of course! If she's interested in a career in drug discovery, she'll be fine working for industry. The need for the educated will not subside but the number of people available will. She should also try for an industry internship at some point. |
No one is resuming funding king musk will never allow it |
As of June 2024, Johns Hopkins University's (JHU) endowment was roughly $13.5 billion. |
As someone who does work in this space this will just make more administrative burden and more paperwork. So the opposite purpose of the new order. |
I dont think the red state people realize how dependent they are on federal dollars. |
Amazing how we all managed to survive 20 years ago in higher education before DEI was even a thing ![]() Your post also makes no sense. |
can she add a little comp sci to her degree? Again, industry will need her skills. If she can make it (meaning, if there's still a program and professors). Good luck to her and I love reading about all these women in stem |
The University of Chicago's endowment ended FY24 at $10.4 billion as of June 30, 2024 with a 8.4% return on investments. |
None....send your kids abroad.
US education is done and going to tank. |
neither do their alums... As of the end of fiscal year 2023, the total endowment assets for Pennsylvania State University (Penn State) were valued at $4.57 billion. |
Ok. College grant writer here. Every institution that applies for federal funds has three options for budgeting for indirect costs. First, the individual RFP may set a cap on indirect costs. For example, Department of Education often caps indirect costs at 8%. That means most colleges have to absorb the actual indirect cost associated with that grant. Second, many institutions have a federal negotiated indirect cost rate, called a NICRA, which involves an extensive review of the institution prior to award. That rate is assigned by a cognizant agency. When allowed by the funding proposal, the institution can charge this to the grant and subsequently recover these costs. Finally, if the institution doesn’t have a NICRA, then the funder may allow them to charge a diminimus rate, usually 8-10%. Usually colleges will have a mix of grants in their portfolio that vary in recovery of indirect costs, and part of my job as a grant administrator is to make sure that the portfolio is balanced and we aren’t actually loosing money by accepting grant funds. Yes, if you have too many grants with capped indirect costs, we loose $$$. Also, fyi - any institution with over 7.5m in federal funds has to submit to single audits, in addition to their regular audit, to ensure that funds are used appropriately. Maybe their is waste and fraud, but their are many mechanisms of control in place to ensure fiscal compliance. |
This administration does not value scientific research and is making significant cuts to the funding for scientific research. This is what the people voted for in Pennsylvania and a lot of other places. |
The NSF is cutting funding by 66%. So GT, VaT, CMU etc aren't safe. Caltech and MIT will be fine due to their endowments. |
So what are they going to do...pull out millions from their endowment? Universities rely on DISTRIBUTIONS. Endowments aren't piggy banks. |
So if you are familiar with the university research environment.... Is there a mechanism for endowment money to be used to replace the loss of this NIH and NSF funding? Are universities with large endowments going to be able to weather this and continue supporting all of the research going on at their institutions? Or is this going to significantly shrink scientific research across the board? |