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.
Subscribe to The Week
Escape your echo chamber. Get the facts behind the news, plus analysis from multiple perspectives.
Sign up for The Week's Free Newsletters
From our morning news briefing to a weekly Good News Newsletter, get the best of The Week delivered directly to your inbox.
From our morning news briefing to a weekly Good News Newsletter, get the best of The Week delivered directly to your inbox.
-
Today's political cartoons - December 21, 2024Cartoons Saturday's cartoons - losing it, pedal to the metal, and more
-
Three fun, festive activities to make the magic happen this Christmas DayInspire your children to help set the table, stage a pantomime and write thank-you letters this Christmas!
-
The best books of 2024 to give this ChristmasThe Week Recommends From Percival Everett to Rachel Clarke these are the critics' favourite books from 2024
-
Putin says Russia isn't weakened by Syria setbackSpeed Read Russia had been one of the key backers of Syria's ousted Assad regime
-
Georgia DA Fani Willis removed from Trump caseSpeed Read Willis had been prosecuting the election interference case against the president-elect
-
Democrats blame 'President Musk' for looming shutdownSpeed Read The House of Representatives rejected a spending package that would've funding the government into 2025
-
Trump, Musk sink spending bill, teeing up shutdownSpeed Read House Republicans abandoned the bill at the behest of the two men
-
Congress reaches spending deal to avert shutdownSpeed Read The bill would fund the government through March 14, 2025
-
Luigi Mangione charged with murder, terrorismSpeed Read Magnione is accused of murdering UnitedHealthcare CEO Brian Thompson
-
Ex-FBI informant pleads guilty to lying about BidensSpeed Read Alexander Smirnov claimed that President Joe Biden and his son Hunter were involved in a bribery scheme with Ukrainian energy company Burisma
-
South Korea impeaches president, eyes chargesSpeed Read Yoon Suk Yeol faces investigations on potential insurrection and abuse of power charges
