Comment Comment by bachmeier > they take a very hefty cut (50-100%! btw this doubles the "cost" of the grant, it doesn't lessen the amount the professor getsThis leads to some very interesting conversations at universities."Your department doesn't bring in many grants, so we can't grant your budget request.""But grants aren't revenue. They're money used to cover the expense of doing research.""Yes, but they bring in overhead."Then when the granting agencies try to cut overhead:"We can't afford a cut in overhead. That money is used to cover the cost of doing research. We'd be losing money." parent bachmeier 3 years ago
This leads to some very interesting conversations at universities.
"Your department doesn't bring in many grants, so we can't grant your budget request."
"But grants aren't revenue. They're money used to cover the expense of doing research."
"Yes, but they bring in overhead."
Then when the granting agencies try to cut overhead:
"We can't afford a cut in overhead. That money is used to cover the cost of doing research. We'd be losing money."