Shares and Options Outstanding

At March 31, 2012, the Company had 11,863,940 common shares issued and outstanding, and 100,000 stock options outstanding, all vested, with an exercise price of $107.28 and a remaining contractual life of approximately one year.

Business Outlook

Based on enrollments announced for the 2012 spring term, the Company estimates second quarter 2012 diluted EPS will be in the range of $1.84 to $1.86.

Conference Call with Management

Strayer Education, Inc. will host a conference call to discuss its first quarter 2012 earnings at 10:00 a.m. (ET) today. To participate on the live call, investors should dial (877) 303-9047 10 minutes prior to the start time. In addition, the call will be available via live Webcast over the Internet. To access the live Webcast of the conference call, please go to www.strayereducation.com 15 minutes prior to the start time of the call to register. An archived replay of the conference call will be available at (855) 859-2056 (conference id 39822016) starting at 1:00 p.m. (ET) today and will be available through Thursday, May 3, and archived at www.strayereducation.com for 90 days.

About Strayer Education, Inc.

Strayer Education, Inc. (Nasdaq: STRA) is an education services holding company that owns Strayer University and certain other assets. Strayer’s mission is to make higher education achievable for working adults in today’s economy. Strayer University is a proprietary institution of higher learning that offers undergraduate and graduate degree programs in business administration, accounting, information technology, education, health services administration, public administration, and criminal justice to working adult students at 92 campuses in 22 states and Washington, D.C. and worldwide via the Internet. Strayer University also offers an executive MBA online through its Jack Welch Management Institute. Strayer University is committed to providing an education that prepares working adult students for advancement in their careers and professional lives. Founded in 1892, Strayer University is accredited by the Middle States Commission on Higher Education.

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