Recently DeVry Inc. (DV - Analyst Report), one of the largest providers of higher-education in North America, acquired Faculdade do Vale do Ipojuca (“FAVIP”). FAVIP, which is based in Fortaleza, Ceará, Brazil will form a part of DeVry Brasil.
Universities in Brazil have long been for the privileged few. Only 11% of the population of working age has a degree – and such scarcity has brought rich rewards. Graduates earn, on average, 2.5 times more than those without degrees, and five times as much as the majority who never finish secondary school, reports The Economist.
DeVry Inc.'s CEO Daniel Hamburger said Thursday that he sees better times ahead for the for-profit education company given a recent acquisition, cost-cutting measures and improving enrollment trends at some of its schools.
Anhanguera Educacional Participacoes SA (AEDU3), Brazil’s largest for-profit university, and its two biggest Brazilian competitors are beating global peers after student loans tripled when the government reduced interest rates and made repayment easier.