Hanover College

www.hanover.edu/

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2021 Undergraduate Tuition

$39,400

1.34% growth from 2020

2021 Average Net Price

$21,254

After Financial Aid

2019 Student Loan

2.52%

Default Rate

2021 Acceptance Rate

72.8%

2,613 Applicants

2021 Enrolled Students

1,083

99.3% Full-Time

2021 Graduation Rate

63.5%

193 Graduates

About

Hanover College is a higher education institution located in Jefferson County, IN. In 2021, the most popular Bachelors Degree concentrations at Hanover College were Speech Communication & Rhetoric (33 degrees awarded), General Business (23 degrees), and General Biological Sciences (20 degrees).

In 2021, 257 degrees were awarded across all undergraduate and graduate programs at Hanover College. 60.7% of these degrees were awarded to women, and 39.3% awarded men. The most common race/ethnicity group of degree recipients was white (182 degrees), 18.2 times more than then the next closest race/ethnicity group, hispanic or latino (10 degrees).

The median undergraduate tuition at Hanover College is $39,400, which is $10,895 more than the national average for Baccalaureate Colleges ($28,505).

Baccalaureate Colleges: Arts & Sciences Focus Baccalaureate Colleges

Costs

In 2021, the median undergraduate tuition at Hanover College is $39,400, which is $10,895 more than the national average for Baccalaureate Colleges ($28,505).

After taking grants and loans into account, the average net price for students is $21,254.

In 2021, 100% of undergraduate students attending Hanover College received financial aid through grants. Comparatively, 53% of undergraduate students received financial aid through loans.

Tuition Costs

$39,400

2021 Undergraduate Tuition

In 2021, the cost of tuition at Hanover College was $39,400. The cost of tuition at Hanover College is $10,895 more than than the overall (public and private) national average for Baccalaureate Colleges ($28,505).

This chart compares the tuition costs of Hanover College (in red) with those of other similar universities.

Average Net Price

$21,254

2021 Value

5.07%

1 Year Growth

In 2021 Hanover College had an average net price — the price paid after factoring in grants and loans — of $21,254. Between 2020 and 2021, the average net price of Hanover College grew by 5.07%.

This chart compares the average net price of Hanover College (in red) with that of other similar universities.

Average net price is calculated from full-time beginning undergraduate students who were awarded a grant or scholarship from federal, state or local governments, or the institution.

Other Student Expenses

$12,300

Room and Board

$1,200

Books and Supplies

The average yearly cost of room and board at Hanover College was of $12,300 in 2021. The cost of room and board increased by 2.93% between 2020 and 2021.

During the same period, the average yearly cost of books and supplies was $1,200. The cost of books and supplies did not change during the same period.

This chart compares the average student costs at Hanover College (in red) with that of similar universities.

Financial Aid by Income Level

100%

Undergraduates Receiving Financial Aid through Grants

53%

Undergraduates Receiving Financial Aid through Loans

100% of undergraduate students at Hanover College received financial aid through grants or loans in 2021. This represents a growth of 0% with respect to 2020, when 100% of undergraduate students received financial aid.

This chart compares the average award discount at Hanover College (in red) with that of other similar universities.

The average award discount is the ratio between the average grant or scholarship value, and the cost, which is the sum of out-of-state tuition, room, board, book, supplies, and other expenses.

Student Loan Default Rate

Cohort default rates only account for borrowers who default in the first three years, and some schools only have a small proportion of borrowers entering repayment. These rates should be interpreted with caution, as they may not be reflective of the entire school population.

2.52%

2019 Default Rate

Number of Defaults

In 2019 the default rate for borrower's at Hanover College was 2.52%, which represents 7 out of the 278 total borrowers.

A cohort default rate is the percentage of a school's borrowers who enter repayment on certain Federal Family Education Loan (FFEL) Program or William D. Ford Federal Direct Loan (Direct Loan) Program loans during a particular federal fiscal year (FY), October 1 to September 30, and default or meet other specified conditions prior to the end of the second following fiscal year.

