Burlington College Closes Because Of ‘Crushing Weight Of Debt’ From Bernie Sanders’ Wife

On Monday, Burlington College in Vermont announced it would close May 27 because of “the crushing weight of the debt” Bernie Sanders’ wife, Jane O’Meara Sanders, who served as the president of Burlington College, incurred when she took out $10 million in loans on behalf of the college which it couldn’t repay. Don’t worry about Jane Sanders, though, she received a $200,000 severance package merely one year after she paved the path for the college’s ruin.

Ms. Sanders took out the loans in 2010 to buy 32 acres of land from the Roman Catholic diocese, which sold the land for funds to pay off a $17 million sexual-abuse settlement. But as Heat Street has reported, the fundraising pledges and commitments Ms. Sanders offered in the loan agreements never came to pass. As Heat Street stated, “By 2014, because of its shaky finances and running deficits, Burlington College found itself placed on probation for two years by the regional accreditation agency”