Based on research expenditures of $366.9 million in 2007, Virginia Tech ranked 42nd out of 662 universities nationwide, according to the National Science Foundation (NSF) Info Brief for the fiscal year 2007 Academic R and D Expenditures Survey, which was posted Aug. 21, 2008. In fiscal year 2006 (ending June 30, 2006), Virginia Tech ranked 54th with total research and development expenditures of $321.7 million.