Business is booming in Brazil for DeVry Education Group, an Illinois-based, publicly traded for-profit education company.
DeVry reports that it enrolls more than 58,000 degree-seeking students in Brazil, plus another 53,000 students in test preparatory programs there. According to the company’s latest earnings report, released in April, revenue for DeVry’s Brazil division grew by 38.8 percent over the previous year, while it declined by 15.7 percent for the flagship DeVry University campuses located across the U.S. The company isshutting down 14 of its U.S. campuses.
As U.S.-based for-profit education companies continue to face stricter regulations and slumping enrollments and revenues at home, some are venturing abroad in the name of diversification, with Brazil being a main destination.
Read more at Inside Higher Ed: https://www.insidehighered.com/news/2015/06/16/business-booming-american-profits-brazil-good