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bluestateguy

(44,173 posts)
Tue Jul 24, 2012, 04:14 PM Jul 2012

On Penn State's 60 million $ fine

How will this be paid? I fear that this fine will ultimately be paid for by the students, faculty and staff of the university. Will the school raise tuition? Close academic departments? Lay off staff or untenured professors? Or perhaps close down other sports?

I am all for gradually winding down the football program, which is what this sanction seems to do. NFL prospects at PSU can transfer to other schools to play ball, and other scholarship players will continue to get a debt-free college education. But PSU will gradually fade into Division I mediocrity, I think rarely to be heard from again.

What I really oppose, however, is punishing students, faculty and staff for the sins of the football program and administration. I worry that the school, in the interest of saving football, will cut other costs and raise tuition t pay the fine.

If you know something that I don't please fill me in.

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On Penn State's 60 million $ fine (Original Post) bluestateguy Jul 2012 OP
Its supposed to be paid from an existing sports reserve Fresh_Start Jul 2012 #1
This PA story describes where it will come from. sinkingfeeling Jul 2012 #2

Fresh_Start

(11,330 posts)
1. Its supposed to be paid from an existing sports reserve
Tue Jul 24, 2012, 04:19 PM
Jul 2012

its not supposed to come from other sports
its not supposed to come from academics

the money is not an issue.

"Still, with Penn State's endowment topping $1.8 billion, even a multimillion-dollar fine would be little more than a slap on the wrist. The school also faces an estimated $100 million in settlements with Sandusky's victims."

http://news.yahoo.com/penn-state-could-incur-steep-u-penalty-probe-000525616--nfl.html?_esi=1

sinkingfeeling

(51,460 posts)
2. This PA story describes where it will come from.
Tue Jul 24, 2012, 04:24 PM
Jul 2012
http://www.pennlive.com/midstate/index.ssf/2012/07/penn_state_could_pay_millions_1.htm


The university has promised not to use tuition money, donations or tax dollars to pay for scandal-related costs.

A spokesman said the university will tap into an athletics reserve fund, capital maintenance budget and possibly an internal bond issue to pay the NCAA fine.
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