Exhibit 99.3

American Public Education, Inc. is an online provider of higher education focused primarily on serving the military and public service communities. American Public University System (APUS), wholly owned by APEI, operates through American Military University (AMU) and American Public University (APU). APUS’ mission is to provide quality higher education with emphasis on educating the nation’s military and public service communities by offering respected, relevant, accessible and affordable, student-focused online programs, which prepare them for service and leadership in a diverse, global society. American Public University System is accredited by The Higher Learning Commission and is a member of the North Central Association of Colleges and Schools (NCA), www.ncahlc.org. APUS REGISTRATIONS For the three months ended December 31, 2012 2011 % Change Net Course Registrations by New Students 22,600 24,600 -8%  Net Course Registrations 105,300 95,800 10% For the twelve months ended December 31, 2012 2011 % Change Net Course Registrations by New Students 86,700 85,200 2% Net Course Registrations 402,200 343,700 17% APUS REGISTRATIONS BY PRIMARY FUNDING SOURCE For the twelve months ended December 31, 2012 % of Total Federal Student Aid (Title IV) 36%  Department of Defense Tuition Assistance (TA) 38% Veteran’s Benefits (VA) 13% Cash & Other Sources 13% FINANCIAL METRICS (in millions, except per share data) Three Months Ended 12/31/2012 12/31/2011 Revenues $86.0 $75.7 Net Income $13.2 $13.0 Diluted EPS (per diluted share) $ 0.74 $0.71 Balance Sheet, as of 12/31/2012 12/31/2011 Cash & Equiv. $ 114.9 $ 119.0 Total Assets $236.6 $198.9 Total Corp. Debt $ 0 $ 0Full Year Ended 12/31/2012 12/31/2011 Revenues $313.5 $260.4 Net Income $ 42.3 $ 40.8 Diluted EPS $ 2.35 $ 2.23 AFFORDABLE TUITION Undergraduate Tuition: $250/credit hour Graduate Tuition: $325/credit hour Avg. Age: 32 years Avg. Undergraduate Class Size: 16 students Gender Ratio: 66 male/34 female Avg. Courses Per Year: 3 Military/4 CivilianFaculty: 430 Full-Time/1,570 AdjunctStaff: 930 Full-Time/20 Part-Time AMU & APU GRADUATES 27,000+ Alumni 7,600 ’02 ’03 ’04 ’05 ’06 ’07 ’08 ’09 ’10 ’11 ’12 100 800 600 300 6,100 4,600 2,000 3,300 1,600 1,100 UNIVERSITY PROFILE As of December 31, 2012 Enrollment by degree level– Associates – Bachelors – MastersEnrollment by school– 21%–Arts & Humanities – 21%–Public Service & Health – 17%–Security & Global Studies – 14%–Management – 12%–Business – 11%–Science & Technology – 4%–Education Enrollment by status– Military – Civilian 43%57% TICKER: APEI EXCHANGE: NASDAQ IPO DATE/PRICE: Nov 11, 2007 @ $20*Represents returning undergraduate students from 2010 conferrals. 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.FACT SHEET: December 2012 Contact Chris Symanoskie 703-334-3880 or csymanoskie@apus.edu. OF APUS UNDERGRADUATE ALUMNI RETURN FOR SECOND DEGREE*50%+ OF APUS STUDENTS REFERRED BY OTHERS 40%+ 23% 18% 59% 17% 21% 21% 14% 12% 11% 4%