{"id":259,"date":"2022-09-15T11:56:41","date_gmt":"2022-09-15T15:56:41","guid":{"rendered":"https:\/\/www.gcc.mass.edu\/grants\/?post_type=docs&p=259"},"modified":"2025-11-06T12:03:54","modified_gmt":"2025-11-06T17:03:54","slug":"grant-chargeback-policies","status":"publish","type":"docs","link":"https:\/\/www.gcc.mass.edu\/grants\/docs\/grants-manual\/project-administration\/grant-chargeback-policies\/","title":{"rendered":"Grant Chargeback Policies"},"content":{"rendered":"
Paying for Classes \u2013 Listed in order of preference <\/strong><\/p>\n Paying Faculty Release time on Grants <\/strong><\/p>\n When a full-time faculty member receives release time from a class in order to perform a separate function for a grant program, the grant manager\/coordinator in conjunction with the Grants Office has two options available to them:<\/p>\n OR<\/strong><\/li>\n\n
\nFor example, the fall 2024 rate is $1,950 per credit (cost subject to change annually). The charge for a 3 credit course will be $1,950 * 3 = $5,850.<\/li>\n\n
\nPer credit rate: $66,000 \/ 30 (full time credit load per year) = $2,200 per credit
\nSalary for 3 credits: $2,200 * 3 = $6,600 Fringes and Payroll Tax for 3 credits (FY25 rate): $6,600 * 45.06% = $2,973.96
\nTotal: $6,600 + 2,973.96 = $9,573.96<\/p>\n