DeVry clarifies deal with Sallie Mae

OAKBROOK TERRACE -- DeVry Inc., a global provider of educational services, clarified its status with Sallie Mae as a private loan provider and the impact of lending developments on its students. Sallie Mae has informed DeVry that it will discontinue its Discount Loan Program that typically served higher credit risk students. DeVry said Sallie Mae's decision applies to all colleges and universities. This program comprised approximately $2 million in loan volume at DeVry in the first half of the fiscal year -- less than 1 percent of revenue.