Adtalem Global Education

Adtalem Global Education Inc.

Formerly|

* DeVry Inc.
* DeVry Education Group Inc.

Type| Public

Traded as

* NYSE: ATGE
* S&P 600 component

Industry| Education
Founded| 1973; 53 years ago (1973)
Headquarters| Chicago, Illinois, U.S.

Key people

| Stephen W. Beard (President and CEO)
Revenue| US$1.788 billion (FY 2025)

Net income

| US$237.1 million (FY 2025)
Total assets| US$2.752 billion (FY 2025)

Number of employees

| 10,000 (2025)
Website| adtalem.com
Footnotes / references
[1][2]

Adtalem Global Education Inc. is a US corporation based in Chicago, Illinois, that operates for-profit higher education institutions, including American University of the Caribbean School of Medicine, Chamberlain University, Ross University School of Medicine, Ross University School of Veterinary Medicine, and Walden University.[3]

Before June 2018, the corporation was known as DeVry Inc. and DeVry Education Group Inc. Following a $100 million settlement with the FTC in 2016 regarding deceptive advertising, DeVry Education Group rebranded as Adtalem Global Education in 2017.[4][5][6] Adtalem began the process to sell off DeVry University and Keller Graduate School of Management later that year to focus on healthcare professional education.[7][8]

## Contents

* 1 History
* 1.1 Rebranding from DeVry Education Group to Adtalem Global Education
* 1.2 Acquisitions and divestitures
* 2 Operations
* 2.1 Campuses and enrollment
* 2.2 Leadership
* 2.3 Finances
* 3 Controversies
* 4 References
* 5 External links

## History

DeVry Inc. was created in 1987 with the merger of DeVry Institute of Technology (DIT) and the Keller Graduate School of Management.[9] DIT was established in Chicago as the DeForest Training School in 1931 and was acquired by Bell & Howell in 1967. Keller was started by two DIT teachers in 1973; the company acquired DIT from Bell & Howell in 1987. DeVry Inc. went public in 1991,[8] moved to the New York Stock Exchange in 1995,[10] and became known as DeVry Education Group in 2013.[11] The company was previously based in Downers Grove, Illinois.[12]

In 2012, the company moved 150 jobs from its campus in Roscoe Village to a new office in Chicago's West Loop. The company had additional offices in Oak Brook, as of 2013.[13] In 2015, the company opened another office in the West Loop, after the city approved a $1 million subsidy for the company in the form of tax increment financing in 2012.[14]

In November 2013, DeVry Inc. was renamed DeVry Education Group.[15]

### Rebranding from DeVry Education Group to Adtalem Global Education

Following a $100 million settlement with the FTC in 2016 regarding deceptive advertising, DeVry Education Group rebranded as Adtalem Global Education in 2017 and began the process to sell off DeVry University and Keller Graduate School of Management later that year.[6][7][16][17] The company stated that the new name signified a renewed focus on professional education in the health care and financial services sectors.[18] Industry analysts characterized the move as an effort to move on from DeVry's legal, financial and reputational challenges.[5][19][20]

Inside Higher Ed said, "Even before the new name change, the company has sought to differentiate itself publicly from the rest of the for-profit sector. It has responded to increased regulatory scrutiny -- and negative headlines -- for the sector by announcing self-imposed reforms such as voluntarily limiting the amount of revenue it takes in from federal aid."[6]

The company's headquarters were later relocated from Downers Grove to 500 West Monroe Street in the West Loop Gate.[21] In 2024, Crain's Chicago Business said Adtalem had become "the largest health care educator in the nation during a post-COVID period in which the health care sector has faced severe labor shortages".[22] In November 2024, Adtalem announced plans to expand office capacity by moving to an 84,000-square-foot space in Willis Tower in early 2025.[21][22] In late 2024, Adtalem partnered with Hippocratic AI to train health care professionals on using artificial intelligence.[23] In 2025, Adtalem and Google Cloud partnered to develop a credentials program preparing students and healthcare workers to use artificial intelligence in the clinical environment, starting in 2026.[24]

