Cancellation requests will be reviewed on a first-come, first-serve basis.
The group will receive regular updates on Penn State's initiatives to combat racism and make recommendations to the full board.
Penn State students, faculty, and staff can submit designs through July 1.
The team has countered four transfers with two new additions in the past few weeks.
Men's and women's basketball and football student-athletes will be allowed back on campus this Monday.
"We encourage all Americans to take time today to educate, reflect and acknowledge the significance of this moment in our history."
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