Donald Trump is turning his campaign loan into a huge contribution

Donald Trump.
(Image credit: John Gurzinski/AFP/Getty Images)

Donald Trump's campaign said Thursday the presumptive Republican nominee will not be paying himself back the tens of millions of dollars he loaned his campaign through May.

"Mr. Trump has fully extinguished this loan per his commitment," his campaign said in a statement. "Therefore, he has personally invested in excess of $50 million in the future of our country." His latest filing with the Federal Election Commission shows that through the end of May, Trump loaned his campaign $45.7 million. He started off June trailing Hillary Clinton by a huge margin, with just $1.3 million on hand compared to Clinton's $42.5 million war chest.

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Catherine Garcia, The Week US

Catherine Garcia is night editor for TheWeek.com. Her writing and reporting has appeared in Entertainment Weekly and EW.com, The New York Times, The Book of Jezebel, and other publications. A Southern California native, Catherine is a graduate of the University of Redlands and the Columbia University Graduate School of Journalism.