### Acquisitions and divestitures

Adtalem acquired Becker CPA Review (now known as Becker Professional Education), which prepared students for the Certified Public Accountant exam, in 1996.[25] Adtalem acquired Ross University School of Veterinary Medicine in 2003,[26] Chamberlain University (then Deaconess School of Nursing) in 2005,[27] and American University of the Caribbean in 2011.[28][29] Adtalem agreed to purchase Walden University for approximately $1.5 billion in September 2020.[30][31] The agreement required approval by the U.S. Department of Education and the Higher Learning Commission.[32] When the deal closed in August 2021, Adtalem became the largest provider of graduate and undergraduate degrees in nursing.[33]

At the time of the re-branding, approximately half of Adtalem's 225,000 students were based in Brazil and approximately one fifth were studying healthcare.[6] Adtalem went on to divest from the Brazil operations in May 2020.[34]

Adtalem began selling business units unrelated to healthcare education in 2017 and consolidated focus on the industry during 2019–2020, when there was a shortage of health professionals.[35] In 2018, the company sold Carrington College to San Joaquin Valley College,[36] as well as DeVry University to Cogswell Education.[37][38][39] In 2019, Kaplan, Inc. acquired Becker's healthcare test preparation assets. Kaplan also agreed to provide Adtalem with U.S. Medical Licensing Examination review programs to Ross University School of Medicine and American University of the Caribbean.[40] In 2022, Colibri Group acquired Becker and OnCourse Learning from Adtalem. Adtalem also sold the Association of Certified Anti-Money Laundering Specialists to the French investment company Wendel. The specific purchase terms were not disclosed, but Adtalem confirmed that its financial services segment, which included ACAMLS, Becker, and OnCourse, sold for $1 billion.[41] Since selling its financial services education business, Adtalem has focused primarily on healthcare education.[42]

## Operations

### Campuses and enrollment

Adtalem's institutions operated approximately 130 campuses globally in 2018. Twelve of the 90 U.S. campuses were located in Illinois.[43] In 2020, Adtalem's businesses operated 26 campuses in four countries and fifteen U.S. states. Approximately 90,000 students attended schools with a combined 6,100 faculty members. According to Adtalem, 34 percent of the students were Black. The company also claimed to be the largest provider of Master's, doctorate, and nursing degrees for African Americans.[44] As of 2021, approximately 82 percent of the 140,000 students enrolled at Adtalem schools learned via distance education.[45] In 2022, Adtalem operated 27 campuses and offered courses in 209 countries and territories.[46]

### Leadership

Stephen Beard, who was previously Adtalem's chief operating officer,[47] became the chief executive officer (CEO) in 2021.[48] He was appointed the chair of the board of directors in November 2024, succeeding Michael W. Malafronte.[49] Beard was included in Time magazine's 2025 "Time100 Health" list of influential people in the healthcare industry.[50]

Chris Begley was the board chair in 2016.[51] Daniel Hamburger and Lisa Wardell have previously held the CEO role.[52][53] Wardell was appointed in 2016.[54][55] She was the only Black woman to lead a Fortune 1000 company in 2018, according to Crain's Chicago Business.[56] Wardell was also the board chair in 2019. In 2021, an analysis by the University of Illinois Urbana-Champaign ranked Adtalem in the top five Illinois-based public firms for both gender and racial diversity on the board.[57]

### Finances

In 2017, Adtalem lost approximately $4.6 million from the impacts of Hurricane Irma and Hurricane Maria.[58] The company made a profit of $95.6 million in 2019 and lost $85.8 million in 2020,[58] suffering from enrollment declines during the COVID-19 pandemic.[59] In early 2024, Adtalem was targeted by a short seller[60] and the company announced a $300 million repurchase program.[61] In late 2024, Investor's Business Daily said Adtalem saw an average sales growth of fourteen percent over the last three years.[62] For the 2024 fiscal year, Adtalem repurchased 5.446 million shares for approximately $261 million. In May 2025, the repurchase was completed and a new stock buyback program of up to $150 million through May 2028 was launched.[61]

## Controversies

Adtalem, formerly known as DeVry Education Group, has been the subject of numerous investigations and lawsuits alleging a variety of false or deceptive practices. While the group has generally denied the allegations, several cases led to multi-million dollar settlements.[4][63][64]

In December 2016, DeVry Education Group agreed to a $100 million settlement of a lawsuit regarding deceptive advertising filed by the U.S Federal Trade Commission.[65][66] Under the settlement, the group agreed to pay $49.4 million in cash to students and forgive $50.6 million in loans to students.[66]

