School Credit Crunch

The current economic meltdown is proving to be an equal opportunity belt-tightener. While the downside is especially steep for those nearing retirement age, as boomers watch their hard-earned savings and investments vanish, it’s a bad time to be young and just starting out, too.

Today’s high school graduates face a shrinking job market and a deepening credit crunch. Some who have been counting on a college education may have to postpone those plans, since it’s harder to secure student loans. Reporter Sahar Durali has this story from public radio station WPSU on the Penn State campus. Click here to listen.

(Photo by Amanda)