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Tags Posts tagged with "Student Debt"

Student Debt

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Sanders Trial
Will Bernie have to take the stand to defend his wife? What will he say?

The investigation into Jane Sanders’ deal for loan during her time at the Burlington College has reached new heights, as matters are set to be taken up before a grand jury. Sources have reported that up to a dozen boxes of records from Sanders time at the college have been taken into consideration. Moreover, a state official has also been called to testify in front of the grand jury; in order to identify as to whether Sanders had falsified a loan for the school, as it was going bankrupt and eventually shut down in May of 2016.

“A Vermont-based blog, VTDigger, reported last year that Jane Sanders inflated how much the small Vermont College had secured in donations, noting two instances in which a person said the amount of their financial pledge had been exaggerated on the school’s loan application,” highlights The Hill.

In the light of the case, it was noted that in her efforts to relocate the college to a new campus and to keep it up and running, Mrs. Sanders had mentioned at the time of taking out the loan that the college shall be receiving up to a million dollars in donation, which shall be put towards paying off the loans. However, lenders and trustees later discovered that the a good many of the donors had neither agreed on the set time for the donation and nor the amount of the donation, as listed on the documents presented by Mrs. Sanders at the time of taking out the loan.

At the time of obtaining the loan, Sanders presented records that “confirmed” $2.6 million in donation. And that the board based their decision on these records, “The board made the decision based on the information Jane provided,” said Adam Dantzscher, chairman of the board at time.

Charly Dickerson, a member of the board expressed that, “My gut was, this is biting off more than you can chew.” He added, “Their balance sheet was not all that strong.”

Bernie Sanders dismissed these allegations against his wife and continued to blame this as one of the Republican Party’s efforts to take him down.

“Right in the middle of my presidential campaign, I know this will shock the viewers, the vice chairman of the Vermont Republican Party, who happened to be Donald Trump’s campaign manager, raised this issue and initiated this investigation,” Bernie Sanders told CNN.

Moreover, it has been noted that the couple has hired a D.C. based law firm to handler this case.

A spokesperson for the couple stated, “While the Obama administration was in office, I don’t think anyone thought that these baseless allegations warranted hiring a lawyer.” And that, with Trump and [Attorney General] Jeff Sessions at the helm, that’s a very different situation,” he added.

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Learning To Weld
We will make American manufacturing great again, one technical school at a time!

This Saturday, on Fox’s “Justice with Judge Jeanine,” the White House counselor Kellyanne Conway stressed upon the importance of workforce development to be made available at technical colleges. “Not everyone is college material,” Conway said to the show’s host Jeanine Pirro.

“Not everyone has to graduate from a four year college with a mountain of debt and very few prospects,” she said.

Conway, made use of her presence at the show to talk about the trip that President Trump and his daughter Ivanka Trump will be taking for ‘Workforce Development Week,’ in Wisconsin.

“They’ll be going there to talk at a technical college and really see what’s going on there and get some best practices as Ivanka’s been doing for these roundtables and these listening sessions,” Conway said.

Conway talked about president visiting a technical college, whilst being accompanied by Gov. Scott Walker (R) and Secretary of Labor Alex Acosta.

“This involvement in workforce development means that if people want a vocational educational — technical educational — skills certificate they should have access to that,” Conway said.

“People are saying, ‘Look, if you are in a skills-certificate program, you can graduate and be employable — welders, carpenters, plumbers, hair dressers.’ We need to value that. We need to value that in our country and Ivanka Trump and her father will be out there doing that,” she added.

Pirro was noted replying, “I think that was one of the reasons the president was elected.”

Conway made perfect use of the platform to indicate that this approach – to promote technical schools – is rather different from anything that any of the previous governments had taken under account. She further talked about the importance of skilled-certificate programs that can help the people in the United Stated to be “employable.”

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