President Rodney Erickson says the most troubling part of the Freeh report was that Penn State did not take appropriate actions to protect children. He has no dispute with any allegations outlined in the report.
Erickson said, "We have to take that report as a reflection of what happened here, we can't back away from it. As trustees said last week, we have to take responsibility at all levels."
That responsibility will come with a cost. Top expenses include legal fees for Penn State administrators implicated in a cover-up and a settlement payout for Jerry Sandusky's victims. Erickson says no tuition money, donor money, or tax dollars will be used. Instead, he says the school will use interest gained from sizable loans and insurance coverage.
He says "we believe with multiple levels of insurance we have, we have adequate resources to meet the needs of any litigation."
Which victims gets part of the settlement and how much they will get isn't clear. He went on to say, "we'll simply have to deal with them on a case by case basis. Hopefully within the broader context of a process that we can go through that will encompass as many, and hopefully all of the victims."
Erickson says they are working on implimenting all of the Freeh report reccommendations That includes background checks and new rules that prohibit adults from being one-on-one with campers. The improvements were enough for Joy McManus who sent her son to a soccer camp at Penn State. She said "This is probably the safest camp in the country at this point, we had no concerns and he's had a fantastic experience."
But everyone is not happy in this valley. Residents are split on what should be done with the Paterno statue. It's not clear yet who paid for a plane to fly a banner over campus Tuesday that read, "Take the statue down or we'll take it down."
Next to the statue, Paterno fans were still taking pictures and don't want it to go anywhere.
President Erickson says the university is still deciding what to do with the statue. They're balancing what Joe Paterno's positive impact was on the university with the damaging allegations outlined in the Freeh report.
President Erickson says they're re-evaluating the paid leave status of Athletic Director Tim Curley right now. And, if any employee is found guilty of lying to the PA Grand Jury , Penn State could re-coup money paid for their legal defense.