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                                                                  EXHIBIT 99.01
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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
                                       -----------------------


               STRAYER EDUCATION, INC. PRICES THREE MILLION SHARE
                       SECONDARY OFFERING OF COMMON STOCK

ARLINGTON, VA., MARCH 9, 2004 - Strayer Education, Inc. (the "Company") (Nasdaq:
STRA) announced today the pricing, at $105.25 per share, of three million shares
of common stock in a previously announced secondary offering. The Company will
not receive any of the proceeds of the offering.

The common shares will be issued upon the conversion of convertible preferred
stock and the partial exercise of an option currently held by New Mountain
Partners, L.P., New Mountain Strayer Trust and MidOcean Capital Investors, L.P.
New Mountain Partners, MidOcean and certain members of management have granted
the underwriters an option to purchase an additional 450,000 shares of common
stock to cover over-allotments, if any. This offering is being made pursuant to
the exercise of existing registration rights held by the selling shareholders.
After giving effect to the offering excluding the over-allotment option, New
Mountain will continue to beneficially own approximately 13% of Strayer's equity
securities.

The managing underwriters for the offering are Credit Suisse First Boston, Banc
of America Securities LLC, JPMorgan, Legg Mason Wood Walker Incorporated, Lehman
Brothers and Thomas Weisel Partners LLC.

A registration statement relating to these securities has been filed with the
Securities and Exchange Commission and has been declared effective. This press
release shall not constitute an offer to sell or the solicitation of an offer to
buy, nor shall there be any sale of these securities in any state in which such
offer, solicitation or sale would be unlawful prior to registration or
qualification under the securities laws of any such state. Copies of the
prospectus relating to the offering may be obtained from Credit Suisse First
Boston, 11 Madison Avenue, New York, NY, 10010 (tel: 212 325-2000).



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 20,000 working adult students at 27 campuses in Pennsylvania, Maryland,
Washington, D.C., Virginia, North Carolina, South Carolina and Tennessee 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. 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 state and regional
regulatory requirements, competitive factors, 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,
our ability to implement our growth strategy, 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.
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