENTFor the three months ended June 30, 20182017% ChangeNew Student Enrollment4854605%Total Student Enrollment2,0201,720 17%ENROLLMENT BY PROGRAMFor the full year ended December 31, 2017.¦53%Licensed Practical Nurse¦42%Associate Degree in Nursing¦4%RN-Bachelor of Science in NursingAT-A-GLANCE– Avg. Age of Students: 30 years– Gender Ratio: 92% female / 8% male– Avg. Class Size: 15 studentsGRADUATES– 6,000+ alumniApproximate Cost (Tuition & Fees) of Degree CompletionLicensed Practical Nurse$17,040Associate Degree in Nursing$25,010 Alumni tuition is $23,790Bachelor of Science in Nursing$20,880Alumni tuition is $19,4881. APUS Net Course Registrations represent the approximate aggregate number of courses for which students remain enrolled after the date by which they may drop a course without financial penalty.2. APUS Student Enrollment represents the number of unique active students, including those who take an approved leave of absence for up to two years, who have reached the eighth day of their first course or who have completed at least one course within the last 12 months for which a grade was received.3. The College Board’s Trends in College Pricing 2018.4. HCN Student Enrollment represents the total number of students enrolled in a course after the date by which students may drop a course without financial penalty.5. For the twelve months ended December 31, 2017.