I hope so, but the financial hit will be enormous.
Note:
* Penn State Shame From Abuse Scandal Threatens College’s Rise [Huge losses forecasted there in multiple areas]
* Moody's places PSU bond rating on review for possible downgrade [Penn State]
That's not the only thing that's been downgraded.
I've seen several articles over the past two days where Penn State students are genuinely concerned that a potential employer might be put off by where they obtained their degree from.