Harold Shapiro, DeVry's chairman and a former president of
Princeton University, says most DeVry students will make very good doctors,
even if they are taking on more risk. Under his leadership, DeVry acquired AUC
in 2011 for $235 million. Shapiro says DeVry was attracted partly by the
school’s eligibility for federal loans. "Access to federal student loans
is very important for a lot of DeVry programs, including that one,” he says. An
economist by training, the 78-year-old Shapiro plans to retire from DeVry in
November after 12 years on the board and five years as chairman.
Click here to read more in the October 2013 issue of Bloomberg Markets.