Hanover College

Hanover, IN 1,031 Undergrads 65.9% Grad Rate

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Total Cost

$58,821

Sticker Price

Avg Net Price

$21,829

After Aid

Median Earnings

$56,221

4yr Post-Grad

Vs. Peer Institutions

Net Price$21,829

Peer Midpoint: $20,081

Earnings (4yr Post-Grad)Completers only after graduation

$56,221

Peer Midpoint: $60,428

Earnings (10yr Post-Enroll)All enrolled after enrollment

$53,957

Peer Midpoint: $53,763

Graduation Rate65.9%

Peer Midpoint: 58.9%

Average Starting Age19.6

Socio-Economic Diversity

Pell Grant Recipients25.9%

Enrollment Status

Full-Time99.0%

Economic Outcomes

Earn More than HS73.3%

Admissions Profile

Acceptance

83.7%

SAT Avg

1,201

SAT Reading

25th: 56061575th: 650

SAT Math

25th: 55059575th: 630

ACT Composite

25th: 232875th: 29

ROI Sensitivity Analysis

This analysis tests three cost scenarios (Scholarship, Average Net Price, Full Sticker Price) to show how college costs impact your long-term return compared to the average student and a high school graduate.

Lifetime Value Added (NPV)

Institution Lifetime NPV

Vs Median Peer

Vs HS Grad

Zero Cost (Scholarship)$0

+$505k

+$38k

+$21k

Median Cost$22k/yr

+$427k

-$40k

-$58k

Full Cost$59k/yr

+$293k

-$173k

-$191k

ROI Efficiency Metrics

Break-Even Age

Return on Inv. %

Zero Cost (Scholarship)$0

∞

Median Cost$22k/yr

Never

-74%

Full Cost$59k/yr

Never

-90%

Analysis Assumptions:

Starting Salary: Estimated from the 4-year post-graduation median earnings (assuming 2% annual growth from graduation).
Comparisons: "Vs Median Peer" compares to the median student nationwide in a similar level program. "Vs HS Grad" compares to a median high school graduate.
Break-Even: The age at which the college investment net income exceeds the median high school graduate's lifetime earnings.
NPV: Net Present Value of all future earnings minus costs and taxes, discounted at 7.8%.

Social Impact ROINew

Measures the societal return on a donor's investment. Calculated as the incremental pre-tax lifetime earnings vs. HS grad, divided by the tax-adjusted donation cost.

Donor Return-74%

Gov. Pell Grant ROINew

Measures the government's return on Pell Grants via increased tax revenue. Calculated as the portion of incremental lifetime taxes (discounted at 5.4%) attributed to the Pell Grant investment.

Taxpayer Return-83%

Important Note: Your ROI with any major will depend on the cost you pay to attend the program, and your starting salary. Both vary significantly across institutions. We encourage you to explore the ROI of a specific program variant by selecting the Program title of the credential level you are interested in. You will then have a more detailed return analysis for programs at specific institutions. We also encourage you to use the ROI calculator with your specific estimates of cost and salary.

Program ROI Analysis

Bachelor's Degrees

Anthropology

BachCIP: 4502

Median Debt

Earnings (4yr)

Natl Median: $46,676

Lifetime Value Added

N/A

Biochemistry, Biophysics and Molecular Biology

BachCIP: 2602

Median Debt

Earnings (4yr)

Natl Median: $65,466

Lifetime Value Added

N/A

Biology, General

BachCIP: 2601

Median Debt

$27,000

Earnings (4yr)

$61,030

Natl Median: $57,214

Lifetime Value Added

-$19k

Chemistry

BachCIP: 4005

Median Debt

Earnings (2yr)

$38,289

Natl Median: $65,120

Lifetime Value Added

-$196k

Classical and Ancient Studies

BachCIP: 3022

Median Debt

Earnings (4yr)

Natl Median: $50,477

Lifetime Value Added

N/A

Communication and Media Studies

BachCIP: 0901

Median Debt

$27,000

Earnings (4yr)

$58,227

Natl Median: $56,359

Lifetime Value Added

-$42k

Computer Science

BachCIP: 1107

Median Debt

Earnings (4yr)

