A federal judge has enjoined Trump/Musk's plainly illegal change to NIH support for indirect expenses (we'll see if the lawless Trump complies), but CHE has
compiled some data on the likely cost to schools if the reimbursement rate for indirect costs were cut to 15% (these are estimates based on 2024 data), and some of the (rounded) numbers are staggering (especially for schools with large, major research medical schools):
Johns Hopkins University: $153,000,000
University of Pennsylvania: $140,000,000
University of California, San Francisco: $139,000,000
University of Michigan, Ann Arbor: $130,000,000
University of Pittsburgh: $121,000,000
Washington University, St. Louis: $117,000,000
Stanford University: $114,000,000 (the Stanford Provost has pegged the cost at $160,000,000)