Here’s a look at what the Trump administration’s decision to cut overhead funding for biomedical research means for universities across the country.

The University of Iowa is in danger of losing out on $33.4 million in research funding if National Institutes of Health (NIH) funding cuts are approved. University of Iowa researchers are dealing with a fast-changing funding environment, that led to varying guidance issued twice in two days.

Proposed cuts by the Trump administration to a type of federal funding from the National Institutes of Health would pose a credit challenge to universities that receive the funds, analysts at JPMorgan Chase & Co.