Indirect
- New rates effective 9/3/15 - cost rate agreement
- Indirect costs for on-campus activities: 64.4% of total salary and wages
- Indirect costs for off-campus activities: 31.8% of total salary and wages
Benefits
- Benefits rate for faculty summer salary: 9%
- Benefits rate for student summer payroll: 9%
- Benefits rate for student AY payroll and student stipends: 0%
- Benefits rate for part-time employees who are eligible for retirement contributions 14%
- Federal benefits rate for faculty academic year and exempt staff salary: 28.5%
- Foundation benefits rate for faculty academic year and exempt staff salary: 33.5%
Standard inflation rate for Faculty and exempt salaries: 2% per year
Hiring Students
- Summer Housing cost:
- 8 Weeks - single $966/double $750
- 10 Weeks - single $1,209/double $937
- 12 Weeks - single $1,449/double $1,125
- Summer Stipend/student = $380 per week
- Payroll rates for Student Employment - should be budgeted according to current Student Employment Wage Structure*
- Summer Research Students: How to Determine Fellowship vs. Employment
Resources for proposal writing can be found here
*and inflated according to new Massachusetts Minimum wage rates
Explore the MHC Social Universe >