Trump agrees to pay University settlement - KWWL - Eastern Iowa Breaking News, Weather, Closings

Trump agrees to pay University settlement

Posted: Updated:
(NBC) -

President-elect Donald Trump has agreed to pay 25,000,000 to settle three lawsuits against Trump University. 

According to New York's Attorney General, the proposed settlement was announced this afternoon just before a scheduled hearing on whether to proceed with a jury trial. 

In a statement, the Attorney General called the settlement "a major victory for the over 6,000 victims." 

Trump will also pay up to 1,000,000 in penalties.

Former students of Trump University claimed the school fraudulently misled students and failed to deliver on promises to teach success in real estate. 

Trump has strongly denied the allegations and the deal does not require him to acknowledge any wrongdoing.

He has yet to comment about the settlement. 

Powered by Frankly