Exhibit 99.1

DeVry Inc. To Acquire Deaconess College of Nursing; Expanding Healthcare
Curriculum to Alleviate Shortage of Qualified Nursing Professionals

     OAKBROOK TERRACE, Ill.--(BUSINESS WIRE)--March 15, 2005--DeVry Inc.
(NYSE:DV), an international higher education company, today reported it has
signed a definitive agreement to acquire Deaconess College of Nursing for
approximately $5.3 million in cash, subject to purchase price adjustments.
     Located in St. Louis, Missouri, Deaconess has approximately 450 students
enrolled and offers associate and bachelor's degree programs in nursing. In
addition, Deaconess offers a bachelor's degree completion program designed for
registered nurses who have previously completed an associate degree program.
Classes are offered days, evenings and weekends with non-clinical coursework
offered both on campus and online. Deaconess currently generates approximately
$4 million in revenue and is not expected to have a material impact on DeVry's
earnings in fiscal 2005.
     "Deaconess will be an excellent addition to our current offerings in
healthcare and should provide exceptional growth opportunities due to
demographic and economic trends," said Ronald L. Taylor, DeVry's chief executive
officer. According to the U.S. Department of Health and Human Services, the
shortage of nurses reached 100,000 in 2000. In addition, strong demand for
qualified nurses will continue and is expected to outpace supply through 2020.
     "This acquisition further establishes DeVry's position at the intersection
of technology and healthcare, where our graduates apply the innovations created
by advancements in these areas," continued Taylor. "In addition, the acquisition
is consistent with our plan to develop and acquire high quality educational
programs with the potential to offer them at existing DeVry University
locations, thereby improving capacity utilization at those sites."
     Deaconess College of Nursing is accredited by the Higher Learning
Commission of the North Central Association, the National League for Nursing
Accrediting Commission and the Commission on Collegiate Nursing Education. For
more information about Deaconess College of Nursing, visit its web site at
www.deaconess.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
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.devry.com.


     CONTACT: DeVry Inc.
              Joan Bates (Investor), 630-574-1949
              or
              Dresner Corporate Services
              Kyra Kyles (Media), 312-780-7208