EX-99.3 4 a50861472-ex993.htm EXHIBIT 99.3

Exhibit 99.3

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TICKER: APEI EXCHANGE: NASDAQ FACT SHEET: March 31, 2014 American Public Education, Inc. (NASDAQ: APEI) is a leading education services provider founded to prepare adult learners for service and leadership in a diverse global economy. The Company offers respected, innovative and affordable educational programs and services to students, universities and partner organizations through wholly owned subsidiaries: American Public University System (APUS) and Hondros College, Nursing Programs. These institutions serve approximately 115,000 adult learners worldwide and offer more than 95 degree programs in fields ranging from homeland security, military studies, intelligence, and criminal justice to technology, business administration, public health, nursing and liberal arts. American Public University System is accredited by the Higher Learning Commission (HLC) and a member of the North Central Association of Colleges and Schools (www.ncahlc.org, 312-263-0456). Hondros College, Nursing Programs is accredited by the Accrediting Council for Independent Colleges and Schools (ACICS), 750 First Street, NE Suite 980, Washington, DC 20002 (www.acics.org, 202-336-6780). HLC and ACICS are accrediting agencies recognized by the U.S. Department of Education and the Council for Higher Education Accreditation. APEI STRATEGY Our strategy builds on the core strengths of quality, affordability and innovation, which have helped establish our reputation for leadership and innovation. Moving forward, our plan is to continue expanding our presence in military, public service and civilian communities primarily through building relationships and referrals. As the higher education landscape changes, we will promote the success of our students through technological innovation, expand our program offerings, especially in high-demand fields, and we will actively pursue promising new frontiers in education through strategic partnerships, investments and acquisitions. NET INCOME ATTRIBUTABLE TO COMMON STOCKHOLDER REVENUE $329,479 $50,000 $40,000 $30,000 $20,000 $10,000 $0 $350,000 $300,000 $250,000 $200,000 $150,000 $100,000 $50,000 $0 $313,516 $42,323 $42,034 $40,757 $260,377 $29,868 $198,174 $23,943 $148,998 2009 2010 2011 2012 2013 2009 2010 2011 2012 2013 NET CASH PROVIDED BY OPERATING ACTIVITIES TOTAL ASSETS $300,000 $250,000 $200,000 $150,000 $100,000 $50,000 $0 $80,000 $60,000 $40,000 $20,000 $0 $271,656 $70,438 $237,603 $59,414 $52,838 $198,891 $47,078 $141,839 $36,756 $115,753 2009 2010 2011 2012 2013 2009 2010 2011 2012 2013 Contact Chris SymanoskieVice President, Investor Relations 703-334-3880 or csymanoskie@apus.edu NOTE: Past performance is not indicative of future results. Additional information, including important details about risk factors, can be found in the company’s filings with the U.S. Securities and Exchange Commission, www.sec.gov.


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AMERICAN PUBLIC UNIVERSITY SYSTEM An 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 March 31, 2014 2013 % Change Net Course Registrations by New Students 17,600 19,100 -8% Net Course Registrations 105,800 109,700 -4% Net course registrations represent the aggregate number of courses for which students remain enrolled after the date by which they may drop a course without financial penalty. TUITION Combined tuition, fees, and books are roughly 20% less for undergraduate, and 40% less for graduate students than the average in-state rates at a public university.1Avg. Age of Students: 32 yearsAvg. Undergraduate Class Size: 16 students Gender Ratio: 63% male/37% female Avg. Courses Per Year: 3 Military/4 Civilian Faculty: 420 Full-Time/1,850 Adjunct Staff: 1,020 Full-Time/30 Part-Time AT-A-GLANCE AS OF MARCH 31, 2014 REGISTRATIONS BY PRIMARY FUNDING SOURCE For the three months ended March 31, 2014 Federal Student Aid (Title IV) Department of Defense Tuition Assistance (TA) Veteran’s Benefits (VA) Cash & Other Sources35%36%17%12%AMU & APU GRADUATES37,000+ Alumni45%+ of APUS undergraduate alumni return for second degree245%+ of APUS students referred by othersEnrollment by degree level Associates Bachelors Masters23%59%18%Enrollment by school Business Public Service & Health Arts & Humanities Security & Global Studies Science, Technology, Engineering & Math Education 25%26%19%14%4%12%1. For additional details, visit www.amu.apus.edu/tuition-and-finance/tuition-and-fees/2. Represents returning undergraduate students from 2012 conferrals.3. Hondros College, Nursing Programs was acquired by APEI, effective November 1, 2013.HONDROS COLLEGE, NURSING PROGRAM S3Serving the needs of nurses and the healthcare community through campus locations in Cincinnati, Dayton, Columbus and Cleveland, Ohio.ENROLLMENT As of March 31, 2014 2013 % ChangeNew Student Enrollment 400 280 43%Total Student Enrollment 1,290 1,130 14%Student enrollment represents the number of students enrolled in one or more courses after the date by which they may drop the course without financial penalty.Avg. Age of Students: 30 yearsGender Ratio: 92% female/8% maleFaculty: 100 Full-Time/50 Part-Time Staff: 70 Full-Time/1 Part-Time 800+ Alumni AT-A-GLANCE AS OF MARCH 31, 2014Tuition Per Credit Hour Licensed Practical Nurse $240 Associate Degree in Nursing $260 Bachelors Science of Nursing $200 Licensed Practical Nurse Associate Degree in Nursing Bachelors Science of NursingEnrollment by Program 50% 39% 11% Four campus locations in Ohio