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The deal was reached in November but needed the approval of U.S. District Judge Gonzalo Curiel. One student had objected to the settlement, which prevented her from suing Trump on her own.
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Trump had to drop "university" from his enterprise's name, but it used similar tactics to institutions in the for-profit college industry, where students incur high cost and debt with low results.
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Internal documents show how Trump University offered advice on how to exploit the "Great Recession" that peaked in 2008 and caused housing prices to plummet.