Milking the laboratories for dollars; the 'overhead' mess. (universities assessing exorbitant overhead fees to research funds)

Pity the universities: cash cows aren't what they used to be. Alumni largesse is drying up in the recession. Parents are in revolt over rocketing tuition rises. The NCAA is pulling the plug on lucrative sports-TV contracts to punish schools for rules violations. Despite such setbacks, chief fin...

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Bibliographic Details
Published in:Newsweek 1991-05, Vol.117 (18), p.58
Main Author: Begley, Sharon
Format: Magazinearticle
Language:English
Subjects:
Accounting and auditing
Federal aid to higher education
Finance
Government aid to higher education
Investigations
Overhead costs
Research funding
Research grants
Universities and colleges
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Summary:Pity the universities: cash cows aren't what they used to be. Alumni largesse is drying up in the recession. Parents are in revolt over rocketing tuition rises. The NCAA is pulling the plug on lucrative sports-TV contracts to punish schools for rules violations. Despite such setbacks, chief financial officers know there is still one sure way to close a budget gap: piggyback on the research scientists who get millions of dollars in government grants.
ISSN:0028-9604
1069-840X