Investor Presentaiton

Enrollment and Registration Summary APUS Registrations Total Rasmussen Enrollment 2Q 2023 2Q 2022 % Change 88,300 83,500 6% 13,900 15,900 -12% Rasmussen Nursing Enrollment 6,400 8,200 -22% Rasmussen Non-Nursing Enrollment 7,500 7,700 -3% HCN Enrollment 3,000 2,440 22% apei AMERICAN PUBLIC EDUCATION, INC. 16

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