Financial Highlights and Strategy Rick Gunst Senior Vice President and Chief Financial Officer Rick Gunst Senior Vice President and Chief Financial Officer

Revenue Fiscal Years In Millions

Net Income Fiscal Years In Millions

Revenue First Nine Months In Millions +12.6%

Net Income and EPS First Nine Months +92.8% Net IncomeEarnings Per Share +93.2% *Includes $12.4 million after-tax gains from DeVry University facility sales and $0.7 million in severance charges. $48.5 $11.7* $0.68 $0.17* $M

Segment Results DeVry University First Nine Months *Includes $20.9 million pre-tax gains from DeVry University facility sales and $1.1 million in severance charges. +8.9% RevenueOperating Income +63.5% $20.1 $19.8* $M

Segment Results Medical and Healthcare First Nine Months +27.2% RevenueOperating Income +28.3% $M

Segment Results Professional and Training First Nine Months +30.7% RevenueOperating Income +39.3% $M

Opportunities for Margin Expansion Pre-Tax Income In Millions 3.8% 9.2% *Includes $20.9 million pre-tax gains from DeVry University facility sales and $1.1 million in severance charges.

DeVry University 12.5% 3.7%*(8.8) pts Medical & Healthcare-37.4%+37.4 pts Professional & Training28.6%36.1%+7.5 pts Interest/Amort./Depr.(0.3)%(1.7)%(1.4) pts Total DeVry Inc.13.2%9.2%(4.0) pts Pre-Tax Operating Margin (%) YTD Q3 FY’03 YTD Q3 FY’07 B(W) *FY’07 results exclude facility sale gains and severance charge. Opportunities for Margin Expansion FY’03-FY’07

Workforce Reductions FY 2007 Voluntary Separation70$1.1$2.6$3.7 Involuntary Separation145-$2.6$ $1.1$5.2$6.3 # of Employees Cost Reductions of $10 Million Per Year in FY 2008 and Beyond Severance ($M) Q3Q4Total

Real Estate Strategy Optimizing Large Campuses We are committed to every market we serve. Category 1Category 2Category 3 Enrollment growthLower enrollments Desirable locationNear term leases or high property values Longer term leases or lower property values Strategy: Retain facility Strategy: Sell and relocate or leaseback space Strategy: Reconfigure/ co-locate

Substantial Debt Reduction In Millions

Financial Strategy  Reduced debt levels  Amended credit agreement  Declared first dividend  Initiated stock repurchase program –Repurchased 194,000 shares for $5.3 million in Q3 FY 2007 Building Value for Our Shareholders

Financial Highlights  Improving operating performance  Strengthening financial position  Enhancing shareholder returns Summary