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American Public Education, Inc. - APEI STOCK NEWS

Welcome to our dedicated page for American Public Education news (Ticker: APEI), a resource for investors and traders seeking the latest updates and insights on American Public Education stock.

American Public Education, Inc. (NASDAQ: APEI) is a leading provider of higher education services committed to transforming lives by preparing students for excellence in service, leadership, and achievement. Through its wholly owned subsidiaries, APEI offers respected, career-relevant, and affordable academic programs and services to a diverse range of students worldwide. The company operates under several key institutions, including the American Public University System (APUS), which encompasses the American Public University (APU) and the American Military University (AMU), as well as the National Education Seminars, Inc., known as Hondros College of Nursing.

APEI offers nearly 100 degree programs in fields that range from homeland security, military studies, intelligence, and criminal justice to technology, business administration, public health, nursing, and liberal arts. The American Public University System is a pioneer in online education, with over 137,000 alumni from more than 100 countries, and is expanding its reach globally to integrate emerging technologies, such as AI-powered classrooms and personalized digital services, to enhance teaching and learning experiences.

Rasmussen University, another key entity under APEI, is a 120-year-old institution focused on nursing and health sciences, serving approximately 13,500 students across its 22 campuses in six states and online. It offers a full range of nursing education from Practical Nursing to Doctor of Nursing Practice (DNP). Rasmussen University has introduced new grants and tuition reimbursement programs in collaboration with organizations like GuideWell and Saber Healthcare Group to support workforce development and higher education affordability.

The Hondros College of Nursing provides pre-licensure nursing education at eight campuses across Ohio, Indiana, and Michigan, making it the largest educator of PN (LPN) nurses in Ohio. It is expanding its program offerings, such as the new Medical Assisting program, to meet the growing demand for healthcare professionals.

APEI’s financial condition remains robust, with a strong liquidity position and consistent revenue growth. In the first quarter of 2024, APEI reported consolidated revenues of $154.4 million, marking a year-over-year increase of 3.2%. The company’s financial stability is further confirmed by its recognition as one of the world’s top EdTech companies by TIME Magazine and Statista Inc.

Overall, APEI's commitment to innovation in education, strong partnerships, and emphasis on affordability and accessibility positions it as a significant player in the higher education sector, continually striving to meet the evolving needs of students, communities, and industries.

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Rasmussen University has integrated Hiration's AI-powered mock interview tool into its career services. This innovative tool offers students and alumni customized interview questions, real-time feedback, and enhanced interview techniques. Coupled with Hiration's AI resume builder and Handshake career management platform, this addition aims to improve job readiness and confidence. The tool uses ChatGPT to provide personalized feedback on communication skills, body language, and more. It allows for flexible practice without scheduling or geographic constraints. Rasmussen began collaborating with Hiration in 2021 and is among the first to adopt this new AI technology.

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American Public University System (APUS) has announced the launch of TuitionWise, an education benefits program designed to help companies recruit, retain, and enhance the skills of their employees. TuitionWise aims to reduce the potential costs of student debt for eligible participants by offering the possibility of no out-of-pocket tuition costs when combined with employer tuition-assistance benefits. The program includes an APUS partner grant for U.S.-based organizations meeting minimum tuition assistance standards. According to APUS President Nuno Fernandes, the program targets companies dedicated to investing in their employees' education, making higher education more accessible through partner grants, no application fees, and no costs for undergraduate books and transfer credit evaluations. With more than 300 organizations as partners, APUS collaborates with various sectors, including associations, businesses, government agencies, and healthcare organizations, to create effective learning strategies.

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American Public University System (APUS) has appointed Dr. Mary A. Papazian, the Executive Vice President at the Association of Governing Boards of Universities and Colleges (AGB), to its Board of Trustees. Dr. Papazian brings over 35 years of higher education experience, including presidencies at San Jose State University and Southern Connecticut State University. She is known for her strategic vision in leveraging emerging technologies like AI and advancing diversity, equity, and inclusion. Her leadership is expected to enhance APUS's educational offerings and extend its reach to diverse student populations, including military and public service communities.

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American Public University System (APUS) is partnering with Home School Legal Defense Association (HSLDA) to offer tuition grants for HSLDA members and their families to earn degrees and certificates at American Public University (APU). The partnership allows nearly 100,000 HSLDA member families to access a 10% tuition grant for bachelor's and master's degrees. This initiative aims to make higher education more accessible, especially for those involved in home schooling. APUS offers a flexible, online education model with monthly class starts, making it suitable for home-schooled families. HSLDA, an advocacy organization founded over 40 years ago, provides resources and legal support to facilitate home schooling.

