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The New York State Attorney General’s office is investigating Donald Trump’s “Trump University.” Trump’s online business school charges up to $35,000 for “students” to “learn from the master.” I guess the attorney general doesn’t buy the hype.
The for-profit school is under investigation for possible deceptive business practices, according to Associated Press. The New York Daily News revealed growing problems with Trump University last year when more than 150 students in 22 states reported that they had been cheated out of tens of thousands of dollars for useless courses.
Attorney General Eric Schneiderman subpoenaed the school as part of a far-reaching investigation into the for-profit college industry in New York. A spokesman for the attorney general has not commented on the investigation.
A Trump executive, however, has confirmed the probe. “We look forward to cooperating with the inquiry and providing the information requested,” the Trump spokesperson stated.
Trump University is a non-accredited college. Trump University claims that 95 percent of its students evaluated the Trump courses as “excellent.” However, the Better Business Bureau reports that Trump University has a number of complaints and has a D minus rating. There has been criticism documented about the university from retirees, veterans, seniors, and laid-off workers, all who shelled out an exorbitant amount of money to enroll. Students claim that they were pressured by university officials to max out credit cards or take money out of retirement funds in order to enroll in courses they found “useless.” These students were then denied any refunds.
As part of the New York State probe, state investigators are examining Career Education Corp, Lincoln Educational Services, Corinthian Colleges, and Bridgepoint Education to see if they engaged in fraud, misrepresentation and deceptive business practices.
Trump announced last Monday he would not pursue a presidential bid. He also said that he would be canceling his appearance at the Iowa GOP’s annual Lincoln Dinner on June 10, which is considered one of the party’s biggest annual fundraisers.