8-K

UNITED STATESSECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
______________

FORM 8-K
______________

CURRENT REPORT
Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934

Date of Report(Date of earliest event reported)

November 1, 2016______________

DEVRY EDUCATION GROUP INC.
(Exact name of registrant as specified in its charter)
______________

Delaware	1-13988	36-3150143
(State of incorporation)	(Commission File Number)	(IRS Employer Identification No.)

3005 Highland Parkway Downers Grove, Illinois	60515
(Address of principal executive offices)	(Zip Code)

(630) 515-7700
(Registrant’s telephone number, including area code)

N/A
(Former name or former address, if changed since last report)

______________

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):

⃞ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

⃞ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

⃞ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

⃞ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Item 2.02 Results of Operations and Financial Condition

On November 1, 2016, DeVry Education Group Inc. (“DeVry Group”) issued a press release announcing its fiscal 2017 first quarter operating and enrollment results.  The press release and first quarter results presentation are attached hereto as Exhibit 99.1 and Exhibit 99.2, respectively, to this Form 8-K.

The information furnished pursuant to this Item 2.02, including Exhibits 99.1 and 99.2, shall not be deemed “filed” for purposes of Section 18 of the Securities Exchange Act of 1934 (the “Exchange Act”) or otherwise subject to the liabilities under that Section and shall not be deemed to be incorporated by reference into any filing of DeVry Group under the Securities Act of 1933 or the Exchange Act

Forward Looking Statements

Certain statements contained in this Form 8-K and related press release, including those that affect DeVry Group’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 Education Group Inc. or its management “anticipates,” “believes,” “estimates,” “expects,” “forecasts,” “foresees,” “intends,” “plans” or other words or phrases of similar import.

Because these forward-looking statements involve risks and uncertainties, there are important factors that could cause DeVry Group’s actual results to differ materially from those projected or implied by these forward-looking statements.  Additional information regarding factors that could cause results to differ can be found in DeVry Group’s Annual Report on Form 10-K for the fiscal year ended June 30, 2016.

These forward-looking statements are based on information as of November 1, 2016 and DeVry Group assumes no obligation to publicly update or revise its forward-looking statements even if experience or future changes make it clear that any projected results expressed or implied therein will not be realized.

Item 9.01 Financial Statements and Exhibits

99.1    Press Release dated November 1, 2016

99.2    1^st Quarter Fiscal Year 2017 Financial Results Slides

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

		DEVRY EDUCATION GROUP INC.
		(Registrant)
Date:	November 1, 2016	By:	/s/ Patrick J. Unzicker
			Patrick J. Unzicker
			Senior Vice President, Chief Financial Officer
			and Treasurer

EXHIBIT INDEX

Exhibit Number	Description
99.1	Press Release dated November 1, 2016
99.2	1st Quarter Fiscal Year 2017 Financial Results Slides

EX-99.1

Exhibit 99.1

DeVry Education Group Announces First Quarter Fiscal 2017 Results

Total Revenue Increases 1.9 Percent to $450 Million;

Continues to Expand Presence Across In-Demand Education Verticals

DOWNERS GROVE, Ill.--(BUSINESS WIRE)--November 1, 2016--DeVry Education Group (NYSE:DV), a leading global education provider, today reported academic, operational and financial results for its fiscal 2017 first quarter that ended Sept. 30. DeVry Group also reported enrollment results at Carrington College, Chamberlain College of Nursing, DeVry Education of Brazil, DeVry Medical International, and DeVry University and its Keller Graduate School of Management.

“We are off to a solid start to fiscal 2017, as evidenced by our improved first quarter results and the notable progress we are making in executing against our four strategic priorities,” said Lisa Wardell, president and CEO of DeVry Education Group. “We are benefiting from the actions we’ve taken to reduce costs, while further diversifying our revenue profile across a number of attractive and growing sectors spanning healthcare, international and professional education. These sectors now account for over 90 percent of our operating income.

