EX-99.01 2 file2.htm PRESS RELEASE


                                                                   EXHIBIT 99.01

FOR IMMEDIATE RELEASE

                                        FOR MORE INFORMATION CONTACT:

                                        Mark C. Brown, Senior Vice President and
                                        Chief Financial Officer
                                        (703) 247-2514

                                        Sonya Udler, Vice President,
                                        Corporate Communications
                                        (703) 247-2517
                                        sonya.udler@strayer.edu
                                        -----------------------

                      STRAYER EDUCATION PROVIDES UPDATE ON
                        MIDDLE STATES COMMISSION ACTIONS

ARLINGTON, Va., November 30, 2006 - Strayer University, a wholly owned
subsidiary of Strayer Education, Inc., (Nasdaq: STRA) is accredited by The
Middle States Commission on Higher Education through 2011. The University
recently completed a voluntary comprehensive self study report, which was
submitted to Middle States to support the University's request for an early
reaffirmation of accreditation, prior to Middle States' scheduled accreditation
review in 2011.

Middle States has reviewed the University's report and has requested additional
information on the implementation of three proposed improvements: changes to the
University's bylaws, hiring of additional full-time faculty, and testing
procedures to assess core competencies of incoming students. A follow up report
to Middle States is due March 1, 2007 to confirm implementation of the actions
the University has taken. The University's status as an accredited institution
remains unchanged as a result of Middle States' review, and the University
anticipates it will receive early re-accreditation approval by June 2007.

The Company reported that Middle States also approved the University's
previously announced two new campuses in the state of Kentucky, scheduled to
open for the winter 2007 term, as well as two new campuses in the Orlando,
Florida market that the University intends to open for the spring 2007 term. All
Strayer University new campus locations require Middle States approval, and
Middle States has indicated it will review the remainder of Strayer's planned
2007 openings upon completion of the reaffirmation process.

"We welcome Middle States' recommendations on our self study," said Robert S.
Silberman, Chairman and Chief Executive Officer of Strayer Education. "Our goal
is to provide a high quality post-secondary education to our working adult
students, and the Middle States academic peer review process is an important
part of meeting that goal. We appreciate the confidence that





Middle States has shown in us in approving our four new campuses planned for the
first half of 2007."

Strayer Education, Inc. (Nasdaq: STRA) is an education services holding company
that owns Strayer University and certain other assets. Strayer's mission is to
make higher education achievable and convenient for working adults in today's
economy. Strayer University is a proprietary institution of higher learning that
offers undergraduate and graduate degree programs in business administration,
accounting, information technology, education, and public administration to more
than 31,000 working adult students at 43 campuses in 10 states and Washington,
D.C., in the eastern United States and worldwide via the Internet through
Strayer University Online. Strayer University is committed to providing an
education that prepares working adult students for advancement in their careers
and professional lives. Founded in 1892, Strayer University is accredited by the
Middle States Commission on Higher Education.

For more information on Strayer Education, Inc. visit www.strayereducation.com
and for Strayer University visit www.strayer.edu.

                                      # # #

This press release contains statements that are forward looking and are made
pursuant to the "safe-harbor" provisions of the Private Securities Litigation
Reform Act of 1995 ("Reform Act"). The statements are based on the Company's
current expectations and are subject to a number of uncertainties and risks. In
connection with the Safe Harbor provisions of the Reform Act, the Company has
identified important factors that could cause the Company's actual results to
differ materially from those expressed in or implied by such statements. The
uncertainties and risks include the pace of growth of student enrollment, our
continued compliance with Title IV of the Higher Education Act, and the
regulations thereunder, as well as regional accreditation standards and state
and regional regulatory requirements, competitive factors, our ability to
implement our growth strategy, risks associated with the opening of new
campuses, risks associated with the offering of new educational programs and
adapting to other changes, risks associated with the acquisition of existing
educational institutions, risks relating to the timing of regulatory approvals,
and general economic and market conditions. Further information about these and
other relevant risks and uncertainties may be found in the Company's annual
report on Form 10-K and its other filings with the Securities and Exchange
Commission, all of which are incorporated herein by reference and which are
available from the Commission. We undertake no obligation to update or revise
forward looking statements.