Penn State scandal tab crosses $50 million
STATE COLLEGE (AP) — Penn State’s costs related to the Jerry Sandusky child sex-abuse scandal have crossed $50 million.
Penn State was on the hook for about $50.5 million as of July 31, up $2.8 million from two months earlier, according to a university website posting Monday. The amount covers legal fees, consulting work, fines and other costs.
The final tab promises to be far higher, as the amount reported by Penn State includes only the first $12 million installment of a $60 million NCAA fine, and excludes the $60 million that Penn State has set aside to pay damages to Sandusky’s victims.
The school has said it won’t use tuition dollars, state appropriations or donations to pay the tab, and it expects some of the costs to be paid by insurance. Penn State and its insurance carrier are locked in a dispute over the insurer’s financial exposure to the Sandusky scandal.