“Our primary focus remains on strengthening our overall value proposition by developing the most relevant program offerings that address the prevalence of work force skills gaps globally,” she said. “We’re launching a range of shorter, stackable courses and strengthening our professional licensing exam preparation programs, all designed to provide students with the right training in the most accessible manner.

“We are making progress in addressing recent regulatory issues,” Wardell said. “Longer-term, I believe we have a unique opportunity to take a leadership role in addressing some of the key issues facing higher education as a whole, including evaluating effective paths toward developing a viable measurement process for determining academic success.

“At the same time, we are taking steps to reduce DeVry Group’s exposure to Title IV funding, reflecting our commitment to our students and our confidence in our program offering. We are determined to limit the revenue that each our institutions derive from federal funding to 85 percent, including the Department of Veterans Affairs and military tuition assistance benefits. These efforts are all part of a larger set of Student Commitments that will support our goal of setting a new standard for higher education.”

Selected financial data for the three months that ended Sept. 30:

• Total revenue increased 1.9 percent to $450 million
• Medical and Healthcare, and International and Professional Education revenue grew 5.7 percent and 58.5 percent, respectively, while Business, Technology and Management revenue decreased 24.2 percent
• Reported net income of $25.2 million, compared to net income of $5.5 million last year; net income excluding special items was $28.8 million, compared to $24.5 million last year
• Reported diluted earnings per share was $0.39, compared to diluted earnings per share of $0.08 last year; diluted earnings per share excluding special items was $0.45, compared to $0.38 last year
• DeVry Group repurchased approximately 371,000 shares of common stock during the first fiscal quarter
• Cash and cash equivalents were $189 million as of Sept. 30, compared to $436 million as of Sept. 30, 2015

The fiscal 2017 first quarter results contained a pre-tax restructuring charge of $5 million primarily related to real estate consolidations at DeVry University, Carrington College and DeVry Group’s home office.

Operating Highlights

Medical and Healthcare Segment

For the first quarter, segment revenue of $236.8 million grew 5.7 percent compared to the prior year, led by solid growth at Chamberlain College of Nursing. Operating income for the segment, excluding special items, was $43.2 million, representing an increase of 24.8 percent from the prior year. Revenue for the first quarter at DeVry Medical International grew 6.6 percent to $88.3 million. For the first quarter, Chamberlain revenue increased 10.4 percent to $111.5 million. Revenue at Carrington College decreased 7.9 percent in the first quarter to $37.0 million.

In September, Chamberlain delivered record new student starts, including the largest RN-BSN class in its history. In addition, both the MSN and DNP programs had their second highest starts in the institution’s history.

International and Professional Education Segment

First quarter revenue increased 58.5 percent to $93 million compared to the prior year. On a constant currency basis, revenue in the segment grew 50.9 percent driven by recent acquisitions and enrollment growth. Segment operating income in the first quarter was $4.1 million, doubling from $2 million in the prior year.

At Becker Professional Education, first quarter revenue was $34.7 million, up 36.6 percent from the prior year. At DeVry Education of Brazil, revenue in the quarter grew 75.1 percent to $58.2 million. On a constant currency basis, revenue would have increased about 62 percent.

Becker entered into a new partnership with the Chicago Medical Training Center (CMTC) to offer USMLE® preparation courses enabling medical students to have access to efficient, comprehensive training and medical exam study options in one centralized location.

The integration of the Association of Certified Anti-Money Laundering Specialists (ACAMS) is running ahead of plan and we now expect ACAMS to be neutral to diluted earnings per share in the current fiscal year, rather than modestly dilutive as originally anticipated.

Business, Technology and Management Segment

In the first quarter, segment revenue decreased 24.2 percent to $120.9 million. The segment recorded an operating loss of $6.3 million for the quarter compared to a loss of $1.6 million in the prior year, excluding special items. DeVry University achieved $33.8 million of cost savings in the first quarter, excluding special items, and expects to drive additional cost reduction in fiscal 2017 to maintain positive segment economics.

During the first fiscal quarter, DeVry University began launching a range of technology-focused, stackable programs focused on fostering in-demand skills, beginning with certificates in website design and website development.

