Exhibit 99.1

        DeVry Inc. Completes Acquisition of Deaconess College of Nursing

    Business Editors/Health/Medical Writers/Education Editors

    OAKBROOK TERRACE, Ill.--(BUSINESS WIRE)--March 24, 2005--DeVry
Inc. announced today it has completed the acquisition of Deaconess
College of Nursing for approximately $5.3 million in cash.
    Deaconess offers associate and bachelor's degree programs in
nursing and a bachelor's degree completion program designed for
registered nurses who have previously completed an associate degree
program. Located in St. Louis, Missouri, the school currently enrolls
approximately 450 students.
    Integral to DeVry's decision to acquire Deaconess are industry
factors, such as the U.S. Department of Health and Human Services'
statistics that the shortage of nurses reached 100,000 in 2000. In
addition, the strong demand for qualified nurses is expected to
continue and to outpace supply through 2020.
    "Deaconess provides a strategic and well-timed entry into the high
demand field of nursing education and broadens our presence in the
health care field," said Ronald L. Taylor, DeVry's chief executive
officer. "We are excited to have Deaconess join the DeVry organization
and look forward to providing access to high quality nursing education
in markets outside of the St. Louis area."
    Deaconess College of Nursing is accredited by the Higher Learning
Commission of the North Central Association, the National League for
Nursing Accrediting Commission and the Commission on Collegiate
Nursing Education. For more information about Deaconess College of
Nursing, visit its web site at www.deaconess.edu.

    DeVry Inc. (NYSE:DV) is the holding company for DeVry University,
Ross University, Deaconess College of Nursing 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. Deaconess College
of Nursing offers associate and bachelor's degree programs in nursing.
Becker Professional Review, which includes Stalla CFA 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.



    CONTACT: DeVry Inc.
             Joan Bates (Investor Contact), 630-574-1949
             or
             Dresner Corporate Services
             Kyra Kyles (Media Contact), 312-780-7208