Article courtesy of Heat Street, written by Jillian Kay Melchior.
Burlington College announced today that it will close on May 27 after it found itself unable to recover from “the crushing weight of the debt” incurred under Jane O’Meara Sanders, the college’s former president and wife of Bernie Sanders.
At the end of 2010, Ms. Sanders took out $10 million in loans on behalf of Burlington College to purchase a 32-acre swathe of land from the Roman Catholic diocese.
Less than a year after leading Burlington College into massive debt, Ms. Sanders resigned, taking with her a $200,000 severance package.
Featured Image: Democratic presidential candidate and U.S. Sen. Bernie Sanders (D-VT) and wife Jane Sanders arrive for a news conference at the National Press Club, May 1, 2016, in Washington, DC. (Photo by Drew Angerer/Getty Images)