Months after the FTC settlement, DeVry Education Group rebranded as Adtalem Global Education in May 2018.[67]

For-profit higher education in the United States has been the subject of hearings by the United States Senate Committee on Health, Education, Labor, and Pensions. Specifically regarding DeVry, the Committee[68] found that over half of the students enrolled at DeVry in 2008-2009 withdrew by mid-2010.[69] As of 2015, DeVry spent more on marketing than on student instruction.[69]

As of 2013[update], DeVry Inc. was under investigation by the Attorneys General of the states of Illinois and Massachusetts.[70][71]

In 2014, accumulated student loan debt from DeVry University and Keller, its graduate school, had reached approximately $12.1 billion.[72]

A lawsuit filed against DeVry alleged deceptive recruiting practices in violation of federal law.[73]

In January 2016, The Federal Trade Commission filed a lawsuit against DeVry Education Group alleging false or misleading advertising.[74][75] A class action lawsuit was also filed against DeVry Group in US District Court, Northern District of California claiming breaches of contract, good faith and fair dealing, violations of the California Unfair Trade Practices Act, the California False Advertising Act and the California Consumer Legal Remedies Act, and negligent misrepresentations. A confidential settlement was reached.[76]

In May 2016, a shareholder class action lawsuit was filed against DeVry Group, in the US District Court, Northern District of Illinois. The plaintiffs claimed that defendants made false or misleading statements regarding DeVry University's graduate employment rate and the earnings of DeVry University graduates relative to the graduates of other universities and colleges.[76] The case was settled in 2019 for $27.5 million.[77]

In December 2017, a former administrator filed a civil lawsuit number with the Los Angeles Superior Court, seeking relief for a number of causes of action including Retaliation and Wrongful Termination in Violation of Public Policy for complaining about an incentive-based compensation program that rewarded campus deans for recruiting and enrolling students.[78]

