Course Buyouts
A Course Buyout is when grant funds “buy” a faculty member’s released time by paying for a portion of their salary so that the equivalent amount of university effort (%) can be spent working on the funded project.
A “Buyout” situation applies when a faculty member is granted a course release in order to accommodate a faculty member’s work on an externally funded project. The corresponding percentage of the faculty’s appointment is directly charged (accounted for) to the grant account (budget) during the term of the buyout.