Comedian Will Ferrell mocked Trump University during his commencement speech at the University of Southern California on Friday, joking that he was still waiting for money from the defunct school.

Ferrell said in his speech that USC wasn’t his first commencement speech, joking that he had previously given speeches at a trucking school, a deejay academy and Trump University.

“I’m still waiting to get paid from Trump University,” Ferrell said. “In fact, it turns out I owe Trump University money for the honor to speak at Trump University.”

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The for-profit education company was founded by President TrumpDonald John TrumpTrump administration eyes proposal to block jet engine sales to China: report Trump takes track to open Daytona 500 Brazile 'extremely dismayed' by Bloomberg record MORE and his associates in 2004 and was operated by The Trump Organizations before shuttering.

It was not an accredited university or college and was the subject of two class action lawsuits, which alleged that Trump University defrauded its students.

During the 2016 presidential campaign, Trump repeatedly vowed to not settle the lawsuits brought against him over Trump University, but it was announced in November that he would pay $20 million in settlements for the litigation.

"I settled the Trump University lawsuit for a small fraction of the potential award because as President I have to focus on our country," he wrote on Twitter at the time.