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PSU could raise tuition to cover damages from (Sandusky) suits
Times Leader ^ | 11/18/11

Posted on 11/18/2011 5:52:12 AM PST by Libloather

click here to read article


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NOW would be a good time to riot.
1 posted on 11/18/2011 5:52:13 AM PST by Libloather
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To: Libloather

It would be interesting to know how much wealth the school has.


2 posted on 11/18/2011 5:55:31 AM PST by AD from SpringBay (We deserve the government we allow.)
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To: Libloather

You can’t just raise rates and then assume everyone will pay them. Many will go somewhere else.


3 posted on 11/18/2011 5:56:27 AM PST by txrangerette ("HOLD TO THE TRUTH...SPEAK WITHOUT FEAR" - Glenn Beck)
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To: Libloather
This is from 2006....

Penn State endowment's market value nears 1.4 billion

4 posted on 11/18/2011 5:57:22 AM PST by mewzilla (Forget a third party. We need a second one.)
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To: Libloather

What a clever idea. Raise tuition at the same time as less people will feel inclined to make the choice to select this university. Rather than do a general tuition increase, just make ‘Sex Abuse Scandal’ as a line item on the tuition payment form....It will be very interesting to see how the rate of applications shapes up over the coming year.


5 posted on 11/18/2011 5:57:40 AM PST by hecticskeptic
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To: Libloather

Mommy and daddy will continue to pay the bills for their little tykes tuition as usual.

But taxpayers will be footing a lot of the bill to that comedy college through all of the federal and state grants that they receive.


6 posted on 11/18/2011 5:57:40 AM PST by KeyLargo
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To: Libloather

Rape the kids for their own good!

What a lesson to teach them in life. Its their fault Penn State is on the hook!

Its never the fault of those who looked the other way while criminal behavior was tolerated in their institution. They are not the ones who’ll have to pay the price for their malfeasance.

The innocent always get stuck with the tab. Its the way of the world.


7 posted on 11/18/2011 5:59:07 AM PST by goldstategop (In Memory Of A Dearly Beloved Friend Who Lives In My Heart Forever)
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To: AD from SpringBay
More current, from this year....

Endowment reaches all-time high of $1.83 billion

8 posted on 11/18/2011 6:00:12 AM PST by mewzilla (Forget a third party. We need a second one.)
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To: Libloather

One of the articles on the Penn State situation posited that this crisis would burst the education bubble. So, they raise prices, presumably above the going market rate. Since college credits mostly don’t transfer to other colleges at the 1 to 1 rate those students who can afford to will remain until they finish their degree. But others will go to cheaper alternatives and enrolment will drop; prompting new rate increases; prompting fewer students to attend.

Why should the architecture and engineering students pay for the school’s failure to deal with the scandal when it was still small back in the ‘90’s? (As for students in Women’s Studies, Russian Art Literature, I don’t care what happens to them and they don’t care what their degree’s cost.)


9 posted on 11/18/2011 6:00:33 AM PST by Gen.Blather
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To: Libloather

Ask Duke parents. Their tuition continues to rise despite massive lawsuits. Duke hasn’t even fired the 80 plus professors who convicted the three kids before they had any facts.


10 posted on 11/18/2011 6:00:35 AM PST by Neverforget01 (Beating Romney is so easy McCain did it.)
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To: Owl_Eagle; brityank; Physicist; WhyisaTexasgirlinPA; GOPJ; abner; baseballmom; Mo1; Ciexyz; ...
It's not like there are other schools in Pa. (or the USA)
11 posted on 11/18/2011 6:00:43 AM PST by Tribune7 (If you demand perfection you will wind up with leftist Democrats)
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To: Libloather

Pennetration State is going to wind up like the Titanic, resting silent and deep at the bottom of the Pennsylvania Ocean.


12 posted on 11/18/2011 6:02:31 AM PST by dead (I've got my eye out for Mullah Omar.)
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To: Libloather

Applications to Duke continue to rise.


13 posted on 11/18/2011 6:02:34 AM PST by Neverforget01 (Beating Romney is so easy McCain did it.)
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To: KeyLargo

Looking for an “Occupy Happy Valley” in a few years...:)))


14 posted on 11/18/2011 6:03:03 AM PST by jennings2004 (Cain: An American.....not an African-American....this priority resonates with me!)
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To: dead
Pennetration State

Can I ask how old you are? Are FReepers this immature?

15 posted on 11/18/2011 6:04:11 AM PST by Neverforget01 (Beating Romney is so easy McCain did it.)
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To: Libloather
PSU returned over $25 million to the univewrsity from its football program...though much of that goes to fund all the other athletic teams..not sure how much is returned tot he general university fund..but that can be the source of the settlement funds...

There shouldn't be a trial..it will be painful to the victis, and the university..Once all the victims have been identified..let's say there's 15..for arguments sake..the university should offer a lump sump..say $50 mill...and let the court allocate the funds..this will eliminate the 35% that the lawyers get..they can bill for hours..

16 posted on 11/18/2011 6:04:28 AM PST by ken5050
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To: mewzilla

Thanks for the link.


17 posted on 11/18/2011 6:04:52 AM PST by AD from SpringBay (We deserve the government we allow.)
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To: AD from SpringBay
You're welcome. Meanwhile.....

Financial fallout for Penn State: $2 billion fundraising drive in danger?

18 posted on 11/18/2011 6:09:29 AM PST by mewzilla (Forget a third party. We need a second one.)
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To: Libloather

Just so they don’t raise it retroactively to those who graduated when this sordid man was stalking the locker rooms, bringing boy-dates to Bowl games, and being ignored by the football establishment!

Now, how many solid PA citizens are willing to add a sin tax to Junior’s tuition bill? Especially if Sandusky and his enablers still walk fre?


19 posted on 11/18/2011 6:15:32 AM PST by silverleaf (common sense is not so common)
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To: Libloather
The article stated that PSU could raise tuition. It didn't say they would or even might. Just another article to rev up the people and get everyone's shorts in a knot. It seems to have worked here...
20 posted on 11/18/2011 6:18:28 AM PST by Russ (Repeal the 17th amendment)
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