DeVry Inc. Student Loans In Good Standing

OAKBROOK TERRACE, Ill.--(Business Wire)--DeVry Inc. (NYSE: DV), a global provider of educational services,
clarified today its status with Sallie Mae as a private loan provider
and the impact of private funding developments on its students.

Sallie Mae has informed DeVry that it will discontinue its
Discount Loan Program that typically served higher credit risk
students. DeVry understands that Sallie Mae's decision applies to all
colleges and universities. This program comprised approximately $2
million in loan volume at DeVry in the first half of the fiscal year -
less than 1% of revenue. Sallie Mae has also confirmed that this
decision does not affect any other loan program provided to DeVry's
students.

Further, DeVry believes that recent developments in the student
lending industry should not have a material impact on its students.
These students should continue to have access to the funding they need
to finance their education for reasons that include:

-- Increases in annual federal loan limits have eased the need
for supplemental private loans like those previously available
through the Discount Loan Program; in fact, use of private
loans by DeVry students in the first half of the fiscal year
is lower than it was last year

-- DeVry's longer-term degree programs often translate into
higher incomes for students, enabling them to meet their
financial obligations after graduation

-- DeVry students have a strong track record in meeting their
financial obligations. In its Form 10-K dated August 24, 2007,
the company reported the following student loan default rates:

-0-
*T
DeVry University (undergraduate) 6.5%
Keller Graduate School of Management 2.3%
Ross University 0.2%
Chamberlain College of Nursing 0.7%
*T

-- DeVry University has provided internal financing for students
(EDUCARD) for more than 30 years and has the ability to expand
this program

DeVry Inc. will announce its second quarter fiscal 2008 results on
January 24, 2008 and will address questions related to this issue
during its conference call following the close of the market. "Given
the numerous questions we have received on this issue during our quiet
period, we wanted to address these questions in the open forum of a
press release," stated Daniel Hamburger, DeVry's president and chief
executive officer. "While we are not immune to what is happening in
the marketplace, we believe our position is less risky given our
long-term focus on quality - in the educational programs we deliver
and in the outcomes our students achieve."

About DeVry Inc.

DeVry Inc. (NYSE: DV) is the parent organization of DeVry
University, Advanced Academics, 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. Advanced Academics provides
online secondary education to school districts throughout the U.S.
Ross University offers doctoral degree programs through its schools of
Medicine and Veterinary Medicine. Chamberlain College of Nursing
offers associate and bachelor's degree programs in nursing. Becker
Professional Review, which includes Becker CPA Review and Stalla
Review for the CFA Exams, provides professional education and exam
review for accounting and finance professionals. 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.

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

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