Timothy E. Foster
Chairman and
Chief Executive Officer

Dear Associate:
Last November Ross University announced that we would be seeking new ownership; ownership with a long-term commitment to post-secondary education, the capital needed to support and enhance our growth, complimentary core competencies, and, most importantly, values that are consistent with our own. We stated that we would identify prospective owners that did not currently participate in academic medicine, but possessed the requisite relationships to further our transition into the mainstream of U.S. medical education.

Today, DeVry Inc., one of the world’s largest publicly held higher education companies, announced its commitment to acquire Ross University. We are delighted with this outcome. Known best for their baccalaureate programs in business and technology, DeVry University serves 44,000 undergraduate students. DeVry’s Keller Graduate School of Management provides practitioner-oriented graduate education nationwide to over 8,500 students enrolled in seven different master’s degree programs.

At DeVry’s Becker Conviser Professional Review students who have taken its exam preparation courses pass the Certified Public Accountants exam at twice the rate of non-Becker Conviser students and each year comprise over 40% of all new CPAs worldwide. DeVry brings excellent core competencies in marketing and on-line learning to supplement our growth prospects. Their balance sheet is among the best in proprietary education, and their leadership has overwhelmingly demonstrated that they can deliver strong linkages to U.S. academic medicine. Finally, their Values which include Continuous Improvement, Individual Worth,
Superior Customer Service, and High Standards of Performance, closely parallel our own.

In summary, DeVry meets every expectation we defined last fall.
So, what changes will take place as a result of DeVry’s ownership? In fact, there will be very few. Ross will be established as a separate division within DeVry, alongside the DeVry University and Becker Conviser Professional Review divisions. Ross will have the same Mission, leadership and academic programs as we have today. Our faculty, curriculum, campuses, clinical locations and administrative organizations will not be altered with the change of ownership. However, Our Values and the Values of DeVry both demand continuous pursuit of excellence. As in the
past, that pursuit will ensure that change remains a constant at Ross.

Dennis Keller, Chairman and Co-Chief Executive Officer of DeVry, Inc.; Neil *****, President and General Counsel of Ross University and I will be visiting Dominica, St Kitts and Edison, New Jersey during the week of
March 31st to explain why we are so excited about this combination. We will be happy to respond to any questions you have at that time.

Before DeVry’s acquisition of Ross can be finalized, we must complete the necessary regulatory processes. We expect final closing to take place later this spring.

On a personal note, I would like to thank everyone who has supported this effort to-date. This is truly another epic event in the history of the University, one that should give us all a great deal of pride.

Tim Foster

__________________
MitchDC/MD
RUSM 2006 Graduate

DeVry Inc. (NYSE: DV) is one of the largest publicly held higher-education companies in North America. Based in Oakbrook Terrace, Illinois, DeVry Inc. owns and operates DeVry University and Becker Conviser Professional Review.

DeVry University
DeVry University provides rigorous, career-oriented undergraduate and graduate degree programs in technology, business and management. Students access these programs through a North American system of 26 undergraduate campuses and 37 adult learning centers including DeVry University Online, all of which meet the needs of a diverse andgeographically dispersed student population of more than 52,000.

DeVry University's undergraduate programs have offered generations of students the opportunity to embark on careers in technological fields. DeVry provides degree programs in business administration, computer engineering technology, computer information systems, electronics and computer technology, electronics engineering technology, information technology, technical management and telecommunications management.

Over the years, DeVry has developed an outstanding record of assisting its undergraduate students in launching their careers. For the 10-year period ending February 2001, more than 93 percent of DeVry graduates who actively pursued employment or who were already employed when they graduated, held positions in their chosen fields within six months of graduation.

DeVry University's Keller Graduate School of Management (KGSM) is one of the largest part-time graduate schools in the U.S. Approximately 8,000 of the university's 52,000 students are enrolled annually in the school's practitioner-oriented business and management master's degree programs. Graduate students benefit from KGSM's emphasis on excellence in teaching and service to working adults, and its programs are offered at 54 of DeVry University's U.S. locations, including DeVry University Online. KGSM offers master's degree programs in business administration, accounting and financial management, human resource management, information systems management, public administration, project management and telecommunications management. The programs are taught by faculty who are recruited from the business community and who teach students practical business methods.

DeVry University is accredited by The Higher Learning Commission of the North Central Association.

Becker Conviser Professional Review
Becker Conviser Professional Review is the leading international provider of preparatory coursework for professional certification exams, including the certified public accountant (CPA), certified management accountant (CMA) and chartered financial analyst (CFA) examinations, serving 40,000 students at 250 locations around the world.

In its 45-year history, Becker Conviser has developed a strong track record of student success. Historically, its graduates' pass rate on the CPA examination is about double that of non-Becker Conviser students. This is accomplished by providing superior training programs and materials in formats responsive to students' learning and service needs.

(from the Devry, Inc Website - www.devry.edu)

__________________
MitchDC/MD
RUSM 2006 Graduate

How is this going to affect admissions for the May and Sept. sessions? Are they unchanged, or will the new management want to reduce numbers, etc.?

I have my interview on Monday, so all this news just adds to the nervousness! I really want to get in for May...

There should be no change in these areas. As stated in the release, the final sale will not be finalized until mid-spring. Even then things should not change.

MitchDC

__________________
MitchDC/MD
RUSM 2006 Graduate