During the quarter, DeVry University reached an agreement with the U.S. Department of Education regarding its Jan. 27, 2016 Notice of Intent to Limit.

DeVry Group Outlook

Second quarter revenue is expected to be flat to up 1 percent versus the prior year. Second quarter operating costs before special items are expected to decrease 1-2 percent versus the prior year.

For the full year, revenue is expected to be flat compared to the prior year and earnings before special items to grow in the mid-single digits as compared to the prior year. Full year capital spending is expected to be in the $70-75 million range. The effective income tax rate for the fiscal year is expected to be approximately 22-23 percent, before special items.

Conference Call and Webcast Information

For those wishing to participate by telephone, dial 877-506-6380 (domestic) or 412-902-6690 (international). Ask for the “DeVry Education Group Call.” DeVry Group will also broadcast the conference call on DeVry Group's website at http://services.choruscall.com/links/dv161101.html.

Please access the website at least 15 minutes prior to the start of the call to register, download and install any necessary audio software.

DeVry Group will archive a telephone replay of the call until Tuesday, Nov. 15. To access the replay, dial 877-344-7529 (domestic) or 412-317-0088 (international), passcode 10095260. To access the webcast replay, please visit DeVry Group's website, or http://services.choruscall.com/links/dv161101.html.

About DeVry Education Group

DeVry Education Group empowers its students to achieve their educational and career goals. DeVry Education Group Inc. (NYSE: DV; member S&P MidCap 400 Index) is a leading global education provider and the parent organization of American University of the Caribbean School of Medicine, Becker Professional Education, Carrington College, Chamberlain College of Nursing, DeVry Education of Brazil, DeVry University and its Keller Graduate School of Management, Ross University School of Medicine and Ross University School of Veterinary Medicine. For more information, please visit www.devryeducationgroup.com.

Certain statements contained in this release concerning DeVry Group's future performance, including those statements concerning DeVry Group'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 Group 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 DeVry Group's most recent Annual Report on Form 10-K for the year ending June 30, 2016 and filed with the Securities and Exchange Commission (SEC) on August 25, 2016.

Selected Operating Data (in thousands, except per share data):
	Three Months Ended
	FY2017	FY2016	Change
Revenue	$449,892	$441,413	+1.9 %
Net Income	$25,152	$5,465	+360.2%
Earnings per Share (diluted)	$0.39	$0.08	+387.5%
Number of common shares (diluted)	63,896	64,729	-1.3%

Non-GAAP Earnings Disclosure:

During the first quarter of fiscal year 2017, DeVry Group recorded restructuring charges primarily related to real estate consolidations at DeVry University, Carrington College (“Carrington”) and DeVry Group’s Home Office in order to align its cost structure with enrollments. During the first quarter of fiscal year 2016, DeVry Group recorded restructuring charges related to workforce reductions and real estate consolidations at DeVry University and real estate consolidations at Carrington in order to align its cost structure with enrollments. The following table illustrates the effects of restructuring charges on DeVry Group’s earnings. Management believes that the non-GAAP disclosure of net income and earnings per share excluding these special items provides investors with useful supplemental information regarding the underlying business trends and performance of DeVry Group’s ongoing operations and is useful for period-over-period comparisons of such operations given the special nature of the restructuring charges. DeVry Group uses these supplemental financial measures internally in its management and budgeting process. However, these non-GAAP financial measures should be viewed in addition to, and not as a substitute for, DeVry Group’s reported results prepared in accordance with U.S. Generally Accepted Accounting Principles (“GAAP”). The following table reconciles these non-GAAP measures to the most directly comparable GAAP information (in thousands, except per share data):

DEVRY EDUCATION GROUP INC.
NON-GAAP EARNINGS DISCLOSURE
(Unaudited)
PRELIMINARY
(in thousands, except per share amounts)
		For The Three Months
		Ended September 30,
		2016			2015
Net Income		$	25,152		$	5,465
	Earnings per Share (diluted)	$	0.39		$	0.08
Restructuring Expense		$	5,047		$	24,073
	Effect on Earnings per Share (diluted)	$	0.08		$	0.38
Income Tax Impact on Non-GAAP Adjustments		$	(1,434	)	$	(5,061	)
	Effect on Earnings per Share (diluted)	$	(0.02	)	$	(0.08	)
Net Income Excluding Restructuring Expense, net of tax		$	28,765		$	24,477
Earnings per Share Excluding Restructuring Expense, net of tax (diluted)		$	0.45		$	0.38
Shares used in diluted EPS calculation			63,896			64,729

