American Public Education (APEI)

The American Public University segment is the company’s largest revenue contributor and includes American Public University System, which is known for distance-learning programs designed for students who need flexibility around work, service, or family commitments. Its academic offerings cover areas such as business administration, criminal justice, homeland security, intelligence, national security, military studies, education, technology, liberal arts, and health science. The institution has historically had a strong connection with military and public-service communities, although its programs are available to a broader student base.

American Public Education also operates Rasmussen University, which expands the company’s reach in career-oriented higher education. Rasmussen provides online and campus-based programs across fields including nursing, health sciences, business, education, technology, and justice studies. Hondros College of Nursing adds a specialized nursing education platform, with programs aimed at preparing students for licensed practical nursing and registered nursing career paths.

The company operates in a highly regulated and competitive sector where outcomes, affordability, accreditation, student retention, and access to federal financial aid are critical. Its business is shaped by demand for flexible education, healthcare workforce needs, employer expectations, and the ability of its institutions to deliver programs that align with student career goals.