Indirect Costs

“I just personally, it's my view, this is my personal view, is that a severe cut to the indirects, while on the face of it might sound good, that's going to disproportionately Hurt the public schools without large endowments, okay, because they don't have money…”

“Earlier this year, the Trump administration said, We're cutting that to 15% across the board for all universities”

“A severe cut to the indirects, while on the face of it might sound good, that's going to disproportionately hurt the public schools without large endowments, ok, because they don't have money to dip into.”