## References

1. ↑ "SPSM: SPDR® Portfolio S&P 600™ Small Cap ETF". https://www.ssga.com/us/en/institutional/etfs/funds/spdr-portfolio-sp-600-small-cap-etf-spsm.
2. ↑ "Adtalem Global Education Announces Exceptional Fiscal Year 2025 Results; Initiates Fiscal Year 2026 Guidance". https://investors.adtalem.com/press-releases/press-releases-details/2025/Adtalem-Global-Education-Announces-Exceptional-Fiscal-Year-2025-Results-Initiates-Fiscal-Year-2026-Guidance/default.aspx.
3. ↑ "Adtalem Global Education". https://www.adtalem.com/.
4. ↑ 4.0 4.1 "DeVry University agrees to $100 million settlement with U.S. FTC" (in en). Reuters. 2016-12-15. https://www.reuters.com/article/us-devry-ftc-idUSKBN1442A2.
5. ↑ 5.0 5.1 "DeVry University’s parent company changes name after legal troubles" (in English). https://www.daytondailynews.com/news/devry-university-parent-company-changes-name-after-legal-troubles/LGpH5rjV1Fl2WIeNs9eKbK/.
6. ↑ 6.0 6.1 6.2 6.3 Kreighbaum, Andrew (May 2, 2017). "DeVry to Rebrand as Adtalem Global Education" (in en). https://www.insidehighered.com/quicktakes/2017/05/03/devry-rebrand-adtalem-global-education.
7. ↑ 7.0 7.1 "POLITICO Pro: For-profit DeVry University to be sold to smaller company" (in en). https://subscriber.politicopro.com/education/article/2017/12/for-profit-devry-university-to-be-sold-to-smaller-company-206299.
8. ↑ 8.0 8.1 Strahler, Steven R. (December 5, 2017). "DeVry University's ownership changes". Crain's Chicago Business. https://www.chicagobusiness.com/article/20171205/NEWS13/171209938/devry-university-sold-to-cogswell-by-adtalem.
9. ↑ "About Us". DeVry Inc.. http://www.devryinc.com/about-us/history.jsp.
10. ↑ Murphy, H. Lee (December 2, 1995). "Expansion-Minded DeVry Set Sights on Debut in NY Market". Crain's Chicago Business. https://www.chicagobusiness.com/article/19951202/ISSUE01/10008259/expansion-minded-devry-sets-sights-on-debut-in-ny-market.
11. ↑ Yue, Lorene (November 6, 2013). "DeVry Inc. unveils new company name" (in en-US). Crain Communications. https://www.chicagobusiness.com/article/20131106/NEWS13/131109895/devry-inc-unveils-new-company-name.
12. ↑ "Parent of struggling DeVry University is changing its name to Adtalem". Tampa Bay Times. May 24, 2017. https://www.tampabay.com/news/business/corporate/parent-of-struggling-devry-university-is-changing-its-name-to-adtalem/2324986/.
13. ↑ "DeVry Inc. unveils new company name" (in en-US). 2013-11-06. https://www.chicagobusiness.com/article/20131106/NEWS13/131109895/devry-inc-unveils-new-company-name.
14. ↑ Sachdev, Ameet (June 15, 2018). "DeVry lays off 90, will close Chicago office". Chicago Tribune. https://www.chicagotribune.com/2015/07/14/devry-lays-off-90-will-close-chicago-office/.
15. ↑ "Subscription Center". 6 November 2013. http://www.chicagobusiness.com/article/20131106/NEWS13/131109895/devry-inc-unveils-new-company-name.
16. ↑ Strahler, Steven R. (December 5, 2017). "DeVry University's ownership changes". Crain's Chicago Business. https://www.chicagobusiness.com/article/20171205/NEWS13/171209938/devry-university-sold-to-cogswell-by-adtalem.
17. ↑ "Parent of struggling DeVry University is changing its name to Adtalem". Tampa Bay Times. May 24, 2017. https://www.tampabay.com/news/business/corporate/parent-of-struggling-devry-university-is-changing-its-name-to-adtalem/2324986/.
18. ↑ "Adtalem continues shift to professional ed | Higher Ed Dive" (in en-US). https://www.highereddive.com/news/adtalem-continues-shift-to-professional-ed/561510/.
19. ↑ "Parent of DeVry University changing its name" (in en-US). 2017-05-24. https://www.ibj.com/articles/63937-parent-of-devry-university-changing-its-name.
20. ↑ "Adtalem expanding, moving HQ to Willis Tower" (in en-US). 2024-11-13. https://www.chicagobusiness.com/commercial-real-estate/adtalem-expanding-moving-hq-willis-tower.
21. ↑ 21.0 21.1 Ecker, Danny (November 13, 2024). "Adtalem expanding, moving HQ to Willis Tower" (in en-US). https://www.chicagobusiness.com/commercial-real-estate/adtalem-expanding-moving-hq-willis-tower.
