EAST LANSING, Mich. (AP) — Michigan State University will sell bonds to pay for a $500 million settlement with hundreds of women and girls who said they were sexually assaulted by former sports doctor Larry Nassar.
Trustees approved the plan Friday after rejecting calls to fire interim President John Engler for unflattering emails that disparaged victims and their lawyers. Engler apologized Thursday for suggesting Rachael Denhollander was getting a kickback from her attorney for her steady criticism of the school.
Michigan State is freezing salaries for top administrative and leadership roles and raising faculty salaries by 1.5 percent instead of the typical 2.5 percent. Engler also is counting on payments from insurance companies.
Tuition will be higher for most students in fall, but Engler says the new revenue won't help cover the Nassar settlement.
