FORM 4 Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(h) of the Investment Company Act of 1940

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(Print or Type Responses)

1. Name and Address of Reporting Person * HOEHN SARIC RULDOLF CHRISTOPHER   2. Issuer Name and Ticker or Trading Symbol LAUREATE EDUCATION, INC. [laur] 5. Relationship of Reporting Person(s) to Issuer (Check all applicable) __X__ Director _____ 10% Owner _____ Officer (give title below) _____ Other (specify below) (Last) (First) (Middle) 1001 FLEET STREET 3. Date of Earliest Transaction (Month/Day/Year) 01/03/2005 (Street) BALTIMORE, MD 21202 4. If Amendment, Date Original Filed(Month/Day/Year) 6. Individual or Joint/Group Filing(Check Applicable Line) _X_ Form filed by One Reporting Person ___ Form filed by More than One Reporting Person (City) (State) (Zip) Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned

1.Title of Security (Instr. 3) 2. Transaction Date (Month/Day/Year) 2A. Deemed Execution Date, if any (Month/Day/Year) 3. Transaction Code (Instr. 8) 4. Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5) 5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4) 6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 7. Nature of Indirect Beneficial Ownership (Instr. 4) Code V Amount (A) or (D) Price common stock 01/06/2005   J(1)   97,631 D (5) 120,708 D

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Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)

1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4, and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Underlying Securities (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of Derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form of Derivative Security: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares
options	$ 4.89	01/03/2005	01/06/2005(2)	M(3)			36,000	(4)	08/25/2005	common stock	36,000	$ 44.3674	5,687	D
options	$ 4.89	01/04/2005	01/07/2005(2)	M(3)			5,687	(4)	08/25/2005	common stock	5,687	$ 44.4006	0	D
options	$ 7.5	01/04/2005	01/07/2005(2)	M(3)			3,313	(4)	12/31/2005	common stock	3,313	$ 44.4006	102,437	D
options	$ 7.5	01/05/2005	01/10/2005(2)	M(3)			13,889	(4)	12/31/2005	common stock	13,889	$ 45.0008	88,548	D
options	$ 7.5	01/06/2005	01/11/2005(2)	M(3)			1,400	(4)	12/31/2005	common stock	1,400	$ 45	87,148	D
options	$ 13.55							(4)	03/29/2006	common stock	558,000		558,000	D
options	$ 24.33							(4)	04/01/2008	common stock	252,000		252,000	D
options	$ 26.67							(4)	02/23/2008	common stock	52,328		52,328	D
options	$ 31.25							(4)	05/22/2008	common stock	100,000		100,000	D
options	$ 3.59							(4)	12/01/2009	common stock	605,683		605,683	D
options	$ 29.63							(4)	01/02/2014	common stock	6,500		6,500	D
options	$ 44.18	01/03/2005	(7)	G(8)		6,500		(4)	01/03/2015	common stock	6,500	$ 44.18	1,668,159 (6)	D

Reporting Owners

Reporting Owner Name / Address	Relationships
	Director	10% Owner	Officer	Other
HOEHN SARIC RULDOLF CHRISTOPHER 1001 FLEET STREET BALTIMORE, MD 21202	X

Signatures

R. Christopher Hoehn-Saric		01/07/2005
**Signature of Reporting Person		Date

Explanation of Responses:

*	If the form is filed by more than one reporting person, see Instruction 4(b)(v).
**	Intentional misstatements or omissions of facts constitute Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
(1)	Transfer of shares to Kathy J. Taslitz c/o Sterling Capital to satisfy an obligation to the transferee. Transferor has received no consideration in exchange for the shares. The transfer is not a sale of securities.
(2)	Trade Settlement Date.
(3)	Exercise of Non-Qualified stock options pursuant to a 10b5-1 plan.
(4)	All options are currently exercisable.
(5)	Not applicable.
(6)	Represents grand total of all stock options owned.
(7)	Transaction will be deemed executed upon full execution of stock option agreement.
(8)	Grant of non-qualified stock options as a result of Directorship on Laureate's Board of Directors.

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