Defeat for Plan to Reform Research Overhead Payments
- No Need for a Gold Watch
- Quick Takes: Student Will Admit Guilt in Stabbing, Harvard's Lack of Black Coaches, Details on Golden Parachute, Report on Adult Learners, Qualities of Top Fund Raisers, Toronto Will Sell Tobacco Holdings, Rejection Letters
- Ending the Intellectual Property Frenzy
- Quick Takes: Drew Faust Seen as Harvard Pick, Education Management Hires Ex-Apollo Chief, Donation Rules in Conn., Senators Complain About Omission of Tuition Deduction, Drug Testing at Stout, Battle in Australia Over an Ex-President's Papers and Backside
- Endowment Spending Rate Drops Slightly
Leading universities such as Harvard University and the Massachusetts Institute of Technology have successfully lobbied for the defeat of proposed new ways for the government to pay for research overhead, The Boston Globe reported. Currently universities negotiate rates for a percentage of grants awarded that they receive to cover overhead expenses. Harvard's rate is 69 percent, which is much higher than most rates. The Obama administration wanted to shift to a single flat rate for all institutions, but leading universities opposed the idea and it has now been withdrawn.