"The aggregate dollar amount paid by the University for the 26 settled claims is $59.7 million," reads the PSU news release. "It will be reflected in the University's audited financial statements for the year ended June 30, 2013."
PSU rejected six claims from victims according to the release, but isn 't closing the door on other possible settlement discussions.
You can view Penn State's full news release on the Sandusky settlements here...
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