EX-99.3 4 a51160099-ex993.htm EXHIBIT 99.3

Exhibit 99.3

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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 of Nursing. Together these institutions serve more than 100,000 adult learners worldwide and offer approximately 100 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). 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 intend to promote the success of our students through technological innovation, expand our program offerings, especially in high-demand fields, and actively pursue promising new frontiers in education through strategic partnerships, investments and acquisitions. Contact: Chris Symanoskie, Vice 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. Net Income Attributable to Common Stockholders $29,868 $40,757 $42,323 $42,034 2014 $40,877 2013 2012 2011 2010 June 2015 TICKER: APEI EXCHANGE: NASDAQ $198,174 $260,377 $313,516 $329,479 2014 $350,020 2013 2012 2011 2010 Revenue $47,078 $70,438 $52,838 $59,414 2014 $61,030 2013 2012 2011 2010 Net Cash Provided by Operating Activities $141,839 $198,891 $237,603 $271,655 2014 $297,904 2013 2012 2011 2010 Total Assets


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1. For additional details, visit www.amu.apus.edu/tuition-and-finance/tuition-and-fees/ 2. Represents returning undergraduate students from 2012 conferrals. 3. National Education Seminars, which we refer to as Hondros College of Nursing, was acquired by APEI, effective November 1, 2013. APUS 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 Registrations For the three months ended June 30, 2015 2014 % Change Net Course Registrations by New Students 13,500 16,700 -19% Net Course Registrations 89,000 96,100 -7% For the six months ended June 30, 2015 2014 % Change Net Course Registrations by New Students 28,300 34,400 -18% Net Course Registrations 188,600 202,000 -7% As of June 30, 2015 2014 % Change Active Student Enrollement 104,400 110,800 -6% 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. Enrollment by Degree Level 62% Bachelors 21% Associates 17% Masters 29% Security & Global Studies 26% Business 18% Arts & Humanities 14% Science, Technology, Engineering & Math 9% Public Service & Health 4% Education Enrollment by School At-A-Glance Avg. Age of Students: 33 years Avg. Undergraduate Class Size: 19 students Gender Ratio: 64% male/36% female Avg. Courses Per Year: 3 Military/4 Civilian Faculty: 420 Full-Time/1,770 Adjunct Staff: 970 Full-Time/18 Part-Time AMU & APU Graduates 53,000+ Alumni 45%+ of APUS undergraduate alumni return for second degree2 45%+ of APUS students referred by others 51% Licensed Practical Nurse 33% Associate Degree in Nursing 17% Bachelors Science of Nursing Hondros College of Nursing Enrollment by Program 3 Serving the needs of nurses and the healthcare community through campus locations in Cincinnati, Dayton, Columbus and Cleveland, Ohio. Student Enrollment As of June 30, 2015 2014 % Change New Student Enrollment 400 380 5% Total Student Enrollment 1,530 1,410 9% Student enrollment represents the approximate number of students enrolled in one or more courses after the date by which they may drop the course without financial penalty. Approximate Cost (Tuition & Fees) of Degree Completion Licensed Practical Nurse $22,114 Associate Degree in Nursing $34,980 Bachelors Science of Nursing $18,415 At-A-Glance Avg. Age of Students: 30 years Gender Ratio: 92% female/8% male Faculty: 110 Full-Time/50 Part-Time Staff: 80 Full-Time Graduates 800+ Alumni Tuition Our total costs of combined tuition, books, and required fees are approximately 17% less for undergraduate and 37% less for graduate students than the average published in-state total costs at public institutions.1 Registrations by Primary Funding Source For the six months ended June 30, 2015 35% Department of Defense Tuition Assistance (TA) 31% Federal Student Aid (Title IV) 21% Veteran’s Benefits (VA) 13% Cash & Other Sources