All you Graham Spanier fans out there need not worry anymore because Penn State decided to renew his contract as president of the University for another five years, meaning he'll be raising tuition at astounding rates until 2013. So, if you have brothers or sisters thinking about attending PSU in the next few years, advise your parents to rob a bank.

Obviously trying to keep in the spirit of Joe Paterno and his 42 years of service to the University, if Spanier serves out his entire contract he will mark 18 years as president - making him one of the longest serving presidents in school history.

So, time to start thinking of what we're going to name after him. Jordan Center, Thomas Building, Beaver Stadium, the HUB (Hetzel Union Building) ... all named after former presidents, just to name a few. 

So, what would be fitting? Ooooh, how 'bout the "Spanier Center for Unsurmountable Student Loan Debt?"