Red alert: pick a college that will not be decimated by the NIH's reduction of indirect costs to 15%

[Anonymous]

Anonymous wrote:

Anonymous wrote:Check https://ncses.nsf.gov/surveys/higher-education-research-development/2022#data

Colleges will be hurt. Those high on the list are going to be decimated. An immediated $100 million budget reduction.

Johns Hopkins, Penn, Michigan, UCLA, Berkeley, Wisconsin, etc.

The public schools are most at risk.

Are you dumb? Hopkins and Penn have extremely sizable endowments and can weather this easy.

Even if this is true (it’s not), that would not help the hundreds of other universities affected, especially the public universities.

[Anonymous]

Anonymous wrote:What makes you think biomedical research funding changes is going to have much impact on the undergraduate experience at any school? I can see biomedical PhD students and some medical students impacted, but college students?

This isn't about med schools- most science departments including social science like psychology run by nih grants.. all the Chem, bio, etc..those indirect funds fund the university.the humanities obviously don't bring in the same amount if cash to universities

[Anonymous]

Anonymous wrote:

Anonymous wrote:Check https://ncses.nsf.gov/surveys/higher-education-research-development/2022#data

Colleges will be hurt. Those high on the list are going to be decimated. An immediated $100 million budget reduction.

Johns Hopkins, Penn, Michigan, UCLA, Berkeley, Wisconsin, etc.

The public schools are most at risk.

Are you dumb? Hopkins and Penn have extremely sizable endowments and can weather this easy.

When funding is reduced, spending drops. The endowment draw was already set and what can be sustained.

[Anonymous]

Locally, this would have a big effect not only on Hopkins, but also UVA, UMD, VaTech, and Georgetown. Even William and Mary, which recently moved up to R1 status.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Check https://ncses.nsf.gov/surveys/higher-education-research-development/2022#data

Colleges will be hurt. Those high on the list are going to be decimated. An immediated $100 million budget reduction.

Johns Hopkins, Penn, Michigan, UCLA, Berkeley, Wisconsin, etc.

The public schools are most at risk.

Are you dumb? Hopkins and Penn have extremely sizable endowments and can weather this easy.

When funding is reduced, spending drops. The endowment draw was already set and what can be sustained.

*at

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:“That said, changing the model overnight will destroy the balance sheets of many institutions. It should have been phased in.”

They shouldn’t have been overcharging the taxpayers in the first place.

They were not overcharging. Stop making things up.

Stop pretending that 30% or more for indirect costs isn’t overcharging.

They don’t even break even at 60 percent. You’re clearly a MAGA idiot.

MAGA keeps showing again and again that they are ignorant and gullible. No idea how things actually work and they trust the word of grifters like Musk and Trump as gospel while all the while it is Musk and Trump that are gearing up to steal from everyone. Frickin MAGA idiots.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:“That said, changing the model overnight will destroy the balance sheets of many institutions. It should have been phased in.”

They shouldn’t have been overcharging the taxpayers in the first place.

They were not overcharging. Stop making things up.

Stop pretending that 30% or more for indirect costs isn’t overcharging.

They don’t even break even at 60 percent. You’re clearly a MAGA idiot.

MAGA keeps showing again and again that they are ignorant and gullible. No idea how things actually work and they trust the word of grifters like Musk and Trump as gospel while all the while it is Musk and Trump that are gearing up to steal from everyone. Frickin MAGA idiots.

You idiots think we should trust you after it’s been revealed that untold billions have been wasted on total nonsense. Sorry, but you are now in the world where you have to prove that your activities are useful before you get taxpayer money.

Calling Musk and Trump grifters when we know how much government subsidized garbage is occurring in academia alone? 🙄 Stunning lack of self awareness.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Check https://ncses.nsf.gov/surveys/higher-education-research-development/2022#data

Colleges will be hurt. Those high on the list are going to be decimated. An immediated $100 million budget reduction.

Johns Hopkins, Penn, Michigan, UCLA, Berkeley, Wisconsin, etc.

The public schools are most at risk.

