Exhibit 99.1

DeVry Inc. Appoints Daniel Hamburger President and Chief Operating
Officer

    OAKBROOK TERRACE, Ill.--(BUSINESS WIRE)--June 28, 2004--

       Ronald Taylor Takes Lead Role as Chief Executive Officer;
         Dennis Keller Remains Chairman; O. John Skubiak Named
                      President, DeVry University

    DeVry Inc. (NYSE:DV), an international higher-education company,
today announced the appointment of Daniel Hamburger as its president
and chief operating officer, effective July 1, 2004. Hamburger has
served as executive vice president of the company since 2002. Ronald
L. Taylor will become the company's chief executive officer. Taylor
currently serves as co-CEO with Dennis J. Keller, who will remain
chairman of the board of directors. As part of this transition, O.
John Skubiak, executive vice president of the company, will also
assume the title of president of DeVry University.
    "Having successfully directed the growth of DeVry University
Online and Becker Professional Review, Daniel is fully prepared for a
significant expansion of his responsibilities," stated Ronald L.
Taylor. "In his new role, he will assume responsibility for managing
our operations and implementing plans for expansion."
    Regarding the appointment of Skubiak as president of DeVry
University, Taylor added, "John Skubiak has directed the operations of
DeVry University for the past two years. In addition, he has held
senior management positions with Keller Graduate School of Management
and DeVry Institutes for over 25 years. His record of performance in
marketing, student recruitment and school operations is outstanding."
    Hamburger has extensive executive leadership experience in both
high growth startups and large organizations with successful Internet
and technology-based ventures. He was previously chairman and chief
executive officer of Indeliq, a developer of simulation-based training
software, which merged with Accenture Learning in 2002. From 1998 to
2000, Hamburger was president of W.W. Grainger's Internet Commerce
Division.
    Hamburger commented, "DeVry today is an operationally strong,
technologically advanced, and financially sound industry leader in
post-secondary education, but we see opportunities for improvement. We
will work diligently to improve our operating efficiencies, accelerate
top-line growth, expand margins and positively impact the returns we
generate for our shareholders."
    Ronald L. Taylor has served as the company's president and co-CEO
since November 2002, as president and chief operating officer since
1980 and as a director since 1973. In 1973, Taylor and Keller
co-founded Keller Graduate School of Management, which has evolved
into today's DeVry Inc.
    "Ron and I have worked together successfully for over 30 years,
and he has a proven ability to envision DeVry's strategy, lead and
motivate our management team, and create a growth plan," said Dennis
J. Keller. "Now is an opportune time for us to move ahead with our
succession plan and to separate the roles of chairman and chief
executive officer, which today is widely recognized as best practice
in corporate governance."
    "We believe DeVry is about to begin an exciting period in its
business cycle, with the company well positioned to achieve long-term
growth. These management changes will allow the company to focus on
increasing undergraduate enrollment, expanding the DeVry University
Center model and maintaining its leadership position in high quality
post-secondary education," added Keller.

    DeVry Inc. (NYSE: DV) is the holding company for DeVry University,
Ross University and Becker Professional Review. DeVry University,
which includes Keller Graduate School of Management, offers associate,
bachelor's and master's degree programs in technology, business and
management. Ross University, through its schools of Medicine and
Veterinary Medicine, offers both doctor of medicine and doctor of
veterinary medicine degrees. Becker Professional Review provides
preparatory coursework for the certified public accountant, certified
management accountant and chartered financial analyst exams. DeVry
Inc. is based in Oakbrook Terrace, Ill. For more information about the
company, visit http://www.devry.com.

    Certain information contained in this release may constitute
forward-looking statements pursuant to the safe harbor provision of
the Private Securities Litigation Reform Act of 1995. Such statements
may involve risks and uncertainties that could cause actual results to
differ materially from the forward-looking statements. Potential risks
and uncertainties include, but are not limited to, market conditions,
dependence on student financial aid, state and provincial approval and
licensing requirements, and the other factors detailed in the
company's Securities and Exchange Commission filings, including those
discussed under the heading "Risk Factors" in the Company's
Registration Statement on Form S-3 (No. 333-22457) filed with the SEC.

    CONTACT: DeVry Inc.
             Joan Bates, 630-574-1949 (Investor Relations)
             Jonelle Niffenegger, 630-706-3212 (Media Relations)