Appeals court agrees that Congress blocked cuts to research costs

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Appeals court agrees that Congress blocked cuts to research costs

While indirect rates (the money paid for indirects as a percentage of the grant’s value) average about 30 percent, many universities have ended up with indirect cost rates above 50 percent. A sudden and unexpected drop to the 15 percent applied retroactively, as planned by the Trump administration, would create serious financial problems for major research universities.

The district court’s initial ruling held that this change was legally problematic in several ways. It…



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Appeals court agrees that Congress blocked cuts to research costs



Appeals court agrees that Congress blocked cuts to research costs

While indirect rates (the money paid for indirects as a percentage of the grant’s value) average about 30 percent, many universities have ended up with indirect cost rates above 50 percent. A sudden and unexpected drop to the 15 percent applied retroactively, as planned by the Trump administration, would create serious financial problems for major research universities.

The district court’s initial ruling held that this change was legally problematic in several ways. It…



Source link

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

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