American Public Education, Inc. APEI

Company Overview

American Public Education, Inc. (APEI) is a publicly traded higher education company that provides online and campus-based postsecondary education programs in the United States. The company operates in the education services industry, with a focus on adult learners, military-affiliated students, healthcare professionals, public service personnel, and nursing students. APEI generates revenue primarily through tuition and educational fees across undergraduate, graduate, doctoral, certificate, and professional training programs. Its operations are structured around several institutions, including American Public University System (APUS), Rasmussen University, and Hondros College of Nursing.

APEI was founded in 1991 by retired Marine Corps officer James P. Etter with the creation of American Military University, initially designed to serve military personnel through distance learning. The company later expanded into broader civilian education markets through American Public University and subsequent acquisitions. Over time, APEI evolved from a niche online military-focused institution into a diversified education provider with online, hybrid, and campus-based healthcare and nursing education offerings. The company’s positioning has historically emphasized affordability, flexibility, and accessibility for working adults and nontraditional students.