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Economic score
Hanover College is a private liberal arts college located in Hanover, Indiana. Hanover College is moderately inclusive in their admissions.
Return on educational investment at Hanover College is in the top 50% of all ranked schools. The median student earns $49,535 10 years after enrolling, 16th in Indiana, and in the top 50% nationally. When adjusted for earning differences by major, Hanover College bachelor students earn 2% less than the national average. Hanover College is ranked 14th in Indiana.
Hanover College’s median net annual cost of $20,732 and average years to graduate of 4.1 are reported only at the school level. We assume these same costs and graduation time for all programs.
The top 6 programs at Hanover College sorted by number of graduates - Comms & Media Studies, Health & Fitness, Psychology, English Language & Lit, Education, Economics - are shown below. To see more programs, click on "see additional programs".
Annual net cost
$20,732
Average years to graduate
4.1
Sociology
Rank: -
When a school's graduation rate falls in the bottom 25% in the country, we do not display an economic ranking.
Economic score: 5.63
Geosciences
Rank: -
When a school's graduation rate falls in the bottom 25% in the country, we do not display an economic ranking.
Economic score: 5.66
Chemistry
Rank: -
When a school's graduation rate falls in the bottom 25% in the country, we do not display an economic ranking.
Economic score: 7.05
Poli Sci/Government
Rank: -
When a school's graduation rate falls in the bottom 25% in the country, we do not display an economic ranking.
Economic score: 7.14
History
Rank: -
When a school's graduation rate falls in the bottom 25% in the country, we do not display an economic ranking.
Economic score: 15.99
The average full-time graduate completes their degree in 4.1 years. 69% of all students graduate within 8 years. The graduation rate at Hanover College is 10% higher than the state average, and 1% above the average for all liberal arts colleges in the country.
At Hanover College, Pell Grant recipients represent 29% of the measured graduating class, 6% lower than the national average of 35%. The average Pell Grant recipient at Hanover College graduates within 4.1 years.
Hanover College is in the top 50% of schools for graduating Pell recipients.
We calculate this performance by adjusting the graduation rate of Pell students by their percentage of the student body. This adjustment is made to prevent schools with large numbers of Pell students from underperforming in comparison to schools with few Pell students but high graduation rates.
Hanover College’s economic mobility score of 21.17 is calculated by adjusting the 2.3 economic score of lower-income students by the 29% pell grant recipients within the student body. Hanover College’s EMS of 21.17 ranks in the top 50% nationally.false
Economic Mobility
To calculate economic mobility of low-income (household earnings below $30,000) students, we adjust each institution’s economic score by their percentage of Pell Grant students. The logic of this Pell-adjusted calculation is derived from Third Way’s Economic Mobility Index (EMI).
Top 50%
The average Title IV recipient at Hanover College pays $20,732 a year, $33,918 less than the $54,650 advertised. See below the cost breakdown for students who receive Title IV grants, broken down by income level.
Average net price
The average net price shown by income level for all students that receive Title IV aid. Calculated by deducting the average grant and scholarship aid from tuition, fees, books, and room and board. Limited to first-time, full-time students. Public institution figures are calculated using in-state tuition figures.
Median net price $20,732
Much of the gap between net price and sticker price is filled by institutional and government grants. At Hanover College, 100% of students receive some grants and scholarships, compared to the national average of 87% for all colleges and universities. The average amount of federal, state, and institutional grants that students receive is shown on the right.
This leaves a total of $20,732 on average to be covered by the student – be it through loans or out of pocket. In total, 53% of students take out loans, federal or private, at an average amount of $7,433. This is 1% less than the national average.
Federal grants
$5,348
Pell grants
$4,625
State grants
$6,747
Institutional grants
$28,551
Hanover College's moderately inclusive admissions are indicated by their 73% acceptance rate. In 2021, the school had 2,613 applicants, of which 1,902 were admitted and 276 enrolled. Hanover College has a rolling admissions policy, which means applications are reviewed as they arrive until all spaces are filled.
Full time
100%
83%
Female
53%
59%
First time
96%
59%
In-state
65%
68%
1st generation
25%
35%
White
76%
52%
Black
4%
14%
Hispanic
4%
15%
Asian
1%
5%
American Indian
N/A
1.6%
Pacific Islander
N/A
0.3%
Other
15%
12%