Are you dumb? Hopkins and Penn have extremely sizable endowments and can weather this easy.

That’s not really how endowments work. PI’s need this money to fund grad students, otherwise there’s a shortage of instructors. There’s a certain budget allocated towards faculty and it’s unlikely there’s budget space for funding grad students.

Endowments have earmarked general spending funds. There was even talk on here about how aid would be affected when it is separate. Bloomberg already donated enough to make financial aid fully covered by grants. People are literally stupid on here

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Check https://ncses.nsf.gov/surveys/higher-education-research-development/2022#data

Colleges will be hurt. Those high on the list are going to be decimated. An immediated $100 million budget reduction.

Johns Hopkins, Penn, Michigan, UCLA, Berkeley, Wisconsin, etc.

The public schools are most at risk.

Are you dumb? Hopkins and Penn have extremely sizable endowments and can weather this easy.

That’s not really how endowments work. PI’s need this money to fund grad students, otherwise there’s a shortage of instructors. There’s a certain budget allocated towards faculty and it’s unlikely there’s budget space for funding grad students.

Endowments have earmarked general spending funds. There was even talk on here about how aid would be affected when it is separate. Bloomberg already donated enough to make financial aid fully covered by grants. People are literally stupid on here

I think if you can’t see how much money it would cost the university to fund the grad teaching faculty and their stipends, you really have little understanding of the rigid flexibility of big endowments. No, if these contracts are destroyed and grants are not created and funding dries up, you will see significant issues at these schools who’ve historically relied on their stem faculty to fund stipend pay through grants.

Financial aid is not the same money pot for faculty pay. I’m surprised this has to be mentioned at all. I’m questioning your experience with higher Ed in general.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Trump is an idiot here. I voted for him only because kamala is more of a disaster but do not agree with this.

Oh sure, had nothing to do with her dark skin and XX chromosomes. Hope you burn.

You are stupid as shit. Kamala was objectively dumb. I voted for obama.

And the orange turd is brilliant?

[Anonymous]

Anonymous wrote:

Anonymous wrote:What makes you think biomedical research funding changes is going to have much impact on the undergraduate experience at any school? I can see biomedical PhD students and some medical students impacted, but college students?

This isn't about med schools- most science departments including social science like psychology run by nih grants.. all the Chem, bio, etc..those indirect funds fund the university.the humanities obviously don't bring in the same amount if cash to universities

No, you are just wrong.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:What makes you think biomedical research funding changes is going to have much impact on the undergraduate experience at any school? I can see biomedical PhD students and some medical students impacted, but college students?

This isn't about med schools- most science departments including social science like psychology run by nih grants.. all the Chem, bio, etc..those indirect funds fund the university.the humanities obviously don't bring in the same amount if cash to universities

No, you are just wrong.

This trashing of our science research funding will do absolutely nothing to help this country with the budgetary issues. All we're going to get out of it is damaging our educational institutions.

You don't understand where this country spends all its money and it is not on science research.

[Anonymous]

Universities currently have very little incentive to control costs. Maybe this will help. I hate Trump but this doesn’t bother me (although I would have preferred a phase in).

[Anonymous]

I'm in the grants world. Yes, this is a radical change. What will end up happening is that there will be more direct billing of line items.

For example, let's use a $1.2M grant because it makes the numbers easy. Previously, with a 50% indirect rate, the cost of researcher time, students, fringe (health insurance, retirement), publications, travel, experimental needs would all be directly billed ($800k) and there would be $400k of indirect costs that go to the institution that cover everything related to running a research institution (building infrastructure, power bills, IT, administration, etc.). Obviously, some of that was getting siphoned off for non-research things, but I bet is it less than you'd expect. The institutions do have to justify these numbers.

In a new world with a 15% rate, you'll end up direct billing almost everything - grant administrator, IT specialists, maintenance support, and on and on. So, instead you'll have $1.020M in direct costs and $180k in indirect. While this is potentially good to highlight where these funds go, it is also going to be a reporting mess.

It won't save any money.

[Anonymous]

A lot of red state universities going to be impacted too