Enrollment Results:
	2016	2015	% Change
DeVry Education Group Postsecondary Enrollments(1)(2)
New students	28,629	28,323	+1.1%
Total students	151,503	140,271	+8.0%
Chamberlain College of Nursing
September Session
New students	5,003	4,942	+1.2%
Total students	28,781	25,802	+11.5%
Carrington College
3 months ending September 30, 2016
New students	2,338	2,584	-9.5%
Total students	6,638	7,560	-12.2%
DeVry Medical International(2)
September Semester
New students	806	991	-18.7%
Total students	6,168	6,546	-5.8%
DeVry University
Undergraduate – September Session
New students	3,432	4,006	-14.3%
Total students	24,540	31,843	-22.9%
Graduate – September Session
Coursetakers (3)	10,146	12,937	-21.6%
DeVry Education of Brazil(4)
September Semester
New students	15,892	14,399	+10.4%
Total students	76,862	57,819	+32.9%

1)	Includes the most recently reported enrollments at DeVry Group’s postsecondary institutions
2)	Includes enrollments in its medical and veterinary preparatory programs offered through DeVry Medical International
3)	The term “coursetaker” refers to the number of courses taken by a student. Thus one student taking two courses equals two coursetakers
4)	Excludes Damásio test prep students. Excluding the acquisitions of Ibmec and Facimp, new student enrollments decreased 12.7 percent and total enrollment increased 4.1 percent

DEVRY EDUCATION GROUP INC.
CONSOLIDATED BALANCE SHEETS
(Unaudited)
PRELIMINARY
				September 30,			June 30,			September 30,
				2016			2016			2015
				(in thousands, except share and par value amounts)
ASSETS
	Current Assets
		Cash and Cash Equivalents		$	189,017		$	308,164		$	436,453
		Marketable Securities and Investments			3,738			3,609			3,398
		Restricted Cash			5,795			7,183			7,917
		Accounts Receivable, Net			184,294			162,389			185,956
		Prepaid Expenses and Other			40,814			36,760			47,939
			Total Current Assets		423,658			518,105			681,663
	Land, Building and Equipment
		Land			54,967			55,690			59,091
		Building			484,104			488,347			490,022
		Equipment			523,492			521,209			522,735
		Construction in Progress			24,201			22,560			16,716
					1,086,764			1,087,806			1,088,564
		Accumulated Depreciation			(572,320	)		(566,043	)		(558,228	)
			Land, Building and Equipment, Net		514,444			521,763			530,336
	Other Assets
		Deferred Income Taxes, Net			32,037			52,608			6,318
		Intangible Assets, Net			426,089			342,856			304,141
		Goodwill			854,188			588,007			533,179
		Perkins Program Fund, Net			13,450			13,450			13,450
		Other Assets			60,490			60,207			37,522
			Total Other Assets		1,386,254			1,057,128			894,610
TOTAL ASSETS				$	2,324,356		$	2,096,996		$	2,106,609
LIABILITIES
	Current Liabilities
		Accounts Payable		$	57,423		$	64,687		$	59,777
		Accrued Salaries, Wages and Benefits			65,841			93,328			74,214
		Accrued Expenses			96,863			103,379			82,066
		Deferred Revenue			224,713			100,442			223,343
			Total Current Liabilities		444,840			361,836			439,400
	Other Liabilities
		Revolving Loan			130,000			0			0
		Deferred Income Taxes, Net			30,769			29,936			21,103
		Deferred Rent and Other			112,026			118,025			99,085
			Total Other Liabilities		272,795			147,961			120,188
TOTAL LIABILITIES					717,635			509,797			559,588
NONCONTROLLING INTEREST					5,043			5,112			3,652
SHAREHOLDERS' EQUITY
	Common Stock, $0.01 par value, 200,000,000 Shares Authorized;
	62,728,000, 62,549,000 and 63,573,000 Shares Outstanding at
	September 30, 2016, June 30, 2016 and September 30, 2015, respectively				772			765			766
	Additional Paid-in Capital				383,815			372,175			356,487
	Retained Earnings				1,796,099			1,771,068			1,804,482
	Accumulated Other Comprehensive Loss				(49,223	)		(42,467	)		(122,154	)
	Treasury Stock, at Cost, 14,454,000, 13,990,000 and 12,803,000 Shares at
	September 30, 2016, June 30, 2016 and September 30, 2015, respectively				(529,785	)		(519,454	)		(496,212	)
TOTAL SHAREHOLDERS' EQUITY					1,601,678			1,582,087			1,543,369
TOTAL LIABILITIES, NONCONTROLLING INTEREST AND
SHAREHOLDERS' EQUITY				$	2,324,356		$	2,096,996		$	2,106,609

