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 REGISTRATIONSFor the three months ended September 30, 2013 2012 % ChangeNet Course Registrations by New Students 22,100 24,000 -8% Net Course Registrations 105,200 103,000 2%For the nine months ended September 30, 2013 2012 % ChangeNet Course Registrations by New Students 59,000 64,100 -8% Net Course Registrations 314,300 296,900 6%APUS REGISTRATIONS BY PRIMARY FUNDING SOURCE For the nine months ended September 30, 2013 % of TotalFederal Student Aid (Title IV) 36% Department of Defense Tuition Assistance (TA) 37% Veteran’s Benefits (VA) 16% Cash & Other Sources 11% FINANCIAL METRICS (in millions, except per share data)Three Months Ended 9/30/2013 9/30/2012 Revenues $81.8 $77.1 Net Income $10.9 $ 10.8 Diluted EPS (per diluted share) $0.61 $0.60Balance Sheet, as of 9/30/2013 12/31/2012Cash & Equiv. $ 143.8 $ 114.9 Total Assets $266.7 $237.6 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 $ 2.23AFFORDABLE TUITION Undergraduate Tuition: $250/credit hour Graduate Tuition: $325/credit hourAvg. Age: 32 yearsAvg. Undergraduate Class Size: 16 studentsGender Ratio: 66 male/34 femaleAvg. Courses Per Year: 3 Military/4 CivilianFaculty: 440 Full-Time/1,720 AdjunctStaff: 960 Full-Time/30 Part-TimeAMU & APU GRADUATES27,000+ Alumni7,600’02 ’03 ’04 ’05 ’06 ’07 ’08 ’09 ’10 ’11 ’121008006003006,1004,6002,0003,3001,6001,100UNIVERSITY PROFILE As of December 31, 2012Enrollment 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: September 2013 Contact Chris Symanoskie Vice President, Investor Relations 703-334-3880 or csymanoskie@apus.edu. OF APUS UNDERGRADUATE ALUMNI RETURN FOR SECOND DEGREE*50%+ OF APUS STUDENTS REFERRED BY OTHERS40%+ 23%18%59%17%21%21%14%12%11%4%