Exhibit 99.1


            DeVry Inc. Provides Update on Workforce Reduction Program


    OAKBROOK TERRACE, Ill.--(BUSINESS WIRE)--May 19, 2005--DeVry Inc.
(NYSE:DV), an international higher education company, today announced
that on May 18, 2005, DeVry University implemented a reduction in
force of full-time and part-time faculty positions at its campuses
throughout North America.
    In order to improve operational effectiveness, DeVry University
previously implemented two Voluntary Separation Plans (VSP) during the
current fiscal year. While these voluntary plans have helped to align
resources with needs, they have not been sufficient to totally offset
enrollment declines at DeVry University's campuses. The most recent
reductions in force affected 134 people following a recently completed
evaluation of DeVry's campus-based instructional needs for the 2006
fiscal year.
    The company estimates that at least $6 million in annual salary
and benefit costs will be eliminated by these actions, but due to
severance costs associated with implementing these workforce
reductions, savings will not positively impact financial results until
fiscal 2006 and beyond.
    "We highly value the contributions of all of our instructors, and
do not make these decisions without serious consideration," said
Ronald L. Taylor, DeVry's chief executive officer. "A major focus of
our turnaround plan is to increase operational effectiveness, and
these actions will help DeVry University better align its workforce
resources with the changes in demand we are experiencing for more
part-time, online, and business-focused programs."

    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.

    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 (Investor), 630-574-1949
             or
             Dresner Corporate Services
             Kyra Kyles (Media), 312-780-7208