DEVRY EDUCATION GROUP INC.
CONSOLIDATED STATEMENTS OF INCOME
(Unaudited)
PRELIMINARY
			For The Three Months
			Ended September 30,
			2016			2015
			(in thousands, except per share amounts)
REVENUE:
	Tuition		$	399,027		$	396,056
	Other Educational			50,865			45,357
		Total Revenue		449,892			441,413
OPERATING COST AND EXPENSE:
	Cost of Educational Services			250,673			245,077
	Student Services and Administrative Expense			161,065			164,016
	Restructuring Expense			5,047			24,073
		Total Operating Cost and Expense		416,785			433,166
Operating Income				33,107			8,247
INTEREST:
	Interest Income			1,058			127
	Interest Expense			(2,115	)		(2,326	)
		Net Interest Expense		(1,057	)		(2,199	)
Income Before Income Taxes				32,050			6,048
Income Tax Provision				(6,901	)		(662	)
NET INCOME				25,149			5,386
	Net Loss Attributable to Noncontrolling Interest			3			79
NET INCOME ATTRIBUTABLE TO DEVRY EDUCATION GROUP			$	25,152		$	5,465
EARNINGS PER COMMON SHARE ATTRIBUTABLE
	TO DEVRY EDUCATION GROUP SHAREHOLDERS:
	Basic		$	0.40		$	0.08
	Diluted		$	0.39		$	0.08

DEVRY EDUCATION GROUP INC.
CONSOLIDATED STATEMENTS OF CASH FLOWS
(Unaudited)
PRELIMINARY
				For The Year
				Ended September 30,
				2016			2015
				(in thousands)
CASH FLOWS FROM OPERATING ACTIVITIES:
	Net Income			$	25,149		$	5,386
	Adjustments to Reconcile Net Income to Net
	Cash Provided by Operating Activities:
		Stock-Based Compensation Expense			5,750			6,238
		Depreciation			17,476			19,677
		Amortization			3,439			1,348
		Provision for Refunds and Uncollectible Accounts			22,481			20,594
		Deferred Income Taxes			3,328			(16	)
		Loss on Disposals, Accelerated Depreciation and Adjustments
		to Land, Building and Equipment			418			7,952
		Changes in Assets and Liabilities, Net of Effects from
		Acquisition Components:
			Restricted Cash		1,388			2,826
			Accounts Receivable		(45,280	)		(76,472	)
			Prepaid Expenses and Other		(6,017	)		8,894
			Accounts Payable		(3,717	)		(3,303	)
			Accrued Salaries, Wages, Benefits and Expenses		(35,995	)		(10,363	)
			Deferred Revenue		109,348			133,820
	NET CASH PROVIDED BY OPERATING ACTIVITIES				97,768			116,581
CASH FLOWS FROM INVESTING ACTIVITIES:
	Capital Expenditures				(11,318	)		(22,753	)
	Payment for Purchase of Businesses, Net of Cash Acquired				(331,070	)		-
	Marketable Securities Purchased				(10	)		(13	)
	Purchase of Noncontrolling Interest of Subsidiary				-			(3,114	)
	NET CASH USED IN INVESTING ACTIVITIES				(342,398	)		(25,880	)
CASH FLOWS FROM FINANCING ACTIVITIES:
	Proceeds from Exercise of Stock Options				6,350			240
	Proceeds from Stock Issued Under Colleague Stock Purchase Plan				211			279
	Repurchase of Common Stock for Treasury				(8,255	)		(8,255	)
	Payments of Seller Financed Obligations				(3,518	)		(2,931	)
	Borrowings Under Revolving Credit Facility				240,000			-
	Repayments Under Revolving Credit Facility				(110,000	)		-
	NET CASH PROVIDED BY (USED IN) FINANCING ACTIVITIES				124,788			(10,667	)
Effects of Exchange Rate Differences					695			3,397
NET (DECREASE) INCREASE IN CASH AND CASH EQUIVALENTS					(119,147	)		83,431
Cash and Cash Equivalents at Beginning of Period					308,164			353,022
Cash and Cash Equivalents at End of Period				$	189,017		$	436,453

