Maybe big private institutions will do fine. But this will be devastating for smaller institutions – especially public ones – that have had to deal with declini

Maybe big private institutions will do fine. But this will be devastating for smaller institutions – especially public ones – that have had to deal with declining enrollment for years. I work at a small state access university, without a meaningful endowment, that has traditionally had ~48% indirects. The majority of those go to research administration (e.g. research integrity, human subjects protection) and department general funds. Don't worry about facilities: we will literally be trying to figure out whether to cut journal subscriptions or startup funds for new hires, since we can't touch compliance. Of course, it's not as if Team Red cared that much about universities anyway, or medicine, or biology...