I'm very curious if this number is actually correct; in my experience "53%" overhead means the university adds a $0.53 "tax" on each dollar you spend, which wor

I'm very curious if this number is actually correct; in my experience "53%" overhead means the university adds a $0.53 "tax" on each dollar you spend, which works out to the university "taking" ~35% of the total amount. Still high, but not as high as I used to think.