Investor Presentaiton
APEI Nursing Enrollment Update
1Q 2022
Nursing Enrollment
+2%
8,200 8,400
6,700
Rasmussen
+8%
2,300 2,500
1,600
HCN
+3%
10,500 10,900
8,300
Total Nursing
1Q 2020 1Q 2021 1Q 2022
1Q22 nursing enrollment reached record number
3% growth in nursing in total
• ADN/RN growth increased ~4%
2 Yr
CAGR
+15%
apei
AMERICAN PUBLIC
EDUCATION, INC.
Forecast 2Q 2022
• 2Q22 total nursing student enrollment growth of -1% versus
PY comparable period
Comping to steep 30+% PY growth periods
Represents +14% 2-year CAGR
2Q20
2Q21
2Q22
Ras Nursing
6.400
8,300
8,200
HCN Nursing
1,800
2,400
2,400
"
Total Nursing
8,200
10,700
10,600
% Change
'21/'20
'22/'21 2 Yr CAGR
Ras Nursing
30%
-1%
13%
HCN Nursing
33%
0%
15%
Total Nursing
30%
-1%
14%View entire presentation