If you’re confused about why academics are panicking about the NIH overhead budget cut, this thread is a good primer, but especially this point.

This budget cut will decimate universities across the country and the students, employees, researchers, and communities they serve
Reposted from Carl T. Bergstrom
5. Other schools may have even higher overhead rates. Harvard's is around 69%.

This new order slashes that percentage to a maximum of 15%. This means cutting one of the most important sources of university funding nationwide by 75% or more.

Universities cannot function with this scale of cut.

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