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    Strayer Education Inc.
    list rank

    From the April 28, 1997 Washington Post


    '96 (in $ 000s) % Change From '95
    Revenue 45,005 17.8
    Net Income 14,312 103.0
    Rank Last Year: None

    Description:
    Strayer Education is a regional education firm offering undergraduate and graduate degrees in business-oriented subjects at nine locations in the District, Northern Virginia and Prince George's County. It has more than 8,000 students, most of whom are working adults.

    Business Resume:
    • Contact Info --
      1025 15th St., NW
      Washington, D.C. 20005
      202-408-2400
    • Main Business --
      Education
    • Founded --
      1892
    • Chairperson --
      Stanley G. Elmore
    • President --
      Ron K. Bailey (CEO)
    • Employees --
      805
    • D.C.-Area Employees --
      805
    Developments:
    Strayer, founded in 1892 as Strayer's Business College in Baltimore, was bought by its president, Ron K. Bailey, in 1989. It went public last July with the sale of 3 million shares at $10 a share. The company filed last month for the sale of another 1.15 million shares.

    Part of the proceeds from the pending sale would be used to expand Strayer's student loan program and possibly to finance a $3 million acquisition of a 10th campus in Alexandria, the company said. The company began classes in Prince George's County this month.

    "With the approval to expand our programs into Maryland, new possibilities exist for growth," Bailey said in a statement early this year. He said Strayer also intends to increase the number of courses it offers through the Internet and to expand its links to both governments and corporations who use the firm to provide courses for their employees.

    Copyright 1997 The Washington Post

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