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.
Donald Trump settled a class-action suit last week by Trump University customers, but several other pending cases could distract him after he takes office, analysts say.
Eric Schneiderman called the settlement "a stunning reversal by Donald Trump and a major victory for the over 6,000 victims of his fraudulent university."
Donald Trump's attendance at the grand opening of his hotel in Washington, D.C., is just the latest example of the GOP nominee bringing media attention to his businesses.
Donald Trump is meeting with Republican Congressional leaders in Washington on Thursday. Here's a look at a few of the reasons why he is coming back.
At a campaign event, Donald Trump said Bob Guillo gave his Trump University program the highest rating possible. Guillo says he paid $35,000 only to be taught to use Trulia and other common websites.
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.
They say no cash is no reason to let potential students off the hook: "they will find the money." The documents, part of a lawsuit alleging fraud, recommend treating reporters with courtesy.