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US University to open branch in Bahamas

NORTH BRUNSWICK, N.J. – Ross University, a division of DeVry Inc. (NYSE:DV), will open a branch campus in Freeport, Grand Bahama, in January 2009. The new location will accommodate the growing demand from new students who wish to attend Ross University, which has a medical school campus in Dominica and a veterinary school campus in St. Kitts.

The Ross University Freeport campus will initially accommodate students in the University’s growing medical school. The students will be housed and taught in temporary space in Grand Bahama with Ross’s brand new 60,000-80,000 square foot campus scheduled to open in 2010. The Ross Dominica campus will continue to maintain its location as the medical school’s primary campus. All students in the medical school will begin their training in Dominica, with a portion of third and forth semester students transferring to Freeport.

“The demand we have been experiencing from new students has made expansion inevitable and the Bahamas was a natural location to accommodate this continued growth,” said Dr. Thomas Shepherd, president of Ross University. “Our new branch campus will serve as an ideal complement to our existing facilities in Dominica and represents the next step in our evolution as one of the world’s premier providers of medical and health sciences education.”

The Ross University Freeport campus, located 52 miles from Fort Lauderdale, will grow to accommodate the future expansion needs of Ross University’s medical program, as well as potentially adding other degree programs. The new campus will initially have 18 – 25 faculty members, and will be equipped for further growth as demand increases. Depending upon the pace of development, capital expenditures related to opening the branch campus, including land and buildings, is expected to be in the range of $35-$60 million over the next 5 years.

“In Dominica, we have one of the world’s most technologically advanced teaching facilities, not to mention some of the best and most capable students in medicine,” said Dr. Shepherd. “We look forward to building on the foundation of excellence that continues to flourish there with an equally sophisticated and stimulating campus and curriculum in Freeport.”

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