DeVry University said Monday it is freezing tuition rates for the school year starting in July, citing continuing economic weakness.
The Downers Grove-based for-profit university said,"Given the continued economic challenges facing our country, we believe taking this step toward curbing the national trend of rising tuition costs is a prudent decision," in a statement.
DeVry has faced declining enrollment and has had to cut jobs and reduce costs in other ways to account for the shortfall over the last year. Undergraduate enrollment in fiscal 2012 fell nearly 12 percent.
Last week, parent company DeVry Inc. reported third-quarter earnings and revenue that declined from a year earlier.
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