© Patrick Smith/Getty Images/AFP/FileFormer Penn State assistant football coach Jerry Sandusky leaves the Centre County Courthouse after being sentenced in his child sex abuse case on October 9, 2012 in Bellefonte, Pennsylvania
Pennsylvania State University announced Monday a payout of $60 million for 26 victims abused by convicted child sex offender, American football coach Jerry Sandusky.
The settlement comes just over a year after former Penn State American football coach Sandusky was jailed for 30 to 60 years on 45 counts of child sex abuse.
Now aged 69, Sandusky is expected to spend the rest of his life behind bars, after being found guilty in court of molesting 10 children between 1994 and 2008.
Penn State University said 32 alleged victims had come forward demanding compensation, but that six had their claims rejected.
It announced on its website that it had agreed to pay a total of $59.7 million to the other 26.
"We hope this is another step forward in the healing process for those hurt by Mr. Sandusky and another step forward for Penn State," said the university's president, Rodney Erickson.
"We cannot undo what has been done, but we can and must do everything possible to learn from this and ensure it never happens again at Penn State."