The NCAA handed down sanctions against the university Monday in the wake of the child sex abuse scandal involving former assistant coach Jerry Sandusky.

Money collected for the unprecedented $60 million fine will be used to help prevent sexual abuse and assist the victims.

While it may seem like a lot of money, Sandy Runkle of Prevent Child Abuse Indiana stressed that the cost of child sexual abuse is staggering.

"Really, in terms, of indirect and direct costs of child sexual abuse, it is the second most expensive crime to murder," she said. "The United States spends $35 billion a year on child sexual abuse, but $60 million is a step in the right direction."

Keith Morris, 55, survived sexual abuse from the age of 13 to 15.

His abuser, Willard Conner, 76, is now listed on the New Jersey Sex Offender Registry, but the cost of the abuse has been great, Morris said.

"I was elated to think someone is going to have to pay for what they do," Morris said. "Too often, we survivors have to pay for our own recovery. For years, I was denied medical insurance to pay for my healing. I think it is wonderful."

Penn State must pay at least $12 million a year into the child abuse endowment until the full $60 million is fulfilled.