Money doesn’t erase memories of abuse but hopefully it will give these people a chance to start over.

Mark Scolforo of The Houston Chronicle reports.

Penn State: 26 people get $59.7M over Sandusky

Penn State said Monday it is paying $59.7 million to 26 young men over claims of child sexual abuse at the hands of former assistant football coach Jerry Sandusky, a man once revered as a university icon who is now serving what is effectively a life prison sentence.

Nearly two years after the retired coach was first charged with child molestation, the school said 23 deals were fully signed and three were agreements in principle. It did not disclose the names of the recipients.

The school faces six other claims, and the university says it believes some of those do not have merit while others may produce settlements.

University president Rodney Erickson issued a statement calling the announcement a step forward for victims and the school.

“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,” said Erickson, who announced the day Sandusky was convicted in June 2012 that Penn State was determined to compensate his victims.

The settlements have been unfolding since mid-August, when attorneys for the accusers began to disclose them. Penn State has not been confirming them, waiting instead to announce deals at once.

Harrisburg lawyer Ben Andreozzi, who helped negotiate several of the settlements, said his clients were satisfied.

“They felt that the university treated them fairly with the economic and noneconomic terms of the settlement,” said Andreozzi, who also represents some others who have come forward recently. Those new claims have not been presented to the university, he said.