EX-99.3 4 a51100115ex99_3.htm EXHIBIT 99.3

Exhibit 99.3

GRAPHIC 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 113,080 adult learners worldwide and offer more than 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) 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. 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. Contact: Chris Symanoskie, Vice President, Investor Relations 703-334-3880 or csymanoskie@apus.edu Net Income Attributable to Common Stockholders $29,868 $40,757 $42,323 $42,034 2014 $40,877 2013 2012 2011 2010 March 2015 TICKER: APEI EXCHANGE: NASDAQ $198,174 $260,377 $313,516 $329,479 2014 $350,020 2013 2012 2011 2010 Revenues $47,078 $70,438 $52,924 $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


GRAPHIC 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. 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 March 31, 2015 2014 % Change Net Course Registrations by New Students 14,800 17,600 -16% Net Course Registrations 99,600 105,800 -6% As of March 31, 2015 2014 % Change Active Student Enrollement 111,500 113,400 -2% 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. Enrollment by Degree Level 22% Associates 61% Bachelors 17% Masters Enrollment by School 26% Business 9% Public Service & Health 18% Arts & Humanities 30% Security & Global Studies 13% Science, Technology, Engineering & Math 4% Education At-A-Glance As of March 31, 2015 Avg. Age of Students: 33 years Avg. Undergraduate Class Size: 19 students Gender Ratio: 63% male/37% female Avg. Courses Per Year: 3 Military/4 Civilian Faculty: 420 Full-Time/1,830 Adjunct Staff: 990 Full-Time/20 Part-Time AMU & APU Graduates 47,000+ Alumni 45%+ of APUS undergraduate alumni return for second degree2 45%+ of APUS students referred by others 50% Licensed Practical Nurse 39% Associate Degree in Nursing 11% 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 March 31, 2015 2014 % Change New Student Enrollment 460 400 15% Total Student Enrollment 1,580 1,290 22% 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. Approximate Cost (Tuition & Fees) of Degree Completion Licensed Practical Nurse $18,645 Associate Degree in Nursing $29,105 Bachelors Science of Nursing $16,790 At-A-Glance As of March 31, 2015 Avg. Age of Students: 30 years Gender Ratio: 92% female/8% male Faculty: 100 Full-Time/40 Part-Time Staff: 90 Full-Time Graduates 800+ Alumni Tuition Combined tuition, fees, and books are roughly 17% less for undergraduate students than the average published in-state rates at a public university. Combined tuition, fees, and books are approximately 37% less for graduate students than the average published in-state rates at a public university.1 Registrations by Primary Funding Source For the three months ended March 31, 2015 33% Federal Student Aid (Title IV) 35% Department of Defense Tuition Assistance (TA) 20% Veteran’s Benefits (VA) 12% Cash & Other Sources