Exhibit 99.1

      DeVry University Issues Statement Regarding Student Lender Practices

     OAKBROOK TERRACE, Ill.--(BUSINESS WIRE)--April 19, 2007--DeVry University
announced today that it was one of the more than 60 colleges and universities
that in February received an inquiry from the New York Attorney General
regarding its student lender practices, and that it has cooperated fully in the
review.

     The New York Attorney General's Office has focused on relationships between
higher education institutions and student loan providers designated as
"preferred lenders" by these institutions for their students.

     As a result of an internal review, DeVry University has determined that no
employee of DeVry received from any lender any form of consideration such as
stock, payments for consulting work or honorium for sitting on any advisory
board. In addition, during the 2004-2005 school year, it received $88,122 in
fees associated with a single private loan program from one of its nine
preferred lenders at the time, Citibank. The private loan program with Citibank
was distinct from the university's need-based financial aid program. Citibank
was on the list of preferred lenders prior to and during the one year the fees
were paid, but has not been a preferred lender since that time. DeVry University
also determined that it has not accepted any referral or marketing fees from any
other lenders.

     DeVry University maintains a preferred lender list as a service to
students, and selects the lenders through open and competitive requests for
proposals. The preferred list helps students sort through an array of loan
offers they may receive from scores of lenders. The university designates
preferred lenders based on their ability to provide services including the
following:

     -- Competitive rates and terms for students

     -- Access to and reliable delivery of both federal and private funds

     -- High-quality customer service to borrowers

     In the past, DeVry University's preferred lenders have hosted or sponsored
business meetings and/or training seminars for the school's student finance
staff - all of which were related to improving service to students. Several
university employees have been appointed to sit on lender advisory boards. DeVry
University will absorb any costs related to employees who sit on lender advisory
boards, or attend any lender-sponsored training or services.

     In fiscal 2006, DeVry University disbursed more than $725 million in
financial aid funds to its students, an increase of more than 10 percent over
the prior year. DeVry University is dedicated to helping its students gain
access to higher education by providing a number of options for students to
finance their education.

     About DeVry University

     As one of the largest degree-granting higher education systems in North
America, DeVry University and its Keller Graduate School of Management provide
high-quality, career-oriented associate, bachelor's and master's degree programs
in technology, healthcare technology, business and management. More than 52,000
students are enrolled at its 84 locations in 24 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.


     CONTACT: Media Contact:
              Jasculca Terman & Associates
              Bill Strong
              bstrong@jtpr.com
              312-573-5474
              or
              Investor Contact:
              DeVry Inc.
              Joan Bates
              Director of Investor Relations
              jbates@devry.com
              630-574-1949