Penn State is back in the bowl business.

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.

Penn State was halfway through a four-year postseason ban handed down during the summer of 2012. The NCAA rescinded some of the scholarship sanctions last year.

In a news release, the NCAA said that in addition to the postseason ban being lifted, Penn State will be allowed to have the full complement of football scholarships in 2015.

The school still must pay a $60 million fine, 111 wins under Joe Paterno plus one under Tom Bradley remain vacated and the school will remain under monitoring.