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American Public Education (NASDAQ: APEI) announced its participation in two upcoming investor conferences. Management will attend the B. Riley Institutional Investor Conference on May 22-23 in Los Angeles, engaging in one-on-one meetings. Additionally, APEI will present at the William Blair Annual Growth Stock Conference on June 4 in Chicago at 1:40 pm ET, with a webcast available on the company's website. APEI serves over 125,000 students through its four subsidiary institutions, offering both online and campus-based education.

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Rasmussen University has launched the Professional Achievement Grant for Saber Healthcare Group employees, providing up to 100% tuition assistance on advanced nursing degrees. This initiative, combined with Saber's tuition reimbursement program, helps qualified employees pursue RN to BSN and MSN degrees at no out-of-pocket cost. Additionally, a 20% corporate grant is available for other programs. The grant aims to address the workforce's evolving needs, enhance patient care, and support Saber's talent retention. Eligibility requires six months of full-time employment at Saber in a leadership role.

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APUS will celebrate over 16,000 graduates at its 28th annual commencement on May 10-11, including around 4,100 master's, 8,800 bachelor's, and 3,600 associate degrees. The ceremonies will be held at the Gaylord Hotel in National Harbor, Md., and live streamed for remote viewing. Award winners will also be recognized during the event.

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American Public Education, Inc. (APEI) reported solid financial results for the first quarter of 2024, with revenue increasing by 3.2% year-over-year to $154.4 million. Adjusted EBITDA also saw a substantial growth of 143% to $17.1 million. The company maintained a strong liquidity position and is raising its full-year revenue and Adjusted EBITDA guidance. Management highlighted the positive momentum in financial performance driven by enrollment growth and cost reductions. Total revenue increased primarily in the APUS and HCN Segments, while costs and expenses decreased compared to the same period last year. The net loss available to common stockholders improved significantly, with a total cash, cash equivalents, and restricted cash of $153.2 million as of March 31, 2024.

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American Public Education, Inc. (APEI) will be presenting at the Sidoti Micro Cap Conference on May 8, 2024. Angela Selden, President and CEO, will present at 1:45 p.m. ET. The company offers education services through campus-based and online post-secondary education.

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Rasmussen University has expanded its Bloomington Bachelor of Science in Nursing program to the Hennepin/Anoka campus in response to nursing shortages in Minnesota. The CCNE-accredited BSN program aims to meet the demand for registered nurses with baccalaureate degrees. Enrollment is open, with classes starting soon. The expansion follows a successful launch at the Eagan campus, where 93% of BSN students passed the NCLEX-RN exam in 2023. Rasmussen offers various entry tracks for students at different academic stages, emphasizing evidence-based practices and real-world clinical settings.

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FAQ

What institutions are operated by American Public Education, Inc.?

APEI operates the American Public University System (APUS), which includes American Public University (APU) and American Military University (AMU), as well as Rasmussen University and Hondros College of Nursing.

What types of programs does APEI offer?

APEI offers nearly 100 degree programs in various fields, including homeland security, military studies, intelligence, criminal justice, technology, business administration, public health, nursing, and liberal arts.

How is APEI expanding its reach in higher education?

APEI is integrating emerging technologies like AI-powered classrooms and personalized digital services to enhance teaching and learning experiences. It is also expanding global outreach through its online education model.

What recent achievements has Rasmussen University made?

Rasmussen University has launched new grants and tuition reimbursement programs in collaboration with organizations like GuideWell and Saber Healthcare Group and expanded its Bachelor of Science in Nursing (BSN) program to additional campuses.

How is Hondros College of Nursing meeting the demand for healthcare professionals?

Hondros College of Nursing is expanding its program offerings, such as the new Medical Assisting program, to meet the growing need for healthcare professionals. It focuses on pre-licensure nursing education across multiple campuses.

What financial performance did APEI report in the first quarter of 2024?

APEI reported consolidated revenues of $154.4 million in the first quarter of 2024, a 3.2% year-over-year increase, reflecting consistent revenue growth and a strong liquidity position.

What recognition has APEI received for its educational offerings?

APEI has been named one of the world’s top EdTech companies by TIME Magazine and Statista Inc., highlighting its commitment to academic excellence and technological innovation in education.

What is the mission of American Public Education, Inc.?

APEI is committed to transforming lives, advancing careers, and improving communities through its accessible, affordable, and innovative educational programs and services.

How does APEI support military and veteran students?

APEI, through its institutions like American Military University and American Public University, is the leading educator to active-duty military and veteran students, providing accessible and affordable higher education tailored to their needs.

What partnerships has APEI established to support workforce development?

APEI has established partnerships with organizations like GuideWell and Saber Healthcare Group, offering grants and tuition reimbursement programs to support workforce development and higher education affordability.

American Public Education, Inc.

Nasdaq:APEI

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Colleges, Universities, and Professional Schools
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