The sophomore guard, who previously transferred from Villanova, has once again entered the transfer portal.
The first phase would be purely virtual and award degrees to graduates, while the second would attempt to bring graduates together in person.
Penn State will allow students to replace their grades with special markings to accommodate the challenges of the university's remote period.
A case of the coronavirus has been confirmed on Penn State's campus, the university announced in an alert sent to students on Tuesday afternoon.
Follow along for the next 90 minutes as administrators like Barron, Provost Nick Jones, and Vice Provost for Online Education Renata Engel answer questions submitted on behalf of students around the world.
Folkes is the third Penn State hockey senior to sign a pro contract this offseason.