Trump University founder Donald Trump railed in a post on his Truth Social platform Thursday about college administrators who “fleeced” students — part of his attack on President Joe Biden’s student loan forgiveness program.
Trump failed to mention that he paid $25 million in 2016 to settle three fraud lawsuits filed on behalf of customers who paid as much as $35,000 each to attend his own Trump University, which was never accredited as a university and didn’t provide any legitimate college degree.
Eric Schneiderman, New York’s attorney general at the time, said in a statement then concerning one of the suits, “My office sued Donald Trump for swindling thousands of innocent Americans out of millions of dollars through a scheme known at Trump University.” Another attorney said the settlement covered just 55% of the damages suffered by the students. The suits alleged that Trump University’s real estate seminar program used false advertising and deceptive business practices.
Biden announced Wednesday that the U.S. Department of Education would cancel $10,000 to $20,000 in student loan debt for millions of people.
Trump claimed in his social media post that the student loan forgiveness program is somehow bailing out “college Administrators who fleeced students, and those who opted for degrees there was no way they could afford.”
(Photo: Screenshot from Donald Trump’s Truth Social…
