By Ronda Britt
The National Science Foundation
November 17, 2015
Federal funding of higher education research and development failed to outpace inflation for the third straight year, according to data from the National Science Foundation's (NSF's) Higher Education Research and Development (HERD) Survey. When adjusted for inflation, federal funding for higher education R&D declined by 5.1% between FY 2013 and FY 2014 and has fallen over 11% since its peak in FY 2011. This is the longest multiyear decline in federal funding for academic R&D since the beginning of the annually collected data series in FY 1972.