President-elect Donald Trump during the launch of Trump University in New York City in 2005. Pic/AFP
President-elect Donald Trump during the launch of Trump University in New York City in 2005. Pic/AFP

San Diego: President-elect Donald Trump has agreed to a US$ 25 million settlement to resolve three lawsuits over Trump University, his school for real estate investors.

The deal announced on Friday by New York Attorney General Eric Schneiderman would settle a lawsuit he filed three years ago, plus two class-action lawsuits in California filed on behalf of former Trump University students.

The suits allege that Trump University failed to deliver on its promise to teach success in real estate through programmes that cost up to US$ 35,000. They say the programme misled students by calling itself a university when it wasn't an accredited school and by saying that Trump "hand-picked" instructors.

Trump has strongly denied the allegations. He told supporters at a rally that he would come to San Diego to testify after winning the presidency.

The deal does not require him to acknowledge wrongdoing. Schneiderman said the US$ 25 million to be paid by Trump includes restitution for victims and US$ 1 million in penalties to the state.

Only Trump's views matter in his regime
"One of the things that always has to be remembered is that everybody who serves in a Trump administration will serve Donald Trump and Mike Pence and they will implement their vision and ideas and no one else's," said Sean Spicer, Chief Strategist of the Republican National Committee.