22. ↑ 22.0 22.1 Asplund, Jon (November 19, 2024). "Adtalem president and CEO adds chairman to his titles" (in en-US). https://www.chicagobusiness.com/education/adtalem-ceo-and-president-steve-beard-becomes-chairman.
23. ↑ Galgani, Matthew (December 20, 2024). "This Google-Assisted AI Stock Targets Yet Another Breakout". Investor's Business Daily. https://www.investors.com/research/ibd-stock-analysis/adtalem-global-education-ai-healthcare-atge/.
24. ↑ "Adtalem, Google Cloud to launch AI credential program for healthcare professionals". Reuters. October 15, 2025. https://www.reuters.com/technology/adtalem-google-cloud-launch-ai-credential-program-healthcare-professionals-2025-10-15/.
25. ↑ "DeVry Acquires CPA Training Firm". Chicago Tribune. June 20, 1996. https://www.chicagotribune.com/1996/06/20/devry-acquires-cpa-training-firm/.
26. ↑ Blumenstyk, Goldie (March 21, 2003). "DeVry Buys Offshore Medical and Veterinary School for $310-Million". The Chronicle of Higher Education. https://www.chronicle.com/article/devry-buys-offshore-medical-and-veterinary-school-for-310-million/.
27. ↑ Jaschik, Scott (March 15, 2005). "DeVry Buys Nursing School". Inside Higher Ed. https://www.insidehighered.com/news/2005/03/16/devry-buys-nursing-school.
28. ↑ Yue, Lorene (November 6, 2013). "DeVry Inc. unveils new company name" (in en-US). Crain Communications. https://www.chicagobusiness.com/article/20131106/NEWS13/131109895/devry-inc-unveils-new-company-name.
29. ↑ "DeVry buys Caribbean medical school for $235M". Associated Press. August 4, 2011. http://www.businessweek.com/ap/financialnews/D9OTCQFO0.htm/.
30. ↑ Miller, Ben; Milligan, Carley (September 11, 2020). "Adtalem buying Walden University for $1.48 billion". Minneapolis / St. Paul Business Journal. https://www.bizjournals.com/twincities/news/2020/09/11/adtalem-buying-walden-university-for-1-48-billion.html.
31. ↑ Wilen, Holden (November 13, 2020). "Laureate executives to get big payouts for sale of online university". Baltimore Business Journal. https://www.bizjournals.com/baltimore/news/2020/11/13/laureate-executives-to-receive-millions-payouts.html.
32. ↑ McKenzie, Lindsay (September 13, 2020). "Adtalem Wagers on Health-Care Education With Acquisition". Inside Higher Ed. https://www.insidehighered.com/news/2020/09/14/adtalem-wagers-walden-university-hopes-building-health-care-education-powerhouse.
33. ↑ Cherney, Elyssa (August 13, 2021). "The former DeVry switches CEOs mid-makeover" (in en-US). https://www.chicagobusiness.com/education/profit-adtalem-doubles-down-health-care-will-ceo-change-spook-investors.
34. ↑ "Grupo educacional da YDUQS compra Adtalem Global Education por 391,5 milhões de dólares" (in pt). https://br.lexlatin.com/noticias/grupo-educacional-da-yduqs-compra-adtalem-global-education-por-3915-milhoes-de-dolares.
35. ↑ Norton, Kit (May 9, 2025). "How This Education Play Has Defied The Weak Stock Market And Soared To All-Time Highs". Investor's Business Daily. https://www.investors.com/research/the-new-america/adtalem-global-education-stock-market-trump/.
36. ↑ "San Joaquin Valley College, Inc. signs agreement to acquire Carrington College". San Joaquin Valley College. June 29, 2018. https://www.sjvc.edu/blog/san-joaquin-valley-college-inc-signs-agreement-to-acquire-carrington-college/.
37. ↑ Strahler, Steven R. (December 5, 2017). "DeVry University's ownership changes". Crain's Chicago Business. https://www.chicagobusiness.com/article/20171205/NEWS13/171209938/devry-university-sold-to-cogswell-by-adtalem.
38. ↑ "Handing Off DeVry" (in en). December 5, 2017. https://www.insidehighered.com/news/2017/12/06/devry-traded-private-small-company.
39. ↑ Javers, Eamon (January 30, 2024). "Fahmi Quadir, short seller nicknamed ‘The Assassin,’ takes aim at for-profit college giant Adtalem". CNBC. https://www.cnbc.com/2024/01/30/-adtalem-targeted-by-short-seller-fahmi-quadir-nicknamed-the-assassin.html.
40. ↑ "Kaplan Buys Healthcare Test Prep Assets from Adtalem - EdSurge News" (in en). August 20, 2019. https://www.edsurge.com/news/2019-08-20-kaplan-buys-healthcare-test-prep-assets-from-adtalem.
