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To be clear, a 60%-70% overhead rate implies that the university is taking 37-42% of the money (for each dollar spent, another 0.60-0.70 goes to university). In
by skosuri 9y ago
To be clear, a 60%-70% overhead rate implies that the university is taking 37-42% of the money (for each dollar spent, another 0.60-0.70 goes to university). In addition, other expenses like tuition and equipment have no overhead taken out.
- tcpekin 9y agoTuition/stipend for grad students and equipment most definitely has overhead, at least from my experience in the UC system.
- munin 9y agoTuition is funny money though, it's money the university is charging itself for nothing. You pay tuition to take a 3 credit class that never meets, doesn't have an instructor, and has no assignments. It's just there to justify the $10k a semester or whatever the university wants to charge the grant. Grad students in CS at least are expected to provide their own equipment, also.
- mattkrause 9y agoSure, but it's almost always quoted as a rate like this. Equipment is a special case in that "capital" equipment is usually exempt from most or all overhead. Smaller things are often not though, and some things are very difficult to charge to a grant at all.