Word: indirections
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...Will the National Institutes of Health--the major source of research money for medical institutions--abandon "indirect cost-blind" peer review, with science taking a back seat to funds...
...Most importantly, will the regulatory agencies that set indirect cost rates decide to greatly reduce the rates they hand down to universities...
...which sets Harvard's indirect cost rates, has already given a tentative answer to the last question...
Last year, when Harvard's negotiated rate with HHS was 77 percent, the Medical School received $19.2 million in direct federal dollars and $13.5 million in indirect cost reimbursements. This year, the University expects direct funds of about $20.1 million and has requested $18.8 million in indirect cost reimbursements, or 96 percent...
...were to set a permanent rate near 65 percent, Harvard would receive about $6 million less per year than it has asked for in indirect cost reimbursements...