As talk of extreme budget-cutting is again in vogue in Washington, that argument appears to have resonance. But an attempt to reduce research overhead could pose the most serious threat not to well-endowed institutions like Harvard, but to state research universities and cash-strapped private colleges.
At issue are grant payments known as indirect-cost reimbursements. Those are the additional amounts that agencies such as the National Institutes of Health and the National Science Foundation provide to universities that win research grants, to help cover administrative and facilities costs.