Natl Median: $107,009

Lifetime Value Added

N/A

Drama/Theatre Arts and Stagecraft

BachCIP: 5005

Median Debt

Earnings (4yr)

Natl Median: $39,775

Lifetime Value Added

N/A

Economics

BachCIP: 4506

Median Debt

$26,898

Earnings (4yr)

$73,827

Natl Median: $82,686

Lifetime Value Added

+$80k

Engineering, General

BachCIP: 1401

Median Debt

Earnings (4yr)

Natl Median: $89,359

Lifetime Value Added

N/A

English Language and Literature, General

BachCIP: 2301

Median Debt

Earnings (2yr)

$25,194

Natl Median: $48,590

Lifetime Value Added

-$315k

Fine and Studio Arts

BachCIP: 5007

Median Debt

Earnings (4yr)

Natl Median: $41,367

Lifetime Value Added

N/A

Geological and Earth Sciences/Geosciences

BachCIP: 4006

Median Debt

Earnings (2yr)

$39,369

Natl Median: $60,190

Lifetime Value Added

-$186k

History

BachCIP: 5401

Median Debt

Earnings (2yr)

$30,771

Natl Median: $50,680

Lifetime Value Added

-$264k

International/Globalization Studies

BachCIP: 3020

Median Debt

Earnings (4yr)

Natl Median: $59,972

Lifetime Value Added

N/A

Mathematics

BachCIP: 2701

Median Debt

Earnings (4yr)

Natl Median: $69,562

Lifetime Value Added

N/A

Music

BachCIP: 5009

Median Debt

Earnings (4yr)

Natl Median: $42,892

Lifetime Value Added

N/A

Natural Resources Conservation and Research

BachCIP: 0301

Median Debt

Earnings (4yr)

Natl Median: $55,012

Lifetime Value Added

N/A

Neurobiology and Neurosciences

BachCIP: 2615

Median Debt

Earnings (4yr)

Natl Median: $62,451

Lifetime Value Added

N/A

Philosophy

BachCIP: 3801

Median Debt

Earnings (4yr)

Natl Median: $54,455

Lifetime Value Added

N/A

Political Science and Government

BachCIP: 4510

Median Debt

Earnings (5yr)

$60,117

Natl Median: $63,293

Lifetime Value Added

-$36k

Psychology, General

BachCIP: 4201

Median Debt

$27,000

Earnings (4yr)

$59,512

Natl Median: $50,706

Lifetime Value Added

-$31k

Romance Languages, Literatures, and Linguistics

BachCIP: 1609

Median Debt

Earnings (4yr)

Natl Median: $55,000

Lifetime Value Added

N/A

Sociology

BachCIP: 4511

Median Debt

Earnings (5yr)

$49,627

Natl Median: $52,657

Lifetime Value Added

-$121k

Sports, Kinesiology, and Physical Education/Fitness

BachCIP: 3105

Median Debt

$26,954

Earnings (4yr)

$56,668

Natl Median: $54,562

Lifetime Value Added

-$54k

Teacher Education and Professional Development, Specific Levels and Methods

BachCIP: 1312

Median Debt

Earnings (5yr)

$45,342

Natl Median: $47,382

Lifetime Value Added

-$156k

Theological and Ministerial Studies

BachCIP: 3906

Median Debt

Earnings (4yr)

Natl Median: $44,535

Lifetime Value Added

N/A

Note: Lifetime Value Added is the Net Present Value (NPV) of estimated career earnings relative to a median high school graduate (for undergraduate programs) or a median bachelor's degree holder (for graduate programs), accounting for this institution's average cost and taxes. Computed over a career to retirement age.

For graduate programs (Master's, Doctoral, etc.), the calculation assumes a starting age of 22 (after undergraduate completion) and does not include the sunk costs of prior degrees. It represents the value added of the graduate decision moving forward. These Lifetime Value Added results for graduate degrees should not be compared with those for Undergraduate Certificates, Associates or Bachelors.

Completers Only: Federal median earnings data strictly reflects outcomes for students who successfully graduated. Students who do not complete their degree typically earn significantly less and face higher risks of debt default.