Exhibit 99.1


                 DeVry Agrees to Sell Denver Building

    OAKBROOK TERRACE, Ill.--(BUSINESS WIRE)--July 19, 2005--DeVry Inc.
(NYSE:DV), an international higher education company, announced today
that during the fourth quarter of fiscal 2005 it entered into an
agreement to sell its building located at 925 South Niagara Street, in
Denver, Colorado. The building was acquired in 1999 with the
acquisition of Denver Technical College. DeVry University will
relocate classes held at this facility to other Denver-area sites.
    The company estimates that in the fiscal 2005 fourth quarter it
will take a charge of approximately $1.0 million, reflecting the
contractual sale price less estimated selling costs, compared to its
historic book value. The sale is contingent upon completion of due
diligence by the prospective purchasers.
    "This transaction is consistent with our five-point growth plan,"
said Daniel Hamburger, DeVry's president and chief operating officer.
"We remain focused on operational effectiveness, which includes better
matching expenses with anticipated revenue levels and increasing
capacity utilization."

    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.devryinc.com.

    Certain statements contained in this release, including those that
affect DeVry's expectations or plans, may constitute forward-looking
statements pursuant to the safe harbor provision of the Private
Securities Litigation Reform Act of 1995. Such statements are subject
to 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
             Sarah Komuniecki (Media), 312-780-7208