Exhibit 99.1

Becker Professional Review Enters CPE Business

    OAKBROOK TERRACE, Ill.--(BUSINESS WIRE)--July 19, 2005--Becker
Professional Review, a division of DeVry Inc. (NYSE:DV), today
announced that it has entered the continuing professional education
(CPE) business through the acquisition of Gearty CPE by a DeVry Inc.
subsidiary. Gearty CPE is a provider of high quality continuing
professional education programs and seminars in accounting and finance
predominantly serving financial officers and controllers of Fortune
500 companies in the New York/New Jersey metro area. Terms of the
acquisition were not disclosed. The acquisition is not expected to
have a material financial impact on DeVry's fiscal 2006 earnings.
    "This acquisition complements our existing CPA exam review
business as it enables Becker to enter the continuing professional
education marketplace and builds upon the Becker franchise," said
Thomas J. Vucinic, vice president of DeVry Inc. and general manager of
Becker Professional Review. "Combining Becker's highly-regarded brand
name and instructional expertise with Gearty's high quality content
offers us an excellent opportunity to secure new corporate training
business."
    "These training seminars are a win-win for us," said Nick Cyprus,
chief accounting officer for Interpublic Group, which has used Gearty
CPE in the past. "Not only do we gain expertise on topics that are
highly relevant to our business but we have been able to educate our
entire accounting staff efficiently and effectively."
    Becker Professional Review is a professional education provider
specializing in coursework for accounting and finance certification
exams in more than 350 instructor-led classroom locations around the
world, as well as via online and CD-ROM delivery. Becker Professional
Review operates Becker CPA Review, the global leader in certified
public accountant exam review programs. Becker Professional Review
also operates the Stalla Review for the CFA Exams, one of the oldest
and largest review providers for chartered financial analyst exams.
Becker Professional Review is a division of DeVry Inc. (NYSE:DV),
which owns and operates DeVry University, Ross University, and
Deaconess College of Nursing. DeVry Inc. is based in Oakbrook Terrace,
Ill. For more information about Becker CPA, visit
http://www.beckerreview.com. For more information about Stalla's CFA
review courses, visit http://www.stalla.com.
    Certain statements contained in this release, including those that
affect DeVry's expectations or plans, may constitute forward-looking
statements pursuant to the safe harbor provision of the Private
Securities Litigation Reform Act of 1995. Such statements are subject
to risks and uncertainties that could cause actual results to differ
materially from the forward-looking statements. Potential risks and
uncertainties include, but are not limited to, market conditions,
dependence on student financial aid, state and provincial approval and
licensing requirements, and the other factors detailed in the
company's Securities and Exchange Commission filings, including those
discussed under the heading "Risk Factors" in the Company's
Registration Statement on Form S-3 (No. 333-22457) filed with the SEC.

    CONTACT: DeVry Inc.
             Joan Bates (Investors), 630-574-1949
             or
             Dresner Corporate Services
             Sarah Komuniecki (Media), 312-780-7208