Contracts & Grants Accounting
Graduate Student Researcher (GSR) Buy-Down Information
In 2006, Provost and Executive Vice Chancellor Hinshaw issued a directive allocating funds to "...partially buy down fees and tuition for Graduate Student Researchers (GSRs) supported on extramural sources (referred to as GSR buy-down program). Under this program, the campus pays 25% of the required fees and tuition for a GSR paid with extramural funds and the balance is charged to the extramural contract or grant. This program recognizes the burden associated with the cost of supporting graduate students from research funds and responds to faculty concerns on this matter."
Also, see the Graduate Stipend Request with Departmental Funds.
- Do I have to do anything to ensure the buy-down credit is posted to my grant?
- How does the buy-down work?
- Which sub-fund groups are included in the buy-down?
- Are training grants included in the buy-down?
- Will I be able to see the amount saved to my grant?
- When did this program begin?
- What should I do if I need to make a correction to object code 859R, 857R or 897R?
- Who should I call if I have additional questions?
|Q.||Do I have to do anything to ensure the buy-down credit is posted to my grant?|
|A.||The implementation plan does not require any action by department or graduate group staff and ensures the financial benefit of the program will be visible to KFS end-users via existing reports.|
|Q.||How does the buy-down work?|
Account Lookup (11) in FIS Decision Support will help you determine if you have accounts that are included in the program. Your ledgers will reflect the following:
|Q.||Which sub-fund groups are included in the buy-down?|
|A.||The automated program will adjust the expense for Graduate Student Researchers paid under the following sub-fund group types:
|Q.||Are training grants included in the buy-down?|
|A.||To be eligible for the buy-down, the student must be hired under a GSR title code. Training grants are not included in this program because the campus already provides supplemental matching commitments for these particular grants.|
|Q.||Will I be able to see the amount saved to my grant?|
|A.||Yes, the ledger will reflect the total amount saved to the grant.|
|Q.||When did this program begin?|
|A.||The first journal entries appeared on the October 2006 month-end ledger.|
|Q.||What should I do if I need to make a correction to object code 859R, 857R or 897R?|
|A.||Contact Steven Albrecht in Graduate Studies (firstname.lastname@example.org) for assistance.|
|Q.||Who should I call if I have additional questions?|
|A.||If you have FIS-related questions, please contact the FIS Help Desk. If you have other questions regarding the buy-down program, please contact Steven Albrecht (email@example.com).|