Devry Education Group Inc. (DV): International Value Advisers Lowers Stake

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SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, D.C. 20549

SCHEDULE 13D

INFORMATION TO BE INCLUDED IN STATEMENTS FILED PURSUANT

TO § 240.13d -1(a) AND AMENDMENTS THERETO FILED PURSUANT TO § 240.13d
-2(a)
(Amendment No. 2)*

DeVry Education Group
Inc.
(Name of Issuer)

Common Stock, par value $0.01
(Title of
Class of Securities)

251893103
(CUSIP Number)

Shanda Scibilia
International Value Advisers, LLC

717 Fifth Avenue, 10th Floor
New York, NY 10022

(212) 584-3570
(Name, Address and Telephone Number
of Person Authorized to Receive Notices and Communications)

August 22, 2016
(Date of Event Which
Requires Filing of This Statement)

     If the filing person has
previously filed a statement on Schedule 13G to report the acquisition that is
the subject of this Schedule 13D, and is filing this schedule because of Rule
13d-1(e), Rule 13d-1(f) or Rule 13d-1(g), check the following box
[   ]

Note. Schedules filed in paper format shall include a
signed original and five copies of the schedule, including all exhibits. See
§ 240.13d -7 for other parties to whom copies are to be sent.

*	The remainder of this cover page shall be filled out for a reporting persons initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter disclosures provided in a prior cover page.

     The information required on the
remainder of this cover page shall not be deemed to be filed for the purpose
of Section 18 of the Securities Exchange Act of 1934 (Act) or otherwise
subject to the liabilities of that section of the Act but shall be subject to
all other provisions of the Act (however, see the Notes.)

CUSIP No. 251893103

CUSIP No. 251893103

CUSIP No. 251893103

EXPLANATORY NOTE

This Amendment No. 2 to Schedule 13D (the Amendment) is being
filed with respect to the Reporting Persons beneficial ownership in DeVry
Education Group Inc. (DeVry or the Issuer). This amendment supplements the
Schedule D as previously filed on June 22, 2016 (as amended, the Schedule
13D). Each Item below amends and supplements the information disclosed under
the corresponding Item of the Schedule 13D. Unless otherwise indicated herein,
capitalized terms used but not defined in this Amendment shall have the same
meaning herein as are ascribed to such terms in Schedule 13D.

Item 5. Interest in Securities of the Issuer

Item 5 a. and b. is hereby amended and restated as follows:

The aggregate percentage of Share reportedly owned by each
person named herein is based upon 62,354,000 Shares outstanding, as of August
18, 2016 and reported in the Issuers Form 10-K filed on August 25, 2016.

1.	IVA
	a)	As of August 25, 2016, 11,005,695 Shares in aggregate were deemed to be beneficially owned by IVA, as the investment manager to i) WORLD which owns 6,719,991 Shares constituting 10.8% of the Issuers outstanding Shares, ii) IVAGMF which owns 463,019 Shares constituting 0.7 % of the Issuers outstanding Shares, iii) SICAV which owns 784,233 Shares constituting 1.3% of the Issuers outstanding Shares, and iv) the Managed Accounts which own 3,038,452 Shares constituting 4.9% of the Issuers outstanding Shares.
		Percentage: 17.7%
	b)	Sole power to vote or direct the vote: 0 Shared power to vote or direct the vote: 10,259,863 Sole power to dispose or direct the disposition: 0 Shared power to dispose or direct the disposition: 11,005,695
2.	Charles de Vaulx
	a)	Mr. De Vaulx, as the CIO and managing member of IVA, may be deemed the beneficial owner of 11,005,695 Shares owned by the Funds and the Managed Accounts.
		Percentage: 17.7%
	b)	Sole power to vote or direct the vote: 0 Shared power to vote or direct the vote: 10,259,863 Sole power to dispose or direct the disposition: 0 Shared power to dispose or direct the disposition: 11,005,695
3.	Chuck de Lardemelle
	a)	Mr. de Lardemelle, as a PM and managing member of IVA, may be deemed the beneficial owner of 11,005,695 Shares owned by the Funds and the Managed Accounts.
		Percentage: 17.7%
	b)	Sole power to vote or direct the vote: 0 Shared power to vote or direct the vote: 0 Sole power to dispose or direct the disposition: 0 Shared power to dispose or direct the disposition: 11,005,695

As of August 25, 2016, the Reporting Persons collectively
beneficially owned an aggregate of 11,005,695 Shares, constituting 17.7% of the
Issuers outstanding Shares.

Each Reporting Person, as a member of a group with the other
Reporting Persons, may be deemed beneficial owner of the Shares directly owned
by the other Reporting Persons. Each Reporting Person disclaims beneficial
ownership of such Shares except to the extent of his or its pecuniary interest
therein.

Item 7. Material to be Filed as Exhibits

Exhibit A

Transactions in Shares that were effected by IVA during the past sixty days.

SIGNATURE

     After reasonable inquiry and to
the best of his knowledge and belief, each of the undersigned certifies that the
information set forth in this statement is true, complete and correct.

Dated: August 26, 2016

	International Value Advisers, LLC
	By:	/s/ Michael W. Malafronte
	Name:	Michael W. Malafronte
	Title:	Managing Partner
	Charles de Vaulx
	/s/ Charles de Vaulx
	Charles de Lardemelle
	/s/ Charles de Lardemelle

EXHIBIT INDEX

Exhibit A	Transactions in Shares that were effected by IVA during the past sixty days
Exhibit B	Joint Filing Agreement*
Exhibit C	Support Agreement, dated June 29, 2016 by and among DeVry Education Group, Inc.,  International Value Advisers, LLC (IVA), and Michael Malafronte*

*Previously Filed

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