DOWNERS GROVE, Ill.--(BUSINESS WIRE)--DeVry Inc. (NYSE:DV), a global provider of educational services, today commented on the August 13 release of U.S. Department of Education (ED) student loan repayment rates for institutions that receive federal student loans under Title IV of the 1965 Higher Education Act. The findings are part of proposed rule changes by ED to define “gainful employment.” If adopted, the proposed rules would apply to all private-sector institutions of higher education as well as public-sector and independent schools that offer vocational training and non-degree certificates.
DeVry is currently analyzing the data released on for its institutions and intends to work collaboratively with ED to gain clarity on its methodology and reach a resolution on inconsistencies in the data. In addition, DeVry understands that ED intends to rectify an oversight with regard to the methodology to determine repayment rates for students at medical schools.
About DeVry Inc.
DeVry's purpose is to empower its students to achieve their educational and career goals. DeVry (NYSE: DV, member S&P 500 Index) is a global provider of educational services and the parent organization of Advanced Academics, Becker Professional Education, Carrington College, Carrington College California, Chamberlain College of Nursing, DeVry Brasil, DeVry University, and Ross University Schools of Medicine and Veterinary Medicine. These institutions offer a wide array of programs in business, healthcare and technology and serve students in secondary through postsecondary education as well as accounting and finance professionals. For more information, please call 630.353.3800 or 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 DeVry's most recent Annual Report on Form 10-K for the year ending June 30, 2009 and filed with the Securities and Exchange Commission on August 26, 2009