41. ↑ Barr, Diana (January 24, 2022). "St. Louis online education firm to expand with planned acquisition". St. Louis Business Journal. https://www.bizjournals.com/stlouis/news/2022/01/24/colibri-group-to-expand-with-planned-acquisition.html.
42. ↑ Asplund, Jon (June 21, 2023). "How Adtalem, the biggest health care educator in the U.S., plans to get even bigger" (in en-US). https://www.chicagobusiness.com/health-pulse/how-adtalem-global-education-plans-further-growth.
43. ↑ Marotti, Ally (June 4, 2018). "Parent company of DeVry University changes its name" (in en-US). https://www.chicagotribune.com/2017/05/24/parent-company-of-devry-university-changes-its-name/.
44. ↑ McKenzie, Lindsay (September 13, 2020). "Adtalem Wagers on Health-Care Education With Acquisition". Inside Higher Ed. https://www.insidehighered.com/news/2020/09/14/adtalem-wagers-walden-university-hopes-building-health-care-education-powerhouse.
45. ↑ Cherney, Elyssa (August 13, 2021). "The former DeVry switches CEOs mid-makeover" (in en-US). https://www.chicagobusiness.com/education/profit-adtalem-doubles-down-health-care-will-ceo-change-spook-investors.
46. ↑ Bojnansky, Erik (March 9, 2022). "Public company signs long-term lease at former USA Today printing press". South Florida Business Journal. https://www.bizjournals.com/southflorida/news/2022/03/09/for-profit-school-relocating-to-ex-printing-press.html. "Adtalem owns nine for-profit schools and companies and employs more than 10,000 people. It also has 27 operating campuses and a presence in 209 countries and territories.".
47. ↑ Bertagnoli, Lisa (July 16, 2021). "Diversity starts in the boardroom" (in en-US). https://www.chicagobusiness.com/equity/chicago-firms-need-diversify-their-boards.
48. ↑ Cherney, Elyssa (August 13, 2021). "The former DeVry switches CEOs mid-makeover" (in en-US). https://www.chicagobusiness.com/education/profit-adtalem-doubles-down-health-care-will-ceo-change-spook-investors.
49. ↑ Asplund, Jon (November 19, 2024). "Adtalem president and CEO adds chairman to his titles" (in en-US). https://www.chicagobusiness.com/education/adtalem-ceo-and-president-steve-beard-becomes-chairman.
50. ↑ Fuchs, Matt (May 8, 2025). "Steve Beard: Diversifying medicine". Time. https://time.com/collections/time100-health-2025/7279601/steve-beard/.
51. ↑ Douglas-Gabriel, Danielle (May 24, 2016). "For-profit college company DeVry Education Group replaces CEO". The Washington Post. https://www.washingtonpost.com/news/grade-point/wp/2016/05/24/for-profit-college-company-devry-education-group-replaces-ceo/.
52. ↑ "Parent of struggling DeVry University is changing its name to Adtalem". Tampa Bay Times. May 24, 2017. https://www.tampabay.com/news/business/corporate/parent-of-struggling-devry-university-is-changing-its-name-to-adtalem/2324986/.
53. ↑ Yue, Lorene (November 6, 2013). "DeVry Inc. unveils new company name" (in en-US). Crain Communications. https://www.chicagobusiness.com/article/20131106/NEWS13/131109895/devry-inc-unveils-new-company-name.
54. ↑ Janssen, Kim. "DeVry Education Group CEO out after federal lawsuit". Chicago Tribune. https://www.chicagotribune.com/2016/05/24/devry-education-group-ceo-out-after-federal-lawsuit/.
55. ↑ Fain, Paul (May 24, 2016). "DeVry CEO Replaced by Board Member". Inside Higher Ed. https://www.insidehighered.com/quicktakes/2016/05/25/devry-ceo-replaced-board-member.
56. ↑ Bianchi, Laura (October 25, 2018). "Meet the only black woman leading a Fortune 1000 company". Crain's Chicago Business. https://www.chicagobusiness.com/education/meet-only-black-woman-leading-fortune-1000-company.
57. ↑ "Diversity starts in the boardroom" (in en-US). 2021-07-16. https://www.chicagobusiness.com/equity/chicago-firms-need-diversify-their-boards.
58. ↑ 58.0 58.1 Cherney, Elyssa (August 13, 2021). "The former DeVry switches CEOs mid-makeover" (in en-US). https://www.chicagobusiness.com/education/profit-adtalem-doubles-down-health-care-will-ceo-change-spook-investors.
59. ↑ Asplund, Jon (June 21, 2023). "How Adtalem, the biggest health care educator in the U.S., plans to get even bigger" (in en-US). https://www.chicagobusiness.com/health-pulse/how-adtalem-global-education-plans-further-growth.
