argh! said:
grizpsych said:
I'm pretty sure that UM is a 3:3 course load for tenure/tenure track professors. And, all grant money goes directly to the University. If UM is like other tier 1 schools, the school immediately pockets between 45% and 55% of grant money and uses it to keep undergraduate tuition lower.
Edit: Also, Salary is lower at UM than at SEMO. So, I would guess UM's break even cost is lower too.
that isn't correct about grants, at least not federal, private, or any other kind that i've come across in the last 25 years or so in academia.
Actually, it probably is ... I assume he's talking about the assignment of so-called "indirect costs." Here's a survey made by the journal
Nature of indirect costs applied by various institutions to grants from NIH:
http://www.nature.com/news/indirect-costs-keeping-the-lights-on-1.16376
Just a few examples (from 2013):
Boston University: 63.7%, negotiated indirect cost
University of Texas-Austin: 54%
University of Florida: 49%
South Dakota State: 45%
University of Wyoming: 42.5%
Georgetown University: 55%
Yale University: 66%
The writer does concede that -- through some accounting gimmicks -- the actual rate shown on the books is sometimes smaller than these numbers.