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Fallout on Main Street: College Debt 101 in Bloomington, Indiana
Is Sallie Mae poised to join Fannie Mae on the list of economic disaster stories? The rising cost of a university education combined with a flat job market is making it difficult for students and their families to pay off college loans. In Bloomington, Indiana many of those waiting tables and cleaning dishes at the famed Mother Bear's Pizzeria are Indiana University students working their way through school. Catching the rare free moment between orders, workers describe the stress they are feeling in these rocky economic times. The recent credit crunch at the banks and the chaos on Wall Street has already added to their worries - undercutting family credit records, draining stock funds, and causing some students to question what the future will hold.
Keywords: Economy, bailout, Bloomington, college, debt, default, Economy, Financial Crisis, foreclose, housing, Indiana University, layoffs, loans, McClatchy, mortgage, Mother Bear's Pizza, real estate, restaurant workers, Stock Market, student debt, Tony Pugh, Wall Street
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