Dr. Wade Dy-e left APUS to pursue another opportunity (according to today's earnings call).
https://www.fool.com/earnings/call-transcripts/2021/11/08/american-public-education-inc-apei-q3-2021-earning/
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It seems as if they are sugar-coating as much as they can!
And they borrowed $175 million for the Rasmussen deal...
https://www.fool.com/earnings/call-transcripts/2021/11/08/american-public-education-inc-apei-q3-2021-earning/
And they lost money. "Net loss for the period was $0.3 million, compared to net income of $2.6 million for the three months ended September 30, 2021, a decrease of $2.9 million."
https://www.marketwatch.com/press-release/american-public-education-reports-third-quarter-2021-results-2021-11-08?siteid=nbsh