Hanover College

www.hanover.edu

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2022 Undergraduate Tuition

$40,336

2.38% growth from 2021

2022 Average Net Price

$26,599

After Financial Aid

2020 Default Rate

on Student Loans

2022 Acceptance Rate

74.1%

3,187 Applicants

2022 Enrolled Students

1,124

99.6% Full-Time

2022 Graduation Rate

69.2%

213 Graduates

About

Hanover College is a higher education institution located in Jefferson County, IN. In 2022, the most popular Bachelors Degree concentrations at Hanover College were General Psychology (31 degrees awarded), General Biological Sciences (29 degrees), and General Business (26 degrees).

In 2022, 300 degrees were awarded across all undergraduate and graduate programs at Hanover College. 56.3% of these degrees were awarded to women, and 43.7% awarded men. The most common race/ethnicity group of degree recipients was white (222 degrees), 18.5 times more than then the next closest race/ethnicity group, hispanic or latino (12 degrees).

The median undergraduate tuition at Hanover College is $40,336, which is $12,006 more than the national average for Baccalaureate Colleges ($28,330).

In 2020 the default rate for borrower's at Hanover College was 0%, corresponding to 0 out of the 254 total borrowers.

Baccalaureate Colleges: Arts & Sciences Focus Baccalaureate Colleges

Costs

In 2022, the median undergraduate tuition at Hanover College is $40,336, which is $12,006 more than the national average for Baccalaureate Colleges ($28,330).

After taking grants and loans into account, the average net price for students is $26,599.

In 2022, 93% of undergraduate students attending Hanover College received financial aid through grants. Comparatively, 51% of undergraduate students received financial aid through loans.

Tuition Costs

$40,336

2022 Undergraduate Tuition

In 2022, the cost of tuition at Hanover College was $40,336. The cost of tuition at Hanover College is $12,006 more than than the overall (public and private) national average for Baccalaureate Colleges ($28,330).

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

Average Net Price

$26,599

2022 Value

25.1%

1 Year Growth

In 2022 Hanover College had an average net price — the price paid after factoring in grants and loans — of $26,599. Between 2021 and 2022, the average net price of Hanover College grew by 25.1%.

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

$12,540

Room and Board

$1,200

Books and Supplies

The average yearly cost of room and board at Hanover College was of $12,540 in 2022. The cost of room and board increased by 1.95% between 2021 and 2022.

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

93%

Undergraduates Receiving Financial Aid through Grants

51%

Undergraduates Receiving Financial Aid through Loans

93% of undergraduate students at Hanover College received financial aid through grants or loans in 2022. This represents a decline of 7% with respect to 2021, 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.

2020 Default Rate

Number of Defaults

In 2020 the default rate for borrower's at Hanover College was 0%, which represents 0 out of the 254 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 3,187 undergraduate applications in 2022, which represents a 22% annual growth. Out of those 3,187 applicants, 2,362 students were accepted for enrollment, representing a 74.1% acceptance rate.

There were 1,124 students enrolled at Hanover College in 2022. 21% of first-time enrollees submitted SAT scores with their applications.

Hanover College has an overall enrollment yield of 11.9%, which represents the number of admitted students who ended up enrolling.

Acceptance Rate

74.1%

Acceptance Rate in 2022

2,362

Accepted Out of 3,187

In 2022, the undergraduate acceptance rate of Hanover College was 74.1% (2,362 admissions from 3,187 applications). This is higher than the acceptance rate of 2021, which was 72.8%. Between 2021 and 2022, the number of applicants grew by 22%, while admissions grew by 24.2%.

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

21%

Submission Percentage (2022)

Scores Submitted (2022)

21% of enrolled first-time students at Hanover College in 2022 submitted SAT scores with their applications.

The following chart shows the average SAT scores for the 25th, 50th, and 75th percentile of applicants for each section of the test that they are evaluated on.

