'I'm happy with the seven figure settlement': Farrah Abraham revels in $1.5 million sex tape payoff as she reveals she plans to finish her Master's degree

It seems Farrah Abraham's price has climbed even higher.

Although previous reports alleged the Teen Mom star had sold the rights to her 'private' sex tape for around $1 million, the 21-year-old revealed to RadarOnline.com on Tuesday that she sealed the deal for an even higher sum of $1.5 million.

Farrah inked the deal with Vivid Entertainment after reportedly seeking $2 million for her performance with porn king James Deen.

Satisfaction: Despite earlier reports alleging she earned only $1 million from the sale of her explicit sex tape with porn star James Deen, Farrah Abraham revealed on Tuesday that she instead pocketed a cool $1.5 million

She said of finalising her contract: 'I am happy with the seven figure settlement I have reached, with who I feel to be the best adult entertainment company in the industry, Vivid.

'This is a risk for me to take, however I feel comfortable having given the rights to Vivid, a company I know can handle the media and press surrounding my sexuality.'

The mother of four-year-old Sophia continued: 'I am very pleased with the outcome and to have this opportunity to be an entrepreneur in another unexpected light in my life.

'I look forward to my future goals of completing my Masters degree, focusing on being a great mother for my daughter as well as many other culinary business endeavors in my future.'

Slight downgrade: The reality star agreed upon the sum after asking for $2 million from Vivid Entertainment

The 70-minute production will be called Farrah Superstar: Backdoor Teen Mom.

The fame-seeking reality star was spotted heading into Vivid's head office with her daughter Sophia and her father last week, fueling speculation that she was about to sign a lucrative deal.

Following the meeting, TMZ spoke to Vivid's Steve Hirsch, who said he was 'surprised' she brought her daughter to the negotiations and described the footage as 'amazing' and 'very explicit'.

Farrah, who denied that the tape even existed when the news first broke, has tried to pursue a singing career and recently released her own memoirs, My Teenage Dream Ended.