The document discusses DeVry's strategy of quality and diversification leading to growth. It highlights investments in education technology, facilities, faculty development, and student outcomes. DeVry has diversified its programs, award levels, and geographic reach. While public institutions face constraints, long-term growth opportunities exist in career-oriented education. DeVry reported increased revenues and enrollments compared to the prior year. It maintains a strong financial position and will focus on aligning costs, regaining enrollment growth, and making targeted investments.

1. Quality + Diversification = Growth
Credit Suisse Growth Services Conference
March 13, 2013

2. 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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3. 
DeVry Education Group
Medical & Business,Technology International, K-12 and
Healthcare & Management Professional Education
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4. Formula for Creating Value
Quality + Diversification = Growth
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5. Investment in education technology
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6. Facility Expansion
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7. Investments in Academic Quality
Developing
our Faculty
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8. Accreditor Approvals
Higher Learning Commission Dominica Medical Board
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9. Student Outcomes
94%+ NCLEX
Pass Rates
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NCLEX pass rate through the first 9 months of 2012.

10. Student Outcomes
86/
43
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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.

11. Student Outcomes
95% USMLE
Pass Rate
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Pass rates for Step 1 of the U.S. Medical Licensing Exam.

12. Quality Plus Diversification Sets Us Apart
Vertical Diversification: Horizontal Diversification: Geographic Diversification:
Enrollments by Program * Enrollments by Award Level * Revenues by Geography
Total Enrollment: Total Enrollment: Total Enrollment: Total Enrollment:
43,300 120,000+ 43,300 120,000+
2% 5%
2% 4%
14% 13%
30% 27% 21%
68%
45% 56% 96% 87%
70%
26%
18% 19%
Fall 2002 Fall 2011 Fall 2002 Fall 2011 2002 2011
Technology Business Associate/Certificate Bachelor’s USA Non-USA
Healthcare Other Master’s Doctoral
* Based on Fall 2011 data; excludes enrollments at Advanced Academics, Becker Professional Education, and DeVry Brasil.
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13. Quality + Diversification = Growth

14. Long-term Growth Opportunities
Growing need for career-oriented education
2/3
of all jobs
require
a degree
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15. Difference in Lifetime Earnings
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16. Return on Educational Investment (ROEI)
Electronics & Computer Tech. 20%
Accounting 30%
Respiratory Care 47%
Associate Web Graphic Design 50%
Dental Hygiene 53%
Network Systems Admin. 57%
Business Administration 22%
Biomedical Engineering Tech. 26%
Networking & Comm. Mgmt. 27%
Bachelor’s
Computer Information Sys. 30%
Technical Mgmt. 31%
Nursing (RN) 46%
Doctor of Veterinary Medicine 13%
Doctor of Medicine 18%
Graduate
MBA 29%
0% 10% 20% 30% 40% 50% 60%
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17. Public Sector Constrained
“Cal State cuts
165,000 seats…”
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18. FY13 First Six Months Results
Revenue Net Income
$1,004 $988
$82
$66
FY12 FY13 FY12 FY13
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19. 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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20. Strong Financial Position
(in millions)
$600
Cash Debt
$200
$500
$450
$150
$400 $125
$323
$300 $100
$225 $216
$200 $177
$50
$100
$0 $0 $0 $0
$0 $0
FY09 FY10 FY11 FY12 Thru FY09 FY10 FY11 FY12 Thru
Q213 Q213
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21. Performance Improvement Plan
Align Cost
Structure
Regain
Enrollment
Growth
Make
Targeted
Investments
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22. How We Compete
H Hands-on individual attention
I In 3 years, obtain a 4-yr. degree
R Reputation with employers
E Employment outcomes
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23. DeVry’s Differentiation
Gainful Employment DeVry’s programs passed
Private loans Minimal Exposure
Accreditation Risk HLC and DMB Approvals
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24. Quality + Diversification = Growth