MIT’s latest rate agreement contains negotiated fixed rates for two years instead of one, as did our last rate agreement. This agreement is effective July 1, 2022, and fixes both our FY23 and FY24 rates at 59.0% On campus and 6.2% Off campus. Awards effective as of July 1, 2022 through June 30, 2024 will be subject to these F&A rates.
Any award with an effective start date of 7/1/2022 through 6/30/2024 will be charged 59.0% / 6.2% % for the life of the award.
NOTE: Fixed for the life provisions are only applied to federal and federal prime awards. Foundation, industrial and other non-federal awards may be subject to the rate in effect at the time that expenses post.