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3mo ago

MIT Reports Sharp Drop in Research Awards and Graduate Enrollment

Leaders link the slide to federal cutbacks, an 8% endowment tax, plus stricter immigration rules.

CAMBRIDGE, MA - FEBRUARY 22: The Maclaurin Building is shown on the campus of the Massachusetts Institute of Technology February 22, 2006 in Cambridge, Massachusetts. The Institute admitted its first students in 1865 and continues with the mission to advance knowledge and educate students in science, technology, and other areas of scholarship.
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Overview

  • MIT, which disclosed the figures Thursday, said federal research activity and the number of new federal awards are both down more than 20 percent.
  • Total sponsored research spending from all sources is about 10 percent lower than a year ago.
  • New graduate enrollments outside the Sloan School are close to 20 percent lower, which could mean about 500 fewer students next year.
  • MIT faces roughly a $300 million budget gap and is closing libraries, pausing merit raises, and cutting some admissions while avoiding broad layoffs beyond its library system and the Broad Institute.
  • The Institute is offering limited bridge funding and plans to expand masters enrollment, seek more private gifts, and press lawmakers, with leaders warning that stopgaps risk a lasting hit to the science talent pipeline.