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NCAA lifts Penn State's postseason ban (Yahoo Sports)

Thousands of students sing the Penn State Alma Mater outside the Old Beaver Stadium at Penn State, in State College, Pa. on Monday, Sept. 8, 2014. The NCAA on Monday lifted the on-the-field sanctions placed on the Penn State football team for the Jerry Sandusky scandal, including immediately eliminating the postseason ban that had two more seasons left and restoring scholarships next season. (AP Photo/John Beale)

Penn State students turned campus into the site of a peaceful and jubilant celebration after the football program had its bowl ban lifted. They chanted Joe Paterno's name and, of course, threw in ''We Are'' for good measure on Monday night. Good times - and big games - are back at Penn State. Immediately.'' The Nittany Lions got out from under the most severe on-field sanctions imposed two years ago over the Jerry Sandusky child abuse scandal, learning Monday that the NCAA will allow Penn State to compete in this year's postseason and that all scholarships will return in 2015.