Rates

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 19.5%
• Federal benefits rate for faculty academic year and exempt staff salary: 30%
• Foundation benefits rate for faculty academic year and exempt staff salary: 34.56%

Standard inflation rate for Faculty and exempt salaries: 3% per year

Hiring Students

• Summer Housing cost/student = $91.80/week per student in a double room; $118.50/week in a single room  (MHC may require a minimum number of weeks for on-campus housing)
• 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
• See also Student Employment Policies

Resources for proposal writing can be found here