Attorney general sues Donald Trump over Trump University totally not being a university
College. It’s a risky bet these days. The rising cost of university tuition and staggering student debt led President Obama last Thursday to propose new guidelines for rating universities based on success of students’ future careers. As it stands now, a standard liberal arts education doesn’t offer much leverage in landing an entry level job that will keep your head above poverty level.
Many may consider business school, such as say, Trump University, where students will learn “everything they need to know about real estate” and, for a mere $35,000 less than the price of annual tuition at a regular old liberal arts college that will probably land you straight in the poor house, students get personal one-on-one meetings with Trump, who promises to mentor them all the way until their first extremely lucrative deal that will have them on their way to being an entrepreneur mogul. And in just three days!
New York’s Attorney General Eric Schneiderman filed a $40 million lawsuit against Trump Saturday for defrauding students of Trump University. For starters, the State Education Department started complaining a while ago that Trump University was not an accredited university and was engaging in false advertising.
The newly-renamed Trump Entrepreneur’s Institute has still been ripping off students for anywhere from $1,495 and $35,000 for the three-day seminars that have an even worse track record at yielding gainful employment than the traditional four-year liberal arts education. And these days, that’s saying something.
Fully 5,000 students who paid $35,000 for the extra “Trump Elite” mentorship program were promised one-on-one guidance from The Donald and instead just got to take a picture next to a life-sized cardboard cutout of Trump. That’s $175 million dollars earned off of one cardboard cutout and a digital camera.
From USA Today:
Schneiderman said participants were urged to extend the limit on their credit cards for real estate deals, but then used the credit to pay for the Trump Elite programs. The attorney general said the program also failed to promptly cancel memberships as promised.
Just brutal. Trump’s response? Rich with irony: He’s calling the $40 million suit “extortion.” Trump’s attorney Michael Cohen told the AP saturday, “Donald Trump will not sit back and be extorted by anyone, including the attorney general.”
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