DeVry Education Group's Response to Recent Regulatory Actions

The Federal Trade Commission (FTC) has sued DeVry University and its parent organization, DeVry Education Group, regarding the use of employment statistics and PayScale data in some of DeVry University's marketing efforts. The Department of Education ("the Department") has initiated an administrative action related more narrowly to a single advertising claim regarding DeVry University's historical graduate employment rate based on the unavailability of by-graduate records for the period 1975 to 1980. DeVry University recently reached an agreement with the U.S. Department of Education regarding this administrative action, known as a "Notice of Intent to Limit." The Department of Veterans Affairs (VA) also changed DeVry University's status in the Principles of Excellence program. We believe in DeVry University's advertising and the methodology used in measuring its employment statistics, and we take pride in our educational services and civic commitments to veterans.

DeVry Education Group and DeVry University are vigorously defending the FTC case; we believe DeVry University measured the employment and earnings results of its graduates in a sound, rational and transparent manner. In fact, a task force of 40 attorneys general recently, and independently, developed an employment rate methodology that we believe is similar to DeVry University's.

For those of you interested in learning more about our point of view, please find links below that provide a detailed overview and key facts. The following documents include an executive summary of the case, our press release and our statement concerning the VA's actions and our statement on the recent agreement with the Department..

DeVry University has an 85-year track record of providing high-quality, career-oriented education. We'd like to thank our current students and our 250,000 alumni for their support and for their contributions to our nation's workforce. DeVry Education Group continues to pursue its purpose: Empower students to achieve their educational and career goals.