60. ↑ Bojnansky, Erik (March 9, 2022). "Public company signs long-term lease at former USA Today printing press". South Florida Business Journal. https://www.bizjournals.com/southflorida/news/2022/03/09/for-profit-school-relocating-to-ex-printing-press.html. "Adtalem owns nine for-profit schools and companies and employs more than 10,000 people. It also has 27 operating campuses and a presence in 209 countries and territories.".
61. ↑ 61.0 61.1 Norton, Kit (May 9, 2025). "How This Education Play Has Defied The Weak Stock Market And Soared To All-Time Highs". Investor's Business Daily. https://www.investors.com/research/the-new-america/adtalem-global-education-stock-market-trump/.
62. ↑ Galgani, Matthew (December 20, 2024). "This Google-Assisted AI Stock Targets Yet Another Breakout". Investor's Business Daily. https://www.investors.com/research/ibd-stock-analysis/adtalem-global-education-ai-healthcare-atge/.
63. ↑ Cowley, Stacy (2018-11-11). "Borrowers Face Hazy Path as Program to Forgive Student Loans Stalls Under Betsy DeVos" (in en-US). The New York Times. ISSN 0362-4331. https://www.nytimes.com/2018/11/11/business/student-loans-betsy-devos.html.
64. ↑ Lobosco, Katie (2016-01-27). "DeVry University sued for 'deception'". https://money.cnn.com/2016/01/27/pf/college/devry-university-ftc/index.html.
65. ↑ Chokshi, Niraj (Dec 15, 2016). "DeVry University Will Pay $100 Million for Students’ Loans and Tuition". The New York Times. https://www.nytimes.com/2016/12/15/business/devry-settlement-ftc.html.
66. ↑ 66.0 66.1 "DeVry University Agrees to $100 Million Settlement with FTC" (in en). 2016-12-15. https://www.ftc.gov/news-events/news/press-releases/2016/12/devry-university-agrees-100-million-settlement-ftc.
67. ↑ "Parent company of DeVry University changing its name" (in en-US). 2017-05-24. https://apnews.com/c0ad2ecfc3b84838bf7efac31969fdc0.
68. ↑ "US Senate Committee on Health, Education, Labor, & Pensions". http://www.help.senate.gov/.
69. ↑ 69.0 69.1 "DeVry, Inc. : Introduction". Help.senate.gov. http://www.help.senate.gov/imo/media/for_profit_report/PartII/DeVry.pdf.
70. ↑ "Illinois, Massachusetts issue subpoenas to DeVry". 16 April 2013. https://www.chicagotribune.com/2013/04/16/illinois-massachusetts-issue-subpoenas-to-devry/.
71. ↑ "DeVry Faces Investigations From Attorneys General in 2 States – The Ticker - Blogs - The Chronicle of Higher Education". 15 April 2013. http://chronicle.com/blogs/ticker/devry-faces-investigations-from-attorneys-general-in-2-states.
72. ↑ "A crisis in student loans? How changes in the characteristics of borrowers and in the institutions they attended contributed to rising loan defaults". https://www.brookings.edu/wp-content/uploads/2016/07/ConferenceDraft_LooneyYannelis_StudentLoanDefaults.pdf.
73. ↑ "DeVry University Hit With Lawsuit Alleging Officials Would 'Bribe' Students, Violate Federal Regulations". The Huffington Post. 29 January 2013. http://www.huffingtonpost.com/2013/01/29/devry-university-lawsuit_n_2573708.html.
74. ↑ "FTC Brings Enforcement Action Against DeVry University". Federal Trade Commission Press Release. 27 January 2016. https://www.ftc.gov/news-events/press-releases/2016/01/ftc-brings-enforcement-action-against-devry-university.
75. ↑ "FEDERAL TRADE COMMISSION, Plaintiff, v. DEVRY EDUCATION GROUP INC.". https://www.ftc.gov/system/files/documents/cases/160127devrycmpt.pdf.
76. ↑ 76.0 76.1 "United States Securities and Exchange Commission Form 10-K For the fiscal year ended: June 30, 2016: DeVry Education Group Inc.". https://www.sec.gov/Archives/edgar/data/730464/000114420416121173/v446933_10k.htm.
77. ↑ "Judge gives nod to $28M deal to settle investor suit vs DeVry Education Group over grad job rate claims; Lawyers to get $7M". https://cookcountyrecord.com/stories/513461073-judge-gives-nod-to-28m-deal-to-settle-investor-suit-vs-devry-education-group-over-grad-job-rate-claims-lawyers-to-get-7m.
78. ↑ "Catrin Hechl v. DeVry University, Inc (2:18-cv-00931)". https://www.courtlistener.com/docket/6311217/catrin-hechl-v-devry-university-inc/.

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