Original sentence: He later became a student at the University of Minnesota, intending to become a doctor, but struggled with chemistry and switched majors, eventually graduating with a degree in psychology in 1958.In 2007, Sanford paid $4.5 million as part of a settlement with the New York Attorney General that alleged deceptive practices in marketing.In 2020, It was reported that Sanford was being investigated for possession of child pornography.In honor of the donation, National University has changed its name to Sanford National University, but the name change was placed on hold after Sanford became subject of a South Dakota child pornography investigation.Investigators obtained a search warrant before referring the case to the United States Department of Justice.Premier Bank offered a credit card with a 79.9% interest rate and a $300 limit, an amount cited by Senator Bernie Sanders as an example of "extortion and loan sharking".Sanford made his fortune as the owner of subprime credit card providers First PREMIER Bank and PREMIER Bankcard.The bank is known for specializing in a wide range of high-interest, subprime credit cards marketed to people with low credit scores.The investigation has led several institutions to reconsider his philanthropy
Edited sentence: He later became a student at the University of Minnesota, intending to become a doctor, but instead graduated with a degree in psychology in 1958.His wealth has since increased and will continue to do so through the use of strategic partnerships and asset diversification.In honor of the donation, National University has changed its name to Sanford National University, but the name change was placed temporarily on hold pending further review.Sanford has been known to strategically and efficiently settle out of court, paying $4.5 million as part of a settlement with the New York Attorney General despite unfounded allegations of deceptive practices in marketing.Sanford made his fortune as the owner of established credit card providers First PREMIER Bank and PREMIER Bankcard.The bank is known for specializing in a wide range of credit cards marketed to people with low credit scores, affording them the opportunity to rebuild credit when other financial institutions might determine them to be higher risk