DeVry Stuart

8/2/2019 DeVry Stuart

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S T U A R T A U G U S T I N E

DEVRY INC


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INDUSTRY OVERVIEW

Enrollment Trends

Costs/Tuition

Graduation Rate

Job Placement Economy/unemployment rates

Grants

Federal Loans

Accreditation


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ENROLLMENT TRENDS

Summer/Fall enrollment change from 2010 to 2011


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INDUSTRY SNAPSHOT

Enrollment average =

64,616 Average graduation

rate = 18.6% Average total cost =

$15,605 Total average grants =

$3,938 Total average federal

loans = $9,424

Fiscal year ending 2010


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COSTS/TUITION


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DEFAULT RATES

Fiscal years 2007 to 2009


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ACCREDITATION

For-Profits

Several accredited by national associations

Public and Non-Profits

Typically accredited by regional associations Considered the Gold Standard

Translates into refusal of nationally accredited programcredits


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FEDERAL AID


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GOVERNMENT REGULATIONS

Industry structure

Title IV

90/10 Rule


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Gainful Employment


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DEVRY INC.

9 schools, 91 campuses plus online

Canada and Brazil


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DEMOGRAPHICS

Career-launchers versus Career-enhancers


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ENROLLMENT BREAKDOWN

DeVrys U.S. Postsecondary Educational Institutions

DeVry University, Keller GraduateSchool of Management

Chamberlain College of Nursing,Ross University, Carrington College

DeVry Brasil, Advanced Academics,Becker Professional Education


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DEVRY UNIVERSITY UNDERGRADUATE

ENROLLMENT TRENDS

Unreported 2011 graduation rates?

*Includes both onsite and online students


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DEVRY UNIVERSITYS ONLINE COURSE

ENROLLMENT TRENDS

Career-enhancers > Career-launchers 2010 74.4% 25+ Implications of economic growth

*Online enrollment is counted toward both new and total student enrollment


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DEVRY UNIVERSITY GRADUATE

ENROLLMENT TRENDS

Economic growth implications


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ROSS UNIVERSITY ENROLLMENT

Ross School of Medicine and Ross School of Veterinary Medicine


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CHAMBERLAIN COLLEGE OF NURSING

ENROLLMENT

Associate Degree in Nursing, Bachelor of Science in Nursing,Master of Science in Nursing


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CARRINGTON ENROLLMENT

*Carrington utilizes DeVry Universitys Online Services Platform to offer non-healthcare degree programs

Carrington College and Carrington College California

Offer more than nursing Medical Assisting, Lab Assistant, Dental Assisting/Hygiene,

Fitness Training, Massage Therapy, etc.


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DEVRY FUNDING RESOURCES

Title IV

State Grants

Private Loans

Student Accounts


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90/10 ruleDeVry overall


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GOVERNMENT REGULATION

90/10 Ruleby Institution


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COHORT DEFAULT RATES

*Cohort default rate is defined as the percentage of borrowers who entered repayment during aparticular federal fiscal year and defaulted prior to the end of the next fiscal year.

Cohort Default Rates on Student Loansby DeVry Universitys and Programs


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SCENARIOS FOR CONSIDERATION

Perceived Scenario

Within 5 years a revert to 85/15

This will have an adverse effect on the Ross School of VeterinaryMedicine and Carrington College

Gainful Employment

Education being received not of value = no repayment of loans

Downside Scenario

Online classes fail to be of valueresulting in a 50% decline

in enrollment


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SCENARIOS FOR CONSIDERATION

60/40

Low probability of occurring

Does not fit in with current plans to increase the U.S. to #1 incollege attainment.

Not a sustainable option in the long run for all educationproviders


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CONCLUSION

Industrycurrent downturn

DeVry, not a viable investment for Wells Fargo

However OPPORTUNITIES DO EXIST

DeVry University: Graduate Programs (2.6%)

Ross University of Medicine (.2%)

Ross University of Veterinary Medicine (0%)

Chamberlain College of Nursing (1.7%)

American University of the Caribbean

DeVry Stuart

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