Enrollment

Hanover College had a total enrollment of 1,124 students in 2022. The full-time enrollment at Hanover College is 1,119 students and the part-time enrollment is 5. This means that 99.6% of students enrolled at Hanover College are enrolled full-time.

The enrolled student population at Hanover College, both undergraduate and graduate, is 74.3% White, 6.23% Black or African American, 4.89% Two or More Races, 3.47% Hispanic or Latino, 1.69% Asian, and 1.51% American Indian or Alaska Native.

Students enrolled at Hanover College in full-time Undergraduate programs are most commonly White Female (42.1%), followed by White Male (34.8%) and Black or African American Male (3.38%). Students enrolled in full-time Graduate programs are most commonly White Female (32.9%), followed by White Male (27.2%) and Black or African American Female (9.83%).

Full-Time vs Part-Time Enrollment

99.6%

Full-Time Enrollment

The total enrollment at Hanover College in 2022, both undergraduate and graduate, is 1,124 students. The full-time enrollment at Hanover College is 1,119 and the part-time enrollment is 5. This means that 99.6% of students enrolled at Hanover College are enrolled full-time compared with 79.6% 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

78%

2022 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 78%. 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 (2022)

White
835 enrolled students
Black or African American
70 enrolled students
Two or More Races
55 enrolled students

The enrolled student population at Hanover College is 74.3% White, 6.23% Black or African American, 4.89% Two or More Races, 3.47% Hispanic or Latino, 1.69% Asian, and 1.51% 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 54.3% White, 13.8% Hispanic or Latino, and 13.1% Black or African American.

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, 37 students (3.29%) did not report their race.

Graduates

In 2022, 38 more women than men received degrees from Hanover College. The most common race/ethnicity group of degree recipients at Hanover College is white (222 degrees awarded). There were 18.5 times more white recipients than the next closest race/ethnicity group, hispanic or latino (12 degrees).

The most common Bachelor's Degree concentration at Hanover College is General Psychology (31 degrees awarded), followed by General Biological Sciences (29 degrees) and General Business (26 degrees).

In 2022, 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 (30 degrees awarded), History (10 degrees), and Philosophy and Religious Studies (6 degrees).

Common Jobs by Major

Physicians

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 Physicians (414,083 people), Other managers (180,492 people), Postsecondary teachers (165,224 people), Elementary & middle school teachers (159,838 people), and Lawyers, & judges, magistrates, & other judicial workers (155,160 people).

The most specialized majors at Hanover College in 2022 are Parks, Recreation, & Leisure (30 degrees awarded), History (10 degrees), Philosophy and Religious Studies (6 degrees), Biology (45 degrees), and Theology (6 degrees) (as of 2022).

Highest Paying Jobs by Major

Diagnostic medical sonographers

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 Diagnostic medical sonographers, Surgeons, Cardiovascular technologists and technicians, Securities, commodities, & financial services sales agents, and Magnetic resonance imaging technologists

The most specialized majors at Hanover College are Parks, Recreation, & Leisure (30 degrees awarded), History (10 degrees), Philosophy and Religious Studies (6 degrees), Biology (45 degrees), and Theology (6 degrees) (as of 2022).

Common Industries by Major

General medical and surgical hospitals, and specialty (except psychiatric and substance abuse) hospitals

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 General medical and surgical hospitals, and specialty (except psychiatric and substance abuse) hospitals (529,816 people), Elementary & secondary schools (396,776 people), Colleges, universities & professional schools, including junior colleges (395,283 people), Offices of physicians (210,722 people), and Scientific research & development services (144,986 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 (2022)

General Psychology
31 degrees awarded
General Biological Sciences
29 degrees awarded
General Business
26 degrees awarded

In 2022, the most common bachelors degree concentration at Hanover College was General Psychology with 31 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

131

Degrees Awarded to Men

in 2022

169

Degrees Awarded to Women

in 2022

In 2022, 131 degrees were awarded to men at Hanover College, which is 0.775 times less than the number of degrees awarded to females (169).