Admissions

Hanover College received 2,613 undergraduate applications in 2021, which represents a 1.87% annual growth. Out of those 2,613 applicants, 1,902 students were accepted for enrollment, representing a 72.8% acceptance rate.

There were 1,083 students enrolled at Hanover College in 2021. 18% of first-time enrollees submitted SAT scores with their applications.

Hanover College has an overall enrollment yield of 14.5%, which represents the number of admitted students who ended up enrolling.

Acceptance Rate

72.8%

Acceptance Rate in 2021

1,902

Accepted Out of 2,613

In 2021, the undergraduate acceptance rate of Hanover College was 72.8% (1,902 admissions from 2,613 applications). This is higher than the acceptance rate of 2020, which was 69.3%. Between 2020 and 2021, the number of applicants grew by 1.87%, while admissions grew by 6.97%..

This chart compares the acceptance rate of Hanover College (in red) with that of other similar universities, and the chart below shows the acceptance rate by gender.

SAT Scores

18%

Submission Percentage (2021)

Scores Submitted (2021)

18% of enrolled first-time students at Hanover College in 2021 submitted SAT scores with their applications.

This chart shows the SAT scores for the 25th and 75th percentile of applicants broken out into each section of the test that their are evaluated on.

Enrollment

Hanover College had a total enrollment of 1,083 students in 2021. The full-time enrollment at Hanover College is 1,075 students and the part-time enrollment is 8. This means that 99.3% of students enrolled at Hanover College are enrolled full-time.

The enrolled student population at Hanover College, both undergraduate and graduate, is 75.9% White, 5.63% Black or African American, 4.16% Two or More Races, 3.97% Hispanic or Latino, 0.646% Asian, and 0.646% American Indian or Alaska Native.

Students enrolled at Hanover College in full-time Undergraduate programs are most commonly White Female (42.6%), followed by White Male (34.4%) and Black or African American Male (3.61%). Students enrolled in full-time Graduate programs are most commonly White Female (36.7%), followed by White Male (26.6%) and Hispanic or Latino Female (8.86%).

Full-Time vs Part-Time Enrollment

99.3%

Full-Time Enrollment

The total enrollment at Hanover College in 2021, both undergraduate and graduate, is 1,083 students. The full-time enrollment at Hanover College is 1,075 and the part-time enrollment is 8. This means that 99.3% of students enrolled at Hanover College are enrolled full-time compared with 79.9% at similar Baccalaureate Colleges.

This chart shows the full-time vs part-time enrollment status at Hanover College (in red) compares to similar universities.

Retention Rate over Time

80%

2021 Retention Rate

Retention rate measures the number of first-time students who began their studies the previous fall and returned to school the following fall. The retention rate for full-time undergraduates at Hanover College was 80%. Compared with the full-time retention rate at similar Baccalaureate Colleges (72%), Hanover College had a retention rate higher than its peers.

This chart shows the retention rate over time at Hanover College (highlighted in red) compares to similar universities.

Enrollment by Race & Ethnicity

Most Common Race or Ethnicity (2021)

White
822 enrolled students
Black or African American
61 enrolled students
Two or More Races
45 enrolled students

The enrolled student population at Hanover College is 75.9% White, 5.63% Black or African American, 4.16% Two or More Races, 3.97% Hispanic or Latino, 0.646% Asian, and 0.646% American Indian or Alaska Native. This includes both full-time and part-time students as well as graduate and undergraduates. By comparison, enrollment for all Baccalaureate Colleges is 55% White, 13.5% Black or African American, and 13.4% Hispanic or Latino.

Any student who is studying in the United States on a temporary basis is categorized as a "Non-Resident Alien", and the share of those students are shown in the chart below. Additionally, 55 students (5.08%) did not report their race.

Graduates

In 2021, 55 more women than men received degrees from Hanover College. The most common race/ethnicity group of degree recipients at Hanover College is white (182 degrees awarded). There were 18.2 times more white recipients than the next closest race/ethnicity group, hispanic or latino (10 degrees).

The most common Bachelor's Degree concentration at Hanover College is Speech Communication & Rhetoric (33 degrees awarded), followed by General Business (23 degrees) and General Biological Sciences (20 degrees).

