American Public Education, Inc. · NASDAQ:APEI

American Public Education — Earnings Presentation (May 2016)

8 slides from American Public Education's earnings presentation, May 9, 2016

1. Slide 1: Exhibit 99.3

   Exhibit 99.3

2. Slide 2: Slide 2

3. Slide 3: American Public Education, Inc. overview and financial highlights

   tbuckrion, € =e h 2016 = American Public Education, Inc. (NAs APEl} is a leading education Revenue services provider faunded to prepare adult learners for service and leadership ina TICKER: APEI $327,910 diverse glabal economy El offers respected, innovative and affordable educational r programs and

4. Slide 4: Slide 4

5. Slide 5: Slide 5

6. Slide 6: Slide 6

7. Slide 7: APUS American Public University System

   APUS American Public University System Enrollment by Degree Level Enrollment by School An online mstitution of higher learning serving the needs of military, public service and civilian coment erican Military University (AMU) and American Public U 14,800 63% Bachelors % Security & Global Studie Publ

8. Slide 8: Slide 8

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