Burlington College will close due to crushing debt incurred by Bernie Sanders' wife, Jane Sanders

(Image credit: Alex Wong/Getty Images)

Burlington College will close on May 27 due to "the crushing weight of the debt" that the school incurred while Bernie Sanders' wife, Jane Sanders, was running the institution, The Burlington Free Press reports.

Jane Sanders ran the school between 2004 and 2011; in 2010 she took out $10 million in loans to purchase a 32-acre swath of land in order to establish a new campus on Lake Champlain. As Heat Street reports, Sanders was not able to reach her fundraising goals or commitments, and less than a year later the school was under crushing debt. Sanders left the college the next year.

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Jeva Lange was the executive editor at TheWeek.com. She formerly served as The Week's deputy editor and culture critic. She is also a contributor to Screen Slate, and her writing has appeared in The New York Daily News, The Awl, Vice, and Gothamist, among other publications. Jeva lives in New York City. Follow her on Twitter.