The Paternoville Coordination Committee posted a statement on its website Monday night decreeing the formation of Nittanyville.
In conjunction, the group will now be called the Nittanyville Coordination Committee.
Paternoville was the name given to the tent city that forms when students camp out for home football games at Beaver Stadium.
"This is a decision undertaken by and made solely by the Penn State student officers," president Troy Weller, a Penn State senior said in the statement. "Our four major officers, plus our six organizational officers, met via conference call and after careful deliberation decided, by a vote, that moving forward the group will be named Nittanyville."
The statement by the group read in part, "Since Penn State joined the Big Ten in 1993, Penn State students have camped out at Beaver Stadium in order to guarantee themselves a rail-side seat - though students hardly ever sit - for a home football game. In 2005, a student termed the encampment "Paternoville," and the name stuck through the 2011 season."
"Now, it's a new era of Nittany Lion football," Weller said. "And by changing the name to Nittanyville we want to return the focus to the overall team and the thousands of students who support it. We thank the Paterno family for their gracious assistance and support over the last several years."
A portion of proceeds from Nittanyville's fundraising efforts will be donated to the Center for the Protection of Children at Penn State Hershey Children's Hospital.