How will Penn St. survive this financially?

[RandySF]

I suspect they will be nearly broke after they are finished with all the settlements.

[Archae]

1. The first to go will be their football program.

It'll be decades before they even are able to field a team.

[elleng]

2. Its a State school, and for that reason will survive, imo.

Also a good educational institution.

[WilliamPitt]

4. Penn State will be fine.

[DinahMoeHum]

5. But it will still be a Herculean task to clean those filthy stables. . .

known as their football program, their athletic department, and their executive administration.

[WilliamPitt]

7. Good thing the sent a former Patriots assistant coach to do the job.

Fact.

[spanone]

6. bye bye endowment...

[Sgent]

8. It depends heavily on state law

in some states a state school and its employees would have sovereign immunity in state courts. In addition, depending on the state courts can order compensation, but only the legislature / legislative body can authorize payment of the bill.

For instance, New Orleans owes over 100 million in state court judgments that have never been paid. The courts don't have the authority to force them to cut a check.

Note: the above doesn't necessarily apply to federal court judgement.

[Chorophyll]

9. Yeah, that was the first thing I thought of

when I heard about all those kids being raped. How WILL Penn State survive this financially?