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What are the conditions of the 5% cap for administrative costs for the Ready to Teach program?

April 26, 2017administrative cap Conditions costs program ready teach

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What are the conditions of the 5% cap for administrative costs for the Ready to Teach program?

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Grantees under the Ready to Teach program are limited to spending 5% of the grant on administrative expenses, both direct administrative costs and indirect costs. Consequently, under the Ready to Teach program, grantees can claim no more than 5% in indirect costs.