DEVRY EDUCATION GROUP INC.
SEGMENT INFORMATION
(Unaudited)
PRELIMINARY
(in thousands)
	For The Three Months
	Ended September 30,
							Increase
	2016			2015			(Decrease)
REVENUE:
Medical and Healthcare	$	236,754		$	223,984		5.7	%
International and Professional Education		92,970			58,673		58.5	%
Business, Technology and Management		120,890			159,466		-24.2	%
Intersegment Elimination and Other		(722	)		(710	)	-1.7	%
Total Consolidated Revenue		449,892			441,413		1.9	%
OPERATING INCOME (LOSS):
Medical and Healthcare		41,842			34,252		22.2	%
International and Professional Education		4,081			2,038		100.2	%
Business, Technology and Management		(7,985	)		(25,249	)	68.4	%
Reconciling Items:
Home Office and Other		(4,831	)		(2,794	)	-72.9	%
Total Consolidated Operating Income (Loss)		33,107			8,247		301.4	%
INTEREST:
Interest Income		1,058			127		733.1	%
Interest Expense		(2,115	)		(2,326	)	9.1	%
Net Interest Expense		(1,057	)		(2,199	)	51.9	%
Total Consolidated Income Before Income Taxes
and Noncontrolling Interest	$	32,050		$	6,048		429.9	%
During the first quarter of fiscal year 2017, DeVry Group recorded restructuring charges related to real estate consolidations at DeVry University, Carrington College ("Carrington") and DeVry Group's Home Office in order to align its cost structure with enrollments. During the first quarter of fiscal year 2016, DeVry Group recorded restructuring charges related to workforce reductions and real estate consolidations at DeVry University and real estate consolidations at Carrington in order to align its cost structure with enrollments. The following table illustrates the effects of restructuring charges on DeVry Group’s operating income. Management believes that the non-GAAP disclosure of operating income excluding these special items provides investors with useful supplemental information regarding the underlying business trends and performance of DeVry Group’s ongoing operations and is useful for period-over-period comparisons of such operations given the special nature of the restructuring charges. DeVry Group uses these supplemental financial measures internally in its management and budgeting process. However, these non-GAAP financial measures should be viewed in addition to, and not as a substitute for, DeVry Group’s reported results prepared in accordance with GAAP. The following table reconciles these non-GAAP measures to the most directly comparable GAAP information (in thousands):
	For The Three Months
	Ended September 30,
							Increase
	2016			2015			(Decrease)
Medical and Healthcare Operating Income	$	41,842		$	34,252		22.2	%
Restructuring Charge		1,369			381		259.3	%
Medical and Healthcare Operating Income
Excluding Restructuring Charge	$	43,211		$	34,633		24.8	%
Business, Technology and Management Operating Loss	$	(7,985	)	$	(25,249	)	68.4	%
Restructuring Charge		1,697			23,692		-92.8	%
Business, Technology and Management Operating Loss
Excluding Restructuring Charge	$	(6,288	)	$	(1,557	)	-303.9	%
Home Office and Other Operating Loss	$	(4,831	)	$	(2,794	)	-72.9	%
Restructuring Charge		1,982			-		NM
Home Office and Other Operating Loss
Excluding Restructuring Charge	$	(2,849	)	$	(2,794	)	-2.0	%

