Credit Suisse Growth Services Conference March 13, 2013

Quality + Diversification = Growth

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Certain statements contained in this presentation 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, 2012 and filed with the

Securities and Exchange Commission on August 28, 2012.

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Business,Technology

& Management

International, K-12 and

Professional Education Medical &

Healthcare

DeVry Education Group

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Formula for Creating Value

Quality + Diversification = Growth

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Investment in education technology

6

Facility Expansion

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Investments in Academic Quality

Developing our Faculty

8

Accreditor Approvals

Higher Learning Commission Dominica Medical Board

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94%+ NCLEX Pass Rates

Student Outcomes

NCLEX pass rate through the first 9 months of 2012.

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Student Outcomes

43 86 /

Six-session average ending February 2012; excludes graduates continuing their education, foreign graduates ineligible to work in the U.S./Canada and those unable to

accept career advising assistance. Excludes graduates who actively pursued employment for less than 180 days and did not become employed. Information presented

is based on graduate-provided data.

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Student Outcomes

95% USMLE Pass Rate

Pass rates for Step 1 of the U.S. Medical Licensing Exam.

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Business

70%

26%

30%

45%

27%

2%

Fall 2002 Fall 2011

Other

* Based on Fall 2011 data; excludes enrollments at Advanced Academics, Becker Professional Education, and DeVry Brasil.

Vertical Diversification:

Enrollments by Program *

Total Enrollment:

43,300

Total Enrollment:

120,000+

Healthcare

Technology

18% 19%

68%

56%

14%

21%

5%

Fall 2002 Fall 2011

Horizontal Diversification:

Enrollments by Award Level *

Total Enrollment:

43,300

Total Enrollment:

120,000+

Bachelor’s Associate/Certificate

Doctoral Master’s

96% 87%

4% 13%

2002 2011

Geographic Diversification:

Revenues by Geography

Non-USA USA

2%

Quality Plus Diversification Sets Us Apart

Quality + Diversification = Growth

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2/3 of all jobs

require a degree

Long-term Growth Opportunities

Growing need for career-oriented education

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Difference in Lifetime Earnings

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29%

18%

13%

46%

31%

30%

27%

26%

22%

57%

53%

50%

47%

30%

20%

0% 10% 20% 30% 40% 50% 60%

MBA

Doctor of Medicine

Doctor of Veterinary Medicine

Nursing (RN)

Technical Mgmt.

Computer Information Sys.

Networking & Comm. Mgmt.

Biomedical Engineering Tech.

Business Administration

Network Systems Admin.

Dental Hygiene

Web Graphic Design

Respiratory Care

Accounting

Electronics & Computer Tech.

Return on Educational Investment (ROEI)

Associate

Bachelor’s

Graduate

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Public Sector Constrained

“Cal State cuts

165,000 seats…”

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FY13 First Six Months Results

$1,004 $988

$82

$66

Revenue Net Income

FY12 FY13 FY12 FY13

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Enrollment at degree-granting institutions

2011/12 2012/13 % Change

DeVry Inc. Student Enrollments

New students 15,195 16,047 +5.6

Total students 131,134 124,007 -5.4

DeVry University

Undergraduate and graduate headcount

– January Session

New students 7,810 7,382 -5.4

Total students 82,708 70,224 -15.1

Chamberlain College of Nursing

January Session

New students 1,129 2,120 +87.8

Total students 10,888 13,714 +26.0

The Carrington Colleges Group

3 months ending Dec. 31, 2012

New students 1,565 1,763 +12.7

Total students 7,379 7,405 +0.4

DeVry Medical International

January Term

New students 601 603 +0.3

Total students 6,024 6,318 +4.9

DeVry Brasil

October 2012 Term

New students 4,090 4,179 +2.2

Total students 24,135 26,346

+9.2

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Strong Financial Position

$225

$323

$450

$177

$216

$0

$100

$200

$300

$400

$500

$600

FY09 FY10 FY11 FY12 ThruQ213

Cash Debt

$0

$125

$0 $0 $0 $0

$50

$100

$150

$200

FY09 FY10 FY11 FY12 Thru Q213

(in millions)

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Performance Improvement Plan

Align Cost

Structure

Regain

Enrollment

Growth

Make

Targeted

Investments

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How We Compete

Hands-on individual attention

In 3 years, obtain a 4-yr. degree

H

I

R

E

Reputation with employers

Employment outcomes

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DeVry’s Differentiation

Gainful Employment DeVry’s programs passed

Private loans Minimal Exposure

HLC and DMB Approvals Accreditation Risk

Quality + Diversification = Growth