In 2021, the most specialized majors across all degree types at Hanover College, meaning they have significantly more degrees awarded in that concentration than the national average across all institutions, are Parks, Recreation, & Leisure (23 degrees awarded), English (16 degrees), and Communications (33 degrees).

Common Jobs by Major

Elementary & middle school teachers

Most Common Job

The most common jobs for people who hold a degree in one of the 5 most specialized majors at Hanover College are Elementary & middle school teachers (255,586 people), Other managers (244,092 people), Lawyers, & judges, magistrates, & other judicial workers (211,364 people), Postsecondary teachers (143,323 people), and Secondary school teachers (139,820 people).

The most specialized majors at Hanover College in 2021 are Parks, Recreation, & Leisure (23 degrees awarded), English (16 degrees), Communications (33 degrees), History (9 degrees), and Natural Resources & Conservation (8 degrees) (as of 2021).

Highest Paying Jobs by Major

Surgeons

Highest Paying Job

The highest paying jobs for people who hold a degree in one of the 5 most specialized majors at Hanover College are Surgeons, Nuclear medicine technologists and medical dosimetrists, Diagnostic medical sonographers, Magnetic resonance imaging technologists, and Physicians

The most specialized majors at Hanover College are Parks, Recreation, & Leisure (23 degrees awarded), English (16 degrees), Communications (33 degrees), History (9 degrees), and Natural Resources & Conservation (8 degrees) (as of 2021).

Common Industries by Major

Elementary & secondary schools

Most Common Industry

The most common industries for people who hold a degree in one of the 5 most specialized majors at Hanover College are Elementary & secondary schools (575,246 people), Colleges, universities & professional schools, including junior colleges (363,974 people), Computer Systems Design (180,852 people), Legal services (179,539 people), and General medical and surgical hospitals, and specialty (except psychiatric and substance abuse) hospitals (179,329 people).

Majors Awarded

IPEDS uses the Classification of Instructional Programs (CIP) standard, so the categories may not match the exact concentrations offered by Hanover College.

Most Common (2021)

Speech Communication & Rhetoric
33 degree-majors awarded
General Business
23 degree-majors awarded
General Biological Sciences
20 degree-majors awarded

In 2021, the most common bachelors degree concentration at Hanover College was Speech Communication & Rhetoric with 33 degrees awarded.

This visualization illustrates the percentage of degree-majors recipients from bachelors degree programs at Hanover College according to their major.

Sex Breakdown for Common Majors

101

Degrees Awarded to Men

in 2021

156

Degrees Awarded to Women

in 2021

In 2021, 101 degrees were awarded to men at Hanover College, which is 0.647 times less than the number of degrees awarded to females (156).

This chart displays the sex disparity between the top 5 majors at Hanover College by degrees awarded.

Most Common Male Majors

In 2021, 19 degrees were awarded to men at Hanover College in Speech Communication & Rhetoric, which is 1.36 times more than the 14 female recipients with that same degree.

Most Common Female Majors

In 2021, 14 degrees were awarded to men at Hanover College in Speech Communication & Rhetoric, which is 0.737 times less than the 19 male recipients with that same degree.

Time to Complete

67%

100% Completion Time

69%

150% Completion Time

In 2021, 67% of students graduating from Hanover College completed their program within 100% "normal time" (i.e. 4 years for a 4-year degree). Comparatively, 69% completed their degrees within 150% of the normal time, and 70% within 200%.

The following chart shows these completion rates over time compared to the average for the Baccalaureate Colleges Carnegie Classification group.

Graduation rate is defined as the percentage of full-time, first-time students who received a degree or award within a specific percentage of "normal time" to completion for their program.

Graduation Rate by Race and Sex

Showing demographic groups with ≥ 5 graduating students.

Black or African American Male

Highest Graduation Rate (75%)

The student demographic with the highest graduation rate in 2021 at Hanover College is Male and Black or African American (75% graduation rate). Across all Baccalaureate Colleges, Asian Female students have the highest graduation rate (72.9%).

