DeVry Says ‘No Problem’ With Student Loans

For-profit and independent colleges have been put through the wringer this year.

On the one hand, competition for students is heating up as state financed and private universities battle for students. On the other hand, the sour financing market has meant that a lot of their students may not qualify for student loans this year.

DeVry Inc., the for-profit and privately held company which owns DeVry University, Ross University, and the Chamberlain College of Nursing, to name a few schools, is one such school impacted by the financial marketplace this year. However, the school is saying “…current disruptions in the student lending business should not affect its students’ abilities to get educational loans.”

Although there are some lenders who have been reducing loan options and programs as the credit markets have tightened up in the past few months, DeVry said in a press release that those changes will “cause no material impact to student’s ability to obtain education funding.”

Tuition at DeVry is approximately $10,450 per calendar year or $365 per credit hour. DeVry University is accredited by The Higher Learning Commission of the North Central Association (NCA), 30 North LaSalle Street Chicago, Illinois, 60602. The University’s Keller Graduate School of Management is included in this accreditation. NCA is listed by the U.S. Department of Education as a recognized accrediting association.

DeVry is not recognized as a university in the state of New York or in the province Alberta, but the school offers classes under the DeVry Institute of Technology name in those locations.

Resources

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