ibelieveicanfly

joined 1 year ago
[โ€“] [email protected] 1 points 1 week ago (1 children)

For any new grant issued, and for all existing grants to IHEs retroactive to the date of issuance of this Supplemental Guidance, award recipients are subject to a 15 percent indirect cost rate.

From the NIH announcement.

My university is slated to lose eight digits in budgeted and contractually obligated F&As. Virtually every university is gearing up to sue to NIH if NIH tries to withhold these contractually obligated funds like they say they're going to.

F&As cover things like hazardous waste disposal. Maybe to cut costs, we can just dump our hazardous chemicals in your backyard.

[โ€“] [email protected] -1 points 1 week ago* (last edited 1 week ago) (4 children)

And those private nonprofit grants lose universities money: https://web.mit.edu/fnl/volume/295/zuber.html

I posted the actual NIH announcement. Clearly I'm in science. Please don't parrot statements about which you clearly have no understanding.

 

Explanation for nonscientists here: https://bsky.app/profile/carlbergstrom.com/post/3lhmtolcc6s2c

Sorry that bsky isn't an official news source, but it hasn't been appropriately/fully reported by any standard news source yet. I've linked the formal announcement. The ramifications are only really clear to those in science.

This will decimate US universities, full stop. Billions of dollars in guaranteed funds have just been pulled.