Sanders Presidency a Path to Financial Ruin

A tiny Vermont college announced Monday that it would close its doors by the end of the month, thanks to the "the crushing weight of debt" accrued during Jane Sanders's time as president.

Burlington College will shut down May 27 after being on probation with its accrediting agency for nearly two years. The school has been stuck in financial turmoil from a 2010 land acquisition arranged under Sanders, the wife of presidential candidate Bernie Sanders.

The Burlington Free Press reported:

Founded in 1972 as an informal gathering of students, Burlington College grew into a small, regionally accredited liberal arts college. But financial strain created by an ambitious but ill-fated expansion onto a new campus on prime waterfront land led to its demise, officials said.

[Dean] Holm said the college broke the news to faculty, staff and students on Monday. She said the college's Board of Trustees on Friday unanimously decided to close the school, but the college's commencement ceremony Saturday was absent any discussion of the school's fate.