EMPLOYMENT AGREEMENT







         THIS EMPLOYMENT AGREEMENT (this "Agreement") is made and entered into

as of April 6, 2001, by and between STRAYER EDUCATION, INC., a Maryland

corporation (the "Company"), and ROBERT S. SILBERMAN (the "Executive").



         WHEREAS, the Company believes that it would benefit from the

application of the Executive's skill, experience and background to the

management and operation of the Company, and that the Executive will make major

contributions to the short- and long-term profitability, growth and financial

strength of the Company; and



         WHEREAS, the Company desires to employ the Executive and the Executive

desires to be employed by the Company; and



         WHEREAS, the Company and the Executive desire to set forth in a written

agreement the terms and conditions of the Executive's employment with the

Company;



         NOW, THEREFORE, in consideration of the premises and of the mutual

covenants herein contained, it is agreed as follows:



         1. Employment. The Company hereby agrees to employ the Executive and

the Executive hereby agrees to be employed by the Company upon the terms and

conditions set forth herein.



         2. Term. The Executive's employment shall be for a term (the

"Employment Term") commencing on March 16, 2001 (the "Commencement Date") and,

subject to termination under Section 8, expiring on December 31, 2004; provided,

however, that commencing on January 1, 2002 and each January 1 thereafter, the

Employment Term will automatically be extended for an additional year unless,

not later than September 30 of the immediately preceding year, the Company or

the Executive shall have given written notice to the other that it or the

Executive, as the case may be, does not wish to have the Employment Term

extended.



         3. Duties of the Executive. The Executive shall serve as the President

and Chief Executive Officer of the Company, and as such shall have primary

responsibility for the oversight, management and general operation of all of the

operations of the Company. The Executive shall report solely to the Company's

Board of Directors (the "Board") and shall be assigned only those executive

policy and management duties that are consistent with the Executive's position

as President and Chief Executive Officer of the Company. The Executive shall

devote substantially all of his working time and his best efforts, full

attention and energies to the business of the Company, the responsibilities

provided for the President and Chief Executive Officer in the Company's Bylaws,

and such other related duties and responsibilities as may from time to time be

reasonably prescribed by the Board; provided, however, that it shall not be a

violation of this Agreement for Executive to (a) devote reasonable periods of

time to





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charitable and community activities (other than serving on boards of

directors, trustees or similar governing bodies of not-for-profit entities

("Not-for-Profit Boards")) and, with the prior written approval of the Board,

devote reasonable periods of time to serving on Not-for-Profit Boards and

engaging in industry or professional activities (including membership on the

board of directors or governing body of other corporations or entities and

participation on governmental panels and commissions), and/or (b) manage

personal business interests and investments, in each case so long as such

activities do not interfere with the performance of Executive's responsibilities

under this Agreement. The Company shall include the Executive in the management

slate for election as a director at every stockholders' meeting during the

Employment Term at which his term as a director would otherwise expire.



4.       Compensation.



          (a) Base Salary. During the Employment Term, the Company shall pay to

the Executive a base salary of not less than $350,000 per annum (the "Base

Salary"). The Board shall review Executive's Base Salary annually (after

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