Faculty members may request funds from external agencies and foundations, e.g. NIH and NSF, to “buy out” some of their time and reduce their teaching load in order to concentrate their efforts on their grant-supported research. The rate at which a course is “bought” depends on a person’s teaching load, and is computed as follows:
The first course bought off is billed at the salary and benefit equivalent of half of the FTE of the course in question, i.e. a course for someone on a four course load is bought off from a grant at .125 FTE of salary and benefits (half of 0.25); a course for someone on a five course load is bought off from a grant at .10 FTE of salary and benefits (half of 0.2). Any course buy-out above the first one is bought at the full fractional FTE, i.e. .25 or .20. So, to buy out two courses on a four course load, .375 FTE. of salary and benefits should be budgeted.
A course that is being bought off privately (self-funding) would be at the full fractional FTE.
For further information about procedures, consult the Grants Handbook and the Grants Manager.