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by throwaway1979 4734 days ago
What is shocking is that in disciplines like CS, profs are expected to pull in grants that cover their salaries. So effectively, the tuition students pay isn't even paying for the salaries of the professorial staff. Also, the University charges an overhead percentage on grants received. Of course, different universities do it their own way. But the money side of academia is dark and dark indeed.
1 comments

Yup, overhead ranges from 40-70%