CONTACT:
DeVry Education Group
Investor Contact:
Joan Walter
jwalter@devrygroup.com
630-353-3800
or
Media Contact:
Ernie Gibble
egibble@devrygroup.com
630-353-9920

EX-99.2

Exhibit 99.2

 1stQuarter Fiscal 2017Financial Results  November 1, 2016

 2  2    Four Key Priorities Heighten culture of student-centric focus and academic excellenceStabilize revenue and grow operating income and EPSAccelerate efforts to leverage organizational synergiesResolve regulatory matters  1st Quarter Fiscal 2017 Results  $0.39Earnings Per Share  $33 millionOperating Income  $98 millionOperating Cash Flow  $450 millionNet RevenueGrew 1.9%  $0.45Non-GAAP Earnings Per Share

3  3  Financial Overview – First Quarter  US $ Millions(except EPS)  Quarter Ended 9/30/16  Quarter Ended 9/30/15  Revenue  $449.9  $441.4  Cost of Instruction  $250.7  $245.1  Student Services and Administrative Expense  $161.1  $164.0  Restructuring Expense  $5.0  $24.1  Operating Income  $33.1  $8.2  Non-GAAP Operating Income  $38.2  $32.3  Non-GAAP Operating Income Margin   8.5%  7.3%  Earnings Per Share (diluted)  $0.39  $0.08  Non-GAAP Earnings Per Share (diluted)  $0.45  $0.38

1stQuarter Fiscal 2017 Highlights •Total DeVry Group enrollments up 8% •Third consecutive quarter of Operating Income(1)growth •90% of Operating Income(1)coming from Medical and Healthcare and Professional and International segments •Reached agreement with ED regarding its Jan. 27, 2016 Notice of Intent to Limit •Chamberlain grew revenue by more than 10% •Chamberlain’s RN-BSN new student enrollment was its largest in history with more than 2,000 students •Acquired ACAMS, which furthers Becker’s global growth strategy into professional education •DeVry University received a published Cohort Default Rate for federal student loans for 2013 of 10.6%, down from 12.6% in the prior year •DeVry Group’s financial position remained strong, generating $97.8 million of operating cash flow •At 9/30/16, cash and cash equivalents totaled $189.0 million and outstanding borrowings totaled $130.0 million (1) Excluding special items 4

Four Key Priorities Certain statements contained in this presentation concerning DeVry Group's future performance, including those statements concerning DeVry Group'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 Group 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 DeVry Group's most recent Annual Report on Form 10-K for the year ending June 30, 2016 and filed with the Securities and Exchange Commission (SEC) on August 25, 2016. During the first quarter of fiscal year 2017, DeVry Group recorded restructuring charges related to real estate consolidations at DeVry University, Carrington College (“Carrington”) and DeVry Group’s Home Office in order to align its cost structure with enrollments. During the first quarter of fiscal year 2016, DeVry Group recorded restructuring charges related to workforce reductions and real estate consolidations at DeVry University and real estate consolidations at Carrington in ordertoalign its cost structure with enrollments. The table located on page 6 illustrates the effects of restructuring charges on DeVry Group’s earnings. Management believes that the non-GAAP disclosure of net income and earnings per share excluding these special items provides investors with useful supplemental information regarding the underlying business trends and performance of DeVry Group’s ongoing operations and is useful for period-over-period comparisons of such operations given the special nature of the restructuring charges. DeVry Group uses these supplemental financial measures internally in its management and budgeting process. However, these non-GAAP financial measures should be viewed in addition to, and not as a substitute for, DeVry Group’s reported results prepared in accordance with U.S. Generally Accepted Accounting Principles (“GAAP”).