Trump Campaign Says Candidate Will Forgive Millions in Loans

Trump has lent himself at least $47.5 million since the primary began.

Trump has largely self-funded his presidential bid, to the tune of $45.7 million as of the most recent filings. That money was given to the campaign as zero-interest loans, and the prospect has loomed that Trump could be repaid by the campaign, with money raised elsewhere.

That won't happen, his campaign said today.

"Mr. Trump has fully extinguished (terminated) this loan per his commitment. Therefore, he has personally invested in excess of $50 million dollars in the future of our country," his campaign announced in a statement emailed to reporters.

Financial disclosures covering this month haven't yet been released, but Trump's campaign hinted indirectly in its statement that the candidate has invested more money since Jun 1.

Trump will have to file a signed statement to the FEC to officially forgive the loans.

After that successful effort, Trump backtracked on his promises to self-fund and said that as a general-election candidate he would seek donations to fund his campaign.