Forbes February 8, 2025
Is this the end of the world as universities and similar research institutions in the U.S. know it? Well, they probably don’t feel fine after the National Institutes of Health announced on Friday massive and unprecedented cuts in research funding that are sure to disturb the REM sleep of many. The NIH will immediately drop its rate of funding so-called indirect costs of research all the way down to 15% for everyone. Now, most people not in the game of getting research funding from federal agencies like the NIH may not be familiar with what direct and indirect costs are. But this change in indirect cost policy under President Donald Trump’s administration is going to have massive wide-ranging direct and...
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