Rates and Other Resources

Indirect

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%
  • Federal benefits rate for faculty academic year and exempt staff salary: 30%
  • Foundation benefits rate for faculty academic year and exempt staff salary: 33.7%

Hiring Students

  • Summer Housing cost/student = $87.50/week per student in a double room; $109.50/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 at no less than $9/hour (MA new minimum beginning 1/1/15) - Hourly equivalent to the Summer Stipend rate is $9.50/hour
  • Summer Research Students: How to Determine Fellowship vs. Employment

Other Resources