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American Public Education, Inc. reports developments across its online and campus-based postsecondary education institutions, including American Public University System, Rasmussen University and Hondros College of Nursing. The company operates through APU Global, which serves military, veteran, extended military-family and public-service communities through American Military University and American Public University, and RU Health+, which focuses on nursing and health sciences education through campus and online programs.
Recurring news includes quarterly and annual financial results, enrollment and course-registration updates, nursing program launches, education-technology platform changes, tuition partnerships, academic recognition programs and regulatory developments affecting program growth or student funding.
American Public University System (APUS) and Saber Healthcare Group, have announced a TuitionWise partnership that allows Saber's affiliated employees to earn degrees and certificates using APUS' newly launched TuitionWise Grant. This program enables employees to pursue education with no out-of-pocket tuition costs by combining the company's tuition assistance with an APUS partner grant.
The TuitionWise program is designed to help companies recruit, retain, and upskill employees through meaningful education benefits. APUS offers over 200 programs, including various health sciences courses, which are delivered through an online, asynchronous model with monthly class starts. The partnership aims to support Saber's mission of professional development and employee growth across its 130+ skilled nursing and assisted living facilities in six states.
Rasmussen University and American Public University (APU) are co-hosting a National Virtual Career Fair on October 16, 2024, from 10 a.m. to 2 p.m. CST. This free event, open to the public, will connect job seekers with over 40 leading employers across various industries, including healthcare, technology, business, and government sectors.
The virtual format allows participants to attend from anywhere, offering opportunities to apply for jobs directly, chat live with recruiters, and share resumes. A preparatory webinar will be held on October 9 to guide participants on navigating the platform and engaging with recruiters effectively.
This initiative aims to address current workforce challenges and provide valuable connections in high-growth fields. Both institutions offer comprehensive career services to support students and alumni in their professional development.
Rasmussen University has announced a new corporate alliance with ChildCare Education Institute (CCEI), aiming to support early childhood educators in advancing their education and addressing the growing need for professionals in the field. The collaboration offers qualified CCEI students the opportunity to apply their existing knowledge towards Rasmussen's Early Childhood Education (ECE) programs.
Key benefits include:
- Earning an ECE Associate's degree for as low as $10,000
- Up to 30 credits through self-directed assessments
- Up to 12 credits waived for CDA® credential holders
- Tuition grant opportunities for ECE Bachelor's degree programs
This alliance addresses the projected 15% growth in early childhood education jobs from 2022 to 2032, as reported by the Bureau of Labor Statistics. It aims to provide accessible and affordable pathways for aspiring educators while strengthening the field with advanced education opportunities.
American Public University System (APUS) and the Policy Studies Organization (PSO) are hosting the inaugural Sport United Conference, a free virtual event focusing on sport and Esport management, scheduled for November 7-8, 2024. The conference is accepting speaking proposals until September 30 and will feature keynote speaker Paul Rabil, co-founder of the Premier Lacrosse League.
The event will explore topics such as name, image, and likeness (NIL), technologies reshaping sports, and coaching & athlete development. Notable speakers include experts from academia, sports organizations, and the private sector. The conference aims to foster collaboration between sport and Esport academia and industry, offering insights into the challenges and opportunities at the intersection of sports and policy.
American Public University System (APUS) and the Policy Studies Organization (PSO) are hosting the fifth annual Space Education & Strategic Applications (SESA) virtual conference on September 19-20, 2024. The free event, themed 'Preparing for the Cosmos: Readying the Next Generation of Space Explorers,' features keynote speakers including:
- Dr. Sian Proctor, SpaceX Inspiration4 pilot and social media star
- John F. Bentivegna, Chief Master Sergeant of the U.S. Space Force
- Carl Starr, Former James Webb Space Telescope Mission Ops Manager
The conference aims to bring together innovators, researchers, and decision-makers from the space community. A special 'Star Party' using APUS' 24-inch planewave research grade telescope will be held on September 19 at 9 p.m. ET.
American Public University System (APUS) and Policy Studies Organization (PSO) co-hosted a virtual conference on AI and the Future of Education, attracting over 1,000 registrants from 19 countries. The two-day event featured keynotes from AI experts, including Dr. Matthew Lease, Dr. Michael Jabbour, and Lori Glover, J.D. U.S. Rep. Dr. Jay Obernolte provided special remarks on AI's impact on education and economic growth.
The conference explored topics such as AI-driven personalized learning, ethical considerations, and future workforce needs. APUS President Nuno Fernandes emphasized the importance of adapting to technological advancements. Panels with educators addressed critical issues like data privacy and equitable access to AI tools. Recordings are available on PSO's YouTube channel, with a summary of key takeaways to be shared on the APUS Edge blog.
American Public University System (APUS) has expanded its partnership with LifeRamp to offer free professional coaching to all students at American Public University and American Military University. Previously to students nearing program completion, this service is now available from the first day of class. The ICF-certified coaching is provided in four languages (English, Spanish, French, and Portuguese) through LifeRamp's Launch 360° service.
This initiative enhances APUS's student services, which include AI-powered resume building, an online job board, virtual career fairs, and more. The coaching aims to support students in their personal and professional development, offering personalized guidance on strength assessment, goal planning, and skill improvement.
American Public Education, Inc. (APEI) reported Q2 2024 financial results, showing positive growth trends. Consolidated revenue increased 3.9% year-over-year to $152.9 million. Net loss improved to ($1.2) million, compared to ($52.7) million in Q2 2023. Adjusted EBITDA rose 24% to $10.9 million. Notably, Rasmussen University saw its first year-over-year enrollment increase since acquisition.
APEI reiterated its full-year 2024 guidance, projecting revenue of $620-$630 million, net income of $6-$13 million, and Adjusted EBITDA of $60-$70 million. The company highlighted improved performance across its educational institutions, with APUS showing continued growth in registrations and Hondros College of Nursing reaching record enrollment levels.
Rasmussen University has announced a new corporate alliance with Aspire Health Group, a leading long-term healthcare provider in Florida. The alliance aims to support Aspire Health Group's 6,000+ employees in advancing their education while addressing the nursing shortage in Florida's long-term care facilities. The partnership includes a tuition grant for qualified employees on various programs, including Practical Nursing (LPN), Professional Nursing (ADN), and Bachelor of Science in Nursing (BSN).
This collaboration comes at a important time as Florida's aging population is projected to increase significantly, with the 85+ age group expected to more than triple by 2030. Rasmussen University, a national leader in nursing education with five campuses in Florida, offers comprehensive support services and experienced faculty to ensure student success.
American Public Education, Inc. (NASDAQ: APEI) has scheduled its second quarter 2024 earnings call for Tuesday, August 6, 2024, at 5:00 PM Eastern Time. The company, which operates a portfolio of education companies providing online and campus-based postsecondary education and career learning to over 125,000 students through four subsidiary institutions, will discuss its financial results for the quarter ended June 30, 2024.
Financial results will be released in a press release prior to the call. Investors and interested parties can access the webcast through a provided link or via the company's website. A replay of the conference call will be available through August 6, 2025, allowing for extended access to the discussion.