The Spaniers will be living in Schreyer House until at least 2015.
The new contract, agreed upon between the Board of Trustees and Dr. Spanier, amounts to a three-year extension for the man who, according to Penn State Live, has been called "one of the most influential college presidents of our time."
Come 2015, only President George Atherton will have held the position longer.
Read on past the jump to learn more.
Recent Penn State graduate Kylie Nellis made this great video discussing the future of journalism as her senior thesis project for the Schreyer Honors College. The video features interviews with journalism professors Curt Chandler and Tony Barbieri, as well as our own Davis Shaver and other student journalists. They touch on topics ranging from the nature and ethics of journalism to changing definitions of who journalists are.
You can find the video embedded after the jump.
For Penn State faculty, skies may seem a bit more blue. Last year, in an attempt to keep student tuition down, faculty were denied salary raises. With the 2010-2011 proposed budget, the university plans to end the freeze.
This year, the university is hoping to get a 3.9% increase, or around $360.9 million, in state funding. StateCollege.com cites the fact that this is one of the lowest increase requests in 50 years. While nothing is official until the board convenes in July, President Spanier believes the raises are likely.
Proposed raises are not all encompassing, rather they are based on individual merit. Assistant Director of Public Information Annemarie Mountz explains, “There is no set amount given to all employees. Some people may get a very small raise -- or even no raise at all -- while others may get a larger than average raise."