Monk plans to return to the Department of Education Policy Studies for a phased retirement as a faculty member.
Penn State is 3-7 at Michigan Stadium all-time and has won just once in its last eight trips to the Big House.
The mood was somber gathering around the steps of Old Main as the crowd heard from Penn State President Eric Barron and various Jewish community leaders.
Pinegar nailed all three of his field goals attempts against Iowa and knocked through three extra-point attempts.
It was an unusually quiet week for most Nittany Lions, but Barkley led the way once again.
"All organizations are trending toward figuring out honoring tradition while innovating toward the future."