Exhibit 99.1


     DeVry Inc. Reports Progress On Real Estate Optimization Plan


    OAKBROOK TERRACE, Ill.--(BUSINESS WIRE)--Sept. 18, 2007--DeVry
Inc. (NYSE: DV), an international higher education organization,
announced today that it has completed real estate transactions at
three campus locations.

    On September 13, 2007, DeVry University completed the sale of its
120,000 square foot campus in Phoenix, Ariz., and 102,000 square foot
campus in Seattle, Wash., for approximately $28.4 million, leasing
back approximately 60 percent of the total space of both locations.
This transaction results in an upfront accounting charge of
approximately $4.4 million, with an accounting gain of approximately
$6.6 million recognized ratably as a reduction of lease expense over
the 10-year lease period due to the leaseback of a portion of the
original space. In addition to the incremental return generated from
proceeds of the sale, this transaction will result in a projected
improvement in operating income of $1.0 million per year.

    In addition, on September 7, 2007, DeVry University exercised its
option to purchase its 65,000 square foot Alpharetta, Ga., campus and
immediately following the acquisition executed a sale-leaseback on the
property with a different party. DeVry University is leasing back the
entire campus for a projected cost savings of approximately $200,000
per year. Also, in connection with this transaction, DeVry will
accelerate the recognition of approximately $0.5 million of remaining
deferred lease credits associated with the original lease as a
reduction of lease expense in September 2007. These transactions
follow similar actions announced previously involving the West Hills,
Calgary, and Dallas campus facilities, all of which were consistent
with DeVry's real estate optimization strategy.

    "These actions reflect our ongoing commitment to provide economic
value and improve operating results through the optimization of our
real estate assets," said Daniel Hamburger, president and CEO, DeVry
Inc. "We will continue to evaluate opportunities to reduce our
operating costs while delivering the best facilities and services
possible to meet the needs of our current and future students."

    About DeVry Inc.

    DeVry Inc. (NYSE: DV) is the parent organization of DeVry
University, Ross University, Chamberlain 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, healthcare 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. Chamberlain 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. For more information, visit
http://www.devryinc.com.

    Certain statements contained in this release concerning DeVry's
future performance, including those statements concerning 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. These forward-looking statements
generally can be identified by phrases such as DeVry Inc. or its
management "believes," "expects," "anticipates," "foresees,"
"forecasts," "estimates" or other words or phrases of similar import.
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
more fully in Item 1A, "Risk Factors," in the Company's most recent
Annual Report on Form 10-K for the year ending June 30, 2007 and filed
with the Securities and Exchange Commission on August 24, 2007.


    CONTACT: DeVry Inc.
             Investor Contact:
             Joan Bates
             jbates@devry.com
             630-574-1949
             or
             Dresner Corporate Services
             Media Contact:
             David Gutierrez
             dgutierrez@dresnerco.com
             312-780-7204