"According to the latest tabulation, the university says it has shelled out $81.8 million to pay for crisis communications, an internal investigation by former FBI director Louis Freeh, as well as defending against victim lawsuits in addition to other legal matters.
Add to that $93 million in settlements with 32 Sandusky accusers, $60 million in NCAA fines and $2.4 million in U.S. Department of Education penalties and the total is at least $236.4 billion and more if lost bowl game revenue is included. Penn State disclosed the spending in response to an inquiry from the Inquirer last week."
The university says it has used no tuition or state money to pay costs from the Sandusky case, relying instead on insurance coverage and interest income.
"Uninsured expenses can be covered by this interest and will not be funded by student tuition, taxpayer funds or donations," said university spokeswoman, Lisa Powers.
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