Virginia Tech Memorial Fund Distribution Established

August 15, 2007

Administrators of the memorial fund set up to compensate families and victims killed in the Virginia Tech shootings have established how they will give out money.

The final Hokie Spirit Memorial Fund distribution plan would give families of the 32 students and faculty who died in the April shootings a choice of either $180,000 or dividing that amount between a cash payment and a scholarship in the victim's name.

Some injured victims are eligible for $90,000 -- and tuition and fees will be covered for the rest of their time at Virginia Tech. Less-severely injured victims qualify for $40,000 plus tuition and fees. And other victims are eligible for tuition and fees or $10,000 cash.

The deadline for filing claims is September 15th.

Administrator Kenneth Feinberg says the payments are all higher than those originally proposed.

The Hokie Spirit Memorial Fund was created almost immediately after the April 16th incident. Donors have given more than $7 million.

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