Sixty four cents of every dollar to overhead for government contracted research.
When the GOP took over the Congress in 1994 the estimates for welfare had been that the bureaucracy took 72 cents of every welfare dollar.
2x to 4x overhead isn’t bad when applied to a PhD researcher who might get paid 20% to 30% of what he’d get once out in industry. Schools typically provide offices, equipment, lab facilities, practices, some know how and being able to tap faculty advisors who may specialist in the field.
If something useful is being studied, the bigger question is who owns the IP and any financial spinoffs. Any good school demands it all, and any chump school just wants another year of funding and freedom to publish.