LISLE, Ill. – July 1, 2024 – As we look forward to the 2024-2025 academic year, DeVry University is at the forefront of its commitment to providing students with an accessible, high-quality education centered on their personal growth, academic pursuit and persistence.
With the rising cost of living and inflation, college affordability has become more important than ever. Students and families are feeling the squeeze of economic uncertainty, making cost a key factor in deciding where to pursue higher education. The cost of tuition and fees at institutions have been on a mostly upward trend over the past 20 years.
However, DeVry is committed to help making higher education more affordable, which is why we have frozen tuition rates for Undergraduate and Graduate programs through the 2024-2025 academic year. Earlier this year, the university also expanded on its scholarships offered with an additional four new programs for eligible students and alumni to help them pursue or advance their education. Furthermore, the university will award more than $79 million in student financial assistance in fiscal year 2024. [1]
"We recognize the significant impact financial assistance has on all aspects of the student experience," said Agnam Memeti, DeVry University's chief enrollment and student support officer. "Our unwavering commitment to affordability has led us to build scholarships and grants that help make it more affordable for our students as they pursue the necessary skills to excel in their careers," he recalled.
DeVry also understands the importance of closing the opportunity gap by serving a multitude of learners and helping them persist to graduation. For instance, the future of education is digital-first. This is especially true for non-traditional learners such as working adults, parents and underrepresented communities.
"Our flexible schedule and career-oriented programs cater to a diverse student population, many of whom balance their studies with professional and personal obligations," added Memeti. "These learners have long been left behind by most of the higher education community, but this untapped pool of talent is only growing," he explained.
DeVry has seen increasing enrollment from these demographics seeking technology degrees. According to DeVry's latest Impact Report, From Aspiration to Action: Closing the Opportunity Gap, 66% of DeVry students are female, 82% are at least 26 years old, and 60% are parents support children and other dependents.
The university views their success through graduation as critical. "Student retention and graduation rates are key indicators of an institution’s overall effectiveness and viability," explained Memeti.
DeVry's persistence rates reflect this commitment. The university's total session-to-session persistence rate increased from 83.1% in 2019 to 87.6% in 2023. This notable rise can be attributed to strategic initiatives aimed at improving student engagement and providing timely support, all aligned with the DeVry Care Formula.
"At DeVry, we believe education has the power to open doors and transform lives," added Memeti. "We aim to keep those doors open by remaining sensitive to the financial challenges our students and families face, and we are mindful of the specific resources and support that empower students to persist and succeed on their academic journey."
[1] *Data is inclusive of all partner tuition savings, institutional scholarships and grants for the period for July 1, 2023 to June 30, 2024.
