Exhibit 99.1

       DeVry University to Offer West Hills Facility For Sale;
                   Expanding to San Bernardino Area

    OAKBROOK TERRACE, Ill.--(BUSINESS WIRE)--Dec. 15, 2005--DeVry
University, a subsidiary of DeVry Inc. (NYSE:DV), announced today that
it plans to offer for sale its building and land located at 22801
Roscoe Boulevard in West Hills, California. The university plans to
remain in the San Fernando Valley area and is considering other new
facilities in the vicinity to meet current and future student demand.
    The university also announced plans to expand into the San
Bernardino, California, area with the opening of a new DeVry
University Center in Colton. At the new Colton center, DeVry
University will offer undergraduate degree programs in business
administration, technical management and computer information systems,
as well as graduate degree programs in business administration,
project management and information systems management through its
Keller Graduate School of Management. Classes are expected to begin by
summer 2006.
    "In addition to the new location, we will continue to serve the
southern California market through our Irvine, Long Beach, Pomona and
San Diego facilities," said John Skubiak, president of DeVry
University. "The proposed sale of the West Hills facility is
consistent with our efforts to improve operational efficiency by
matching our facility needs to our student population."
    As one of the largest degree-granting higher education systems in
North America, DeVry University provides high-quality, career-oriented
associate, bachelor's and master's degree programs in technology,
business and management. Approximately 53,000 students are enrolled at
its 78 locations that are in 22 states and Canada, as well as through
DeVry University Online. DeVry University is accredited by The Higher
Learning Commission and is a member of the North Central Association
(NCA). DeVry University, a division of DeVry Inc. (NYSE:DV), is based
in Oakbrook Terrace, Ill. For more information about DeVry University,
visit http://www.devry.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 degree programs. 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
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 subject to the Safe Harbor Provision of the Private
Securities Litigation Reform Act of 1995. Actual results may differ
materially from those projected or implied by these forward-looking
statements. Potential risks, uncertainties and other factors that
could cause results to differ are described in the Company's most
recent Annual Report on Form 10-K for the year ending June 30, 2005
filed with the SEC September 13, 2005, especially in the section
entitled "Forward-Looking Statements" at the beginning of Part I and
in the subsections of "Item 1 - Business" entitled "Competition,"
"Student Recruiting," "Accreditation and Approvals," "Tuition and
Fees," "Financial Aid and Financing Student Education," "Career
Services" and "Faculty."

    CONTACT: DeVry Inc.
             Joan Bates (Investor), 630-574-1949
             jbates@devry.com
             or
             Dresner Corporate Services
             Sarah Komuniecki (Media), 312-780-7208
             skomuniecki@dresnerco.com