All undergraduate and Graduate School graduates will be honored at the ceremony, and individual colleges and campuses will plan complementary events to honor students on a more personal basis.
The Colonel, who is best known for being the first female pilot and commander of a space shuttle, will deliver a Webinar via Zoom.
Hippenhammer, who opted to focus on baseball full-time this spring, is reportedly in the NCAA's transfer portal.
"We've got a bunch of other good linebackers, guys I'm really excited about. When you lose guys like Jan [Johnson] and Cam [Brown], they're tough to replace, but I like the guys in the room."
"There are a lot bigger things going on in the world than Penn State hockey, but I really do feel for this team. They were really hungry to prove we could go far in the NCAA tournament."
The Nittany Lion will face Pitt's Roc the Panther in the first round.