Washington, D.C. 20549

                                    FORM 8-K

                                 CURRENT REPORT
     Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934

                                 Date of Report
                        (Date of earliest event reported)

                                 April 19, 2007


                                   DEVRY INC.
             (Exact name of registrant as specified in its charter)


       Delaware                      1-13988                     36-3150143
(State of incorporation)     (Commission File Number)           (IRS Employer
                                                             Identification No.)

       One Tower Lane, Suite 1000
       Oakbrook Terrace, Illinois                                   60181
(Address of principal executive offices)                          (Zip Code)

                                 (630) 571-7700
              (Registrant's telephone number, including area code)

          (Former name or former address, if changed since last report)


Check the appropriate box below if the Form 8-K filing is intended to
simultaneously satisfy the filing obligation of the registrant under any of the
following provisions (see General Instruction A.2. below):

|_|  Written communications pursuant to Rule 425 under the Securities Act (17
     CFR 230.425)

|_|  Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR

|_|  Pre-commencement communications pursuant to Rule 14d-2(b) under the
     Exchange Act (17 CFR 240.14d-2(b))

|_|  Pre-commencement communications pursuant to Rule 13e-4(c) under the
     Exchange Act (17 CFR 240.13e-4(c))


Item 8.01 Other Events.

On April 19,  2007,  the  Company  issued a press  release  stating  that it had
received a query from the New York  Attorney  General's  office in February 2007
regarding the New York Attorney  General's  inquiry into student loan practices,
and that it had been  cooperating  with the New York Attorney  General's  Office
since receiving the query.

Forward Looking Statements

     Certain  information  in this Form 8-K and the related press release may be
deemed to contain  forward-looking  statements within the safe harbor provisions
of the Private  Securities  Litigation  Reform Act of 1995. All statements other
than those that are purely historical are forward-looking statements. Words such
as "expect," "anticipate,"  "believe," "estimate," "intend," "plan," and similar
expressions also identify forward-looking statements.

     Because these  forward-looking  statements involve risks and uncertainties,
there are  important  factors that could cause the Company's  actual  results to
differ  materially  from  those  in the  forward-looking  statements  including,
without limitation,  the risk that subsequent  unanticipated  events,  including
unanticipated  costs,  may  occur  in  connection  with  the New  York  Attorney
General's   inquiry.   Additional   information   regarding   potential   risks,
uncertainties and other factors that could cause results to differ are described
more fully in Item 1A "Risk Factors" in the Company's Annual Report on Form 10-K
for the  fiscal  year ended June 30,  2006.  Readers  should  also  consult  the
Company's  Quarterly  Report on Form 10-Q for the fiscal  quarter ended December
31, 2006.

     These  forward-looking  statements are based on information as of April 19,
2007,  and the Company  assumes no obligation  to publicly  update or revise its
forward-looking  statements  even if experience or future  changes make it clear
that any projected results expressed or implied therein will not be realized.

Item 9.01 Financial Statements and Exhibits

99.1 Press Release dated April 19, 2007


     Pursuant to the requirements of the Securities Exchange Act of 1934, the
registrant has duly caused this report to be signed on its behalf by the
undersigned hereunto duly authorized.

                                      DEVRY INC.

Date: April 19, 2007                  By: /s/ Richard M. Gunst
                                          Richard M. Gunst
                                          Senior Vice President, Chief Financial
                                          Officer and Treasurer

                                  EXHIBIT INDEX

Exhibit Number          Description
--------------          --------------------------------------------------------
99.1                    Press Release dated April 19, 2007