The department of education defines graduation rate as the percentage of full-time, first-time students who received a degree or award within 150% of "normal time" to completion.

The National Center for Education Statistics (NCES) categorizes any student who is studying in the United States on a temporary basis as a "Non-Resident Alien", and the graduation rate of those students is shown in the chart below. Additionally, 6.74% of graduates (13 students) did not report their race.

Race & Ethnicity by Share

Most Common Student Race or Ethnicity (2021)

White
182 degrees awarded
Hispanic or Latino
10 degrees awarded
Black or African American
6 degrees awarded

The most common race/ethnicity at Hanover College is white (182 degrees awarded). There were 18.2 times more white recipients than the next closest race/ethnicity group, hispanic or latino (10 degrees).

15.6% of degree recipients (40 students) did not report their race.

Race & Ethnicity by Sex

Most Common Sex Demographic (2021)

White Female
106 degrees awarded
White Male
76 degrees awarded
Hispanic or Latino Female
10 degrees awarded

The most common race/ethnicity and sex grouping at Hanover College is white female (106 degrees awarded). There were 1.39 times more white female recipients than the next closest race/ethnicity group, white male (76 degrees).

Operations

Hanover College has an endowment valued at nearly $183M, as of the end of the 2021 fiscal year. The return on its endowment was of 48.1M (26.3%) compared to the 17.4% average return (9.13M on 52.4M) across all Baccalaureate Colleges.

In 2021, Hanover College had a total salary expenditure of 39.5M. Hanover College employs 49 Professors, 23 Assistant professors and 22 Associate professors. Most academics at Hanover College are Male Professor (32), Female Professor (17), and Male Associate professor (14).

The most common positions for non-instructional staff at Hanover College are: Librarians, Curators, Archivists, and Academic Affairs and Other Education Services, with 39 employees, Community, Social Service, Legal, Arts, Design, Entertainment, Sports and Media, with 38 employees, and Office and Administrative Support with 20 employees.

Endowment

$183M

2021 Endowment

27.9%

growth from 2020

Hanover College has an endowment valued at about $183M, as of the end of the 2021 fiscal year. The endowment of Hanover College grew 27.9% from the previous year. The value of their endowment was $130M higher than than the median endowment of Baccalaureate Colleges according to the Carnegie Classification grouping.

This line chart shows how the endowment at Hanover College (in red) compares to that of some similar universities.

The small bar chart below shows the endowment quintiles for all universities in the Baccalaureate Colleges: Arts & Sciences Focus Carnegie Classification grouping.

Salary Expenditure

$17.2M

2021 Salaries

4.15%

growth from 2020

In 2021, Hanover College paid a median of $17.2M in salaries, which represents 43.5% of their overall expenditure ($39.5M) and a 4.15% growth from the previous year.

The median for similar Baccalaureate Colleges is 15.1M (38.9% of overall expenditures).

Instructional Salaries

$7.36M

Instructional Salaries

Number of Employees

In 2021, Hanover College paid a total of $7.36M to 98 employees working as instructors, which represents 42.8% of all salaries paid.

This is compared to a median of $4.92M (32.5%) for similar Baccalaureate Colleges.

Occupations by Share

Professor

Most Common Instructor

49 Employees

Librarians, Curators, Archivists, and Academic Affairs and Other Education Services

Most Common Non-Instructional Employee

39 Employees

In 2021, the most common positions for instructional staff at Hanover College were Professor with 49 employees, Assistant professor with 23 employees, and Associate professor with 22 employees.

In 2021, the most common positions for non-instructional staff at Hanover College were Librarians, Curators, Archivists, and Academic Affairs and Other Education Services with 39 employees, Community, Social Service, Legal, Arts, Design, Entertainment, Sports and Media with 38 employees, and Office and Administrative Support with 20 employees.

Instructors by Academic Rank and Sex

Most Common Demographic (2021)

Male Professor
Female Professor
Male Associate professor

In 2021, the most common demographic for instructional staff at Hanover College was Male Professor with 32 employees, Female Professor with 17 employees, and Male Associate professor with 14 employees.

This chart shows the sex split between each academic rank present at Hanover College.