DeVry, the losing streak continues. Shares of DeVry traded yesterday at $27.78, breaking its 52-week low. DeVry shares have fallen 24.0%. DeVry and other for-profit schools' poor reputation have been the main focus for students since the government took attention in addressing the high number of students and graduates who have defaulted on their student loans from the high-cost, low-benefit for-profit education industry. Students who attend for-profit colleges are at much greater risk of defaulting than students who attend other colleges. They are also no more employable than they were before getting their degree, except now they're deeper in debt. Part of this is due to the fact that for-profit schools students are mostly low-income students and students of color who are the first in their families to go to college. An investigation by the Government Accountability Office found that for-profit schools encouraged students to lie on their federal aid forms, claiming more dependents or failing to mention savings, so students and then the for-profit schools could qualify for more financial aid.
DeVry will do anything to get you enrolled and take your money. Really, all you have to do is walk through their front doors into their admissions office. The vultures are there waiting for future students to become prey and hoping they are poor enough to sign the FASFA forms so DeVry can get their hands on your federal aid money, military education benefits and other scholarships students earned. The thieves at DeVry will tell you these benefits should cover most of your education expenses, but they make sure you also sign the dotted line for future loans should they be needed. What they don't tell you is that they are needed from day 1 of your first class since DeVry is so expensive. They mislead students into believing they are receiving a higher valued education which will get them the highest paying jobs within 6 months of their graduation. The reality is that in today's job market, it is an outright lie to make promises of higher wages and guaranteed employment within 6 months. It is DeVry's deceptive scheme to lure students in to get a hold of their federal aid money. This is how for profit schools like DeVry got rich in the past as there was little government regulations in place to oversee the sub-standard education these for-profit schools provided their students.
As DeVrys reputation became highly scrutinized over their deficient education value and students made their experiences public via newsgroups, forums and internet, students began to realize they can receive a higher quality, respected education at local and state universities where financial advisors clearly disclose the student's financial obligations each semester or whenever requested. That's one of the major difference between DeVry (a for-profit school) and a state or local run university that has regulations. Integrity and ethics go a long way in the business world and DeVry failed miserably when they turned their main focus on their wealth statistics and lost vision to the quality of the education they sold their consumers.
A little note to DeVry. Business 101, which I learned from one of the most respected teacher around, states that the most important things to remember in managing any business are integrity and a steadfast commitment to ethical business practices. These are the cornerstones of how your business should operate in the present to succeed in the future.