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

Most Common Male Majors

In 2022, 15 degrees were awarded to men at Hanover College in General Business, which is 1.36 times more than the 11 female recipients with that same degree.

Most Common Female Majors

In 2022, 24 degrees were awarded to men at Hanover College in General Psychology, which is 3.43 times more than the 7 male recipients with that same degree.

Time to Complete

71%

100% Completion Time

72%

150% Completion Time

In 2022, 71% of students graduating from Hanover College completed their program within 100% "normal time" (i.e. 4 years for a 4-year degree). Comparatively, 72% completed their degrees within 150% of the normal time, and 72% 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.

American Indian or Alaska Native Male

Highest Graduation Rate (100%)

The student demographic with the highest graduation rate in 2022 at Hanover College is Male and American Indian or Alaska Native (100% graduation rate). Across all Baccalaureate Colleges, Asian Female students have the highest graduation rate (73.2%).

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, 3.76% of graduates (8 students) did not report their race.

Race & Ethnicity by Share

Most Common Student Race or Ethnicity (2022)

White
222 degrees awarded
Hispanic or Latino
12 degrees awarded
Black or African American
11 degrees awarded

The most common race/ethnicity at Hanover College is white (222 degrees awarded). There were 18.5 times more white recipients than the next closest race/ethnicity group, hispanic or latino (12 degrees).

10% of degree recipients (30 students) did not report their race.

Race & Ethnicity by Sex

Most Common Sex Demographic (2022)

White Female
137 degrees awarded
White Male
85 degrees awarded
Black or African American Female
7 degrees awarded

The most common race/ethnicity and sex grouping at Hanover College is white female (137 degrees awarded). There were 1.61 times more white female recipients than the next closest race/ethnicity group, white male (85 degrees).

Operations

Hanover College has an endowment valued at nearly $159M, as of the end of the 2022 fiscal year. The return on its endowment was of −14.5M (−9.11%) compared to the 0.58% average return (286k on 49.3M) across all Baccalaureate Colleges.

In 2022, Hanover College had a total salary expenditure of 47.1M. Hanover College employs 45 Professors, 23 Associate professors and 23 Assistant professors. Most academics at Hanover College are Male Professor (30), Female Professor (15), and Male Associate professor (13).

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 34 employees, and Office and Administrative Support with 19 employees.

Endowment

$159M

2022 Endowment

12.8%

decline from 2021

Hanover College has an endowment valued at about $159M, as of the end of the 2022 fiscal year. The endowment of Hanover College declined 12.8% from the previous year. The value of their endowment was $110M 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

$19.4M

2022 Salaries

13.1%

growth from 2021

In 2022, Hanover College paid a median of $19.4M in salaries, which represents 41.2% of their overall expenditure ($47.1M) and a 13.1% growth from the previous year. This is compared to a 4.15% growth between 2020 and 2021, and a 13.9% growth between 2019 and 2020.

The median for similar Baccalaureate Colleges is 15.7M (37.9% of overall expenditures).

Instructional Salaries

$7.82M

Instructional Salaries

Number of Employees

In 2022, Hanover College paid a total of $7.82M to 98 employees working as instructors, which represents 40.2% of all salaries paid.

This is compared to a median of $5.04M (32.1%) for similar Baccalaureate Colleges.

Occupations by Share

Professor

Most Common Instructor

45 Employees

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

Most Common Non-Instructional Employee

39 Employees

In 2022, the most common positions for instructional staff at Hanover College were Professor with 45 employees, Associate professor with 23 employees, and Assistant professor with 23 employees.

In 2022, 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 34 employees, and Office and Administrative Support with 19 employees.

Instructors by Academic Rank and Sex

Most Common Demographic (2022)

Male Professor
Female Professor
Male Associate professor

In 2022, the most common demographic for instructional staff at Hanover College was Male Professor with 30 employees, Female Professor with 15 employees, and Male Associate professor with 13 employees.

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

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