08/01/2009 05:12 am ET Updated May 25, 2011

Recession Hits Summer Camp

In the five years since Jed Dorfman has been running Camp Walt Whitman, a posh haven complete with water-skiing and private boats in Piermont, N.H., that charges as much as $9,450 for a seven week-long stay, he has had to work out payment plans and extended deadlines to help only one or two families. Until this year, that is. A few months ago, with the enrollment deadline fast approaching, he called the families of several kids who had been coming to camp for years but hadn't signed up yet for 2009. He heard details about grandparents who had footed the bill for camp losing their money to Bernie Madoff.

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