DeVry University was once among the largest for-profit institutions in the country and the crown jewel in its parent company’s collection.
But enrollments have fallen and the for-profit institution has seen multiple lawsuits over advertising, recruitment and job placement.
Now DeVry’s parent company — Adtalem Global Education Inc. — is transferring ownership of the institution, along with Keller Graduate School of Management, to Cogswell Education LLC. DeVry and Keller together enroll nearly 30,000 students. Cogswell is the owner of Cogswell College, a California-based private for-profit institution of about 600 students, that specializes in art, game design, music and software engineering.
No money is changing hands