Trump's settlement over Trump University scam

Everyone has surely heard of the Trump University scam. Trump essentially fleeced out tens of thousands of people promising them an education, and in return, they got, well, nothing. Trump was ordered to pony up a $25 million to disgruntled "students"- which is between 80 and 90% of what they originally paid for an education. Did Trump not understand that if these kids wanted to go to college and learn absolutely nothing they would just go to University of Arizona? 

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