Strayer University, formerly Strayer College of Baltimore, Maryland, is a private, for-profit educational institution. The Strayer University campuses are owned by Strayer Education, Inc. (NASDAQ: STRA), headquartered in Arlington, Virginia. Strayer University specializes in higher education for working adults seeking career advancement. Currently, there are approximately 60,000 students enrolled at Strayer University. Strayer University is accredited by the Middle States Commission on Higher Education, a regional accrediting body recognized by the U.S. Secretary of Education and the Council for Higher Education Accreditation. S. Irving Strayer founded a small Maryland college in 1892, Strayer's Business College. In 1969, the school was renamed Strayer College when it received licensure to grant the Bachelor of Science degree. Authorization to grant the Master of Science degree followed in 1987. In 1996, Strayer Education, Inc., was established to take Strayer College public and raise capital for expansion. This expansion included the ability to offer online classes to students around the world.