American Public Education, Inc.

American Public Education, Inc. (APEI) is a leading provider of online and campus-based postsecondary education and career learning, headquartered in Charles Town, West Virginia. The company's mission is to empower individuals by "Powering purpose, potential and prosperity for those in service to others," with a vision of delivering education that transforms lives, advances careers, and improves communities.

APEI operates through a portfolio of wholly-owned subsidiaries, including the American Public University System (APUS), which encompasses American Military University (AMU) and American Public University (APU); Rasmussen University (RU); and Hondros College of Nursing (HCN). These institutions offer a wide array of nearly 100 to 200+ degree and certificate programs across diverse fields such as homeland security, military studies, intelligence, criminal justice, technology, business administration, public health, nursing, and liberal arts. The company primarily serves adult learners, including military personnel, veterans, public service communities, and working professionals, with Rasmussen University and Hondros College of Nursing specializing in nursing and health sciences education.

Under the leadership of CEO Angela Selden, appointed in September 2019, APEI maintains a strong market position as a respected leader in higher education, particularly in online learning and serving military and veteran students. In March 2026, the company completed a comprehensive refinancing with a new $130 million senior secured credit facility, projected to yield approximately $3.7 million in annual interest savings. APEI also reported robust financial results for the full year 2025, with revenues increasing to $649 million and adjusted EBITDA improving by 18.6%. Notably, the Department of Education lifted growth restrictions on Rasmussen University, and APUS introduced new academic offerings in digital skills and artificial intelligence.