- Trump University was accused of conning students, including many seniors, into paying as much as $35,000 for seminars
- Trump paid $25 million to settle claims Trump University cheated more than 6,000 students
- Trump University was not a licensed university
What was posted: Federal student aid is intended to expand educational opportunities, not line the pockets of fraudsters who steal from students pursuing their education and hardworking taxpayers. The Trump Administration will not tolerate criminals who exploit government programs for personal gain. Treasury is working with financial institutions and law enforcement to identify these fraud schemes, recover stolen funds, and hold those responsible accountable.
Unfolded: Federal student aid is intended to expand educational opportunities, not line the wallets of anyone but Trump University, nor the pockets of fraudsters who steal from seniors at $35,000 a pop, a Trump trademark, or students pursuing their education and hardworking taxpayers. The Trump University paid its marks $25M, and the Trump Administration will not tolerate criminals who skip the family's cut, or those who exploit government programs for personal gain. Treasury is working with financial institutions and law enforcement to identify these fraud schemes, except the ones with gold lettering on the door, recover stolen funds, and hold those responsible accountable.