"We are very fortunate and pleased to have Dr. Toe as president of Strayer University," said Robert S. Silberman, Chairman and Chief Executive Officer for Strayer Education, Inc., the holding company for Strayer University. "He has a proven track record of success in academics, strong intellect, and has served as a driving force in maintaining the highest levels of teaching standards."

In December 2002, the University created a presidential search committee which included representatives from academics, the board of trustees, Strayer University Online, and University management. The search for a new president began when Dr. Donald R. Stoddard, former Strayer University president, announced his retirement.

"The search committee conducted an intensive nationwide search for the Strayer University president position," said Scott W. Steffey, Chairman, Strayer University Board of Trustees and Executive Vice President and Chief Operating Officer of Strayer Education, Inc. "After meeting with numerous candidates, we were convinced that Dr. Toe had the strongest background of academic and leadership experience combined with a solid understanding of Strayer University and its mission. We look forward to his leadership as Strayer University continues to reach adults nationally and internationally in their pursuit of a college education."

As President of Strayer University, Dr. Toe will serve as chief academic officer and supervise the overall academic direction of the University, ensure compliance with the standards of all accrediting and licensing agencies and work with the University's board of trustees to further the broad vision, mission, and growth of Strayer University. In addition, he will provide guidance and supervision to Strayer University's regional academic directors and the academic deans.

Dr. Toe joined Strayer University in 1994 as a professor at the Alexandria, Va. campus. During his nine-year tenure with the University, he served positions of increasing responsibility including, director of graduate programs, campus dean, administrative dean and academic dean. Since 2001 he has served as the University's provost and academic dean. In this position he worked closely with the University president to build and solidify the University's reputation as an institution of high academic quality. Most recently, Dr. Toe served as acting University president.

"Through my years at Strayer, I have seen the University grow and broaden its mission," said Dr. J. Chris Toe, president, Strayer University. "We enjoy our reputation as a highly respected institution that is recognized by regional accreditation because of our single-minded focus on quality. My vision is to continue our work as a premier provider of quality, competency- based, post-secondary education while supporting our goal of becoming a nationwide university."

Dr. Toe earned both his master's degree and his doctorate in economics from Texas Tech University. A native of Liberia, he earned a bachelor's degree in economics from the University of Liberia. Prior to joining Strayer University, Dr. Toe served as an associate professor at Texas Tech University. He also worked as an economics consultant in Rome, Italy and Monrovia, Liberia from 1991 to 1993. Dr. Toe resides in Manassas, Va. with his wife Jeannine and his three children.

 Founded in 1892, Strayer University provides undergraduate and graduate degrees in business administration, accounting and information technology. The University also offers undergraduate and graduate degree programs online to students in all 50 states and throughout the world via Strayer University Online. The University, with more than 16,500 students, is accredited by the Middle States Commission on Higher Education.

Strayer University, a wholly-owned subsidiary of Strayer Education Inc. (Nasdaq: STRA - News), operates 22 campuses in Maryland, Virginia, Washington, D.C., North Carolina and Tennessee. For more information on Strayer University please visit the Web site at www.strayer.edu or call 1-888-4-STRAYER (888-478-7293).