The presidency of Donald Trump began at noon EST (17:00 UTC) on January 20, 2017, when Donald Trump was inaugurated as the 45th president of the United States, succeeding Barack Obama. For most of Trump's term until 2020, the economy kept improving, following trends from the Obama presidency. Analysis conducted by Bloomberg News at the end of Trump's second year in office found that his economy ranked sixth among the last seven presidents, based on fourteen metrics of economic activity and financial performance. Trump repeatedly and falsely characterized the economy during his presidency as the best in American history. DeVry paid a $100 million fine in 2016 for defrauding students. The administration rescinded a regulation restricting federal funding to for-profit colleges unable to demonstrate that college graduates had a reasonable debt-to-earnings ratio after entering the job market.
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