Press Release Details

Gary Spoales Joins American Public University System as Director of Financial Service Operations

October 1, 2008


Gary Spoales, an experienced higher education and student financial aid executive, has been selected as Director of Financial Service Operations for American Public University System (APUS). APUS is an accredited, affordable, online university system that serves more than 33,000 adult learners studying in 50 states and more than 100 countries. Spoales will play an integral role in leading the expansion, innovation, and continual improvement of student financial aid operations at APUS.

"Gary brings more than 30 years of student financial aid knowledge to our expanding financial services operations," said Harry T. Wilkins, Executive Vice President and Chief Financial Officer for APUS. "His industry leadership and successful track record will be a tremendous asset to APUS as our student population continues its rapid growth."

Spoales has lead several successful student financial aid operations at a number of institutions of higher learning. He intends to use his expertise at APUS to create more efficient access to student financial aid, thus opening the marketplace for more students to pursue higher education.

"We believe his expertise will help more students take advantage of our affordable degree programs," added Mr. Wilkins.

Prior to joining APUS, Spoales served as Vice President of Education Consulting Services, a company that provides education financial planning and consulting to families and schools. He held several management positions with Bank of America Student Banking Group and served as a Director of Financial Aid Services for University of Maryland University College (UMUC). His experience also includes financial aid management and leadership at George Mason University, Beacon College, Capitol Institute of Technology, St. Johns College, and Bay College.

Spoales holds a master's degree in Education with a concentration in higher education administration from George Washington University and a bachelor's degree in Business Administration from Clarion State College.

About Public University System

American Public University System includes American Public University and American Military University and educates more than 33,000 adult learners worldwide. APUS offers 73 degrees in its online undergraduate and graduate programs. Courses are taught by professors who are experienced in the real-world subjects that they teach. APUS's relevant curriculum, affordability and flexibility allows working adults to pursue degrees that will help them advance in a variety of career fields, including business, information technology, education and management. APUS also provides specialized education in homeland security, national security and emergency and disaster management. A university book grant provides textbooks at no cost for eligible undergraduate students. American Public University System is a wholly-owned subsidiary of American Public Education, Inc. (NASDAQ:APEI). For more information, please visit

Forward Looking Statements

Statements made in this press release regarding American Public Education, or its subsidiaries, that are not historical facts are forward-looking statements based on current expectations, assumptions, estimates and projections about American Public Education and the industry. These forward-looking statements are subject to risks and uncertainties that could cause actual future events or results to differ materially from such statements. Forward-looking statements can be identified by words such as "anticipate", "believe", "could", "estimate", "expect", "intend", "may", "should", "will" and "would". These forward-looking statements include, without limitation, statements in the press release above and statements regarding expected growth. Actual results could differ materially from those expressed or implied by these forward-looking statements as a result of various factors, including the various risks described in the "Risk Factors" section and elsewhere in the Company's Annual Report on Form 10-K for the year ended December 31, 2007 as filed with the SEC. The Company undertakes no obligation to update publicly any forward-looking statements for any reason, even if new information becomes available or other events occur in the future.

Source: American Public Education, Inc.