Hanover College

www.hanover.edu

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2024 Undergraduate Tuition

$41,813

1.75% growth from 2023

2024 Average Net Price

$23,683

After Financial Aid

2024 Acceptance Rate

83.7%

2,889 Applicants

2024 Enrolled Students

1,243

99.1% Full-Time

2024 Graduation Rate

67.1%

239 Graduates

About

Hanover College is a higher education institution located in Jefferson County, IN. In 2024, the most popular Bachelors Degree concentrations at Hanover College were General Business (41 degrees awarded), General Psychology (21 degrees), and Kinesiology & Exercise Science (20 degrees).

In 2024, 226 degrees were awarded across all undergraduate and graduate programs at Hanover College. 55.3% of these degrees were awarded to women, and 44.7% awarded men. The most common race/ethnicity group of degree recipients was white (197 degrees), 24.6 times more than then the next closest race/ethnicity group, two or more races (8 degrees).

The median undergraduate tuition at Hanover College is $41,813, which is $13,635 more than the national average for Baccalaureate Colleges ($28,178).

Baccalaureate Colleges: Arts & Sciences Focus Baccalaureate Colleges

Costs

In 2024, the median undergraduate tuition at Hanover College is $41,813, which is $13,635 more than the national average for Baccalaureate Colleges ($28,178).

After taking grants and loans into account, the average net price for students is $23,683.

In 2024, 100% of undergraduate students attending Hanover College received financial aid through grants. Comparatively, 52% of undergraduate students received financial aid through loans.

Tuition Costs

$41,813

2024 Undergraduate Tuition

In 2024, the cost of tuition at Hanover College was $41,813. The cost of tuition at Hanover College is $13,635 more than than the overall (public and private) national average for Baccalaureate Colleges ($28,178).

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

Average Net Price

$23,683

2024 Value

3.29%

1 Year Growth

In 2024 Hanover College had an average net price — the price paid after factoring in grants and loans — of $23,683. Between 2023 and 2024, the average net price of Hanover College grew by 3.29%.

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

$13,558

Room and Board

$1,200

Books and Supplies

The average yearly cost of room and board at Hanover College was of $13,558 in 2024. The cost of room and board increased by 3.12% between 2023 and 2024.

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

52%

Undergraduates Receiving Financial Aid through Loans

100% of undergraduate students at Hanover College received financial aid through grants or loans in 2024. This represents a growth of 0% with respect to 2023, 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.

Admissions

Hanover College received 2,889 undergraduate applications in 2024, which represents a 6.92% annual growth. Out of those 2,889 applicants, 2,418 students were accepted for enrollment, representing a 83.7% acceptance rate.

There were 1,243 students enrolled at Hanover College in 2024. 27% of first-time enrollees submitted SAT scores with their applications.

Hanover College has an overall enrollment yield of 14.4%, which represents the number of admitted students who ended up enrolling.

Acceptance Rate

83.7%

Acceptance Rate in 2024

2,418

Accepted Out of 2,889

In 2024, the undergraduate acceptance rate of Hanover College was 83.7% (2,418 admissions from 2,889 applications). This is lower than the acceptance rate of 2023, which was 84%. Between 2023 and 2024, the number of applicants grew by 6.92%, while admissions grew by 6.57%.

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

27%

Submission Percentage (2024)

Scores Submitted (2024)

27% of enrolled first-time students at Hanover College in 2024 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 1,243 students in 2024. The full-time enrollment at Hanover College is 1,232 students and the part-time enrollment is 11. This means that 99.1% of students enrolled at Hanover College are enrolled full-time.

The enrolled student population at Hanover College, both undergraduate and graduate, is 77.2% White, 5.15% Black or African American, 4.99% Hispanic or Latino, 4.75% Two or More Races, 1.37% American Indian or Alaska Native, 1.37% Asian, and 0.241% Native Hawaiian or Other Pacific Islanders.

Students enrolled at Hanover College in full-time Undergraduate programs are most commonly White Female (42.8%), followed by White Male (36.5%) and Black or African American Male (3.24%). Students enrolled in full-time Graduate programs are most commonly White Female (38.5%), followed by White Male (24.3%) and Black or African American Female (8.44%).

Full-Time vs Part-Time Enrollment

99.1%

Full-Time Enrollment

The total enrollment at Hanover College in 2024, both undergraduate and graduate, is 1,243 students. The full-time enrollment at Hanover College is 1,232 and the part-time enrollment is 11. This means that 99.1% of students enrolled at Hanover College are enrolled full-time compared with 78.9% 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

82%

2024 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 82%. Compared with the full-time retention rate at similar Baccalaureate Colleges (75%), 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 (2024)

White
959 enrolled students
Black or African American
64 enrolled students
Hispanic or Latino
62 enrolled students

The enrolled student population at Hanover College is 77.2% White, 5.15% Black or African American, 4.99% Hispanic or Latino, 4.75% Two or More Races, 1.37% American Indian or Alaska Native, 1.37% Asian, and 0.241% Native Hawaiian or Other Pacific Islanders. This includes both full-time and part-time students as well as graduate and undergraduates. By comparison, enrollment for all Baccalaureate Colleges is 50.5% White, 15.6% Hispanic or Latino, and 13.2% 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, 22 students (1.77%) did not report their race.

Graduates

In 2024, 24 more women than men received degrees from Hanover College. The most common race/ethnicity group of degree recipients at Hanover College is white (197 degrees awarded). There were 24.6 times more white recipients than the next closest race/ethnicity group, two or more races (8 degrees).

The most common Bachelor's Degree concentration at Hanover College is General Business (41 degrees awarded), followed by General Psychology (21 degrees) and Kinesiology & Exercise Science (20 degrees).

In 2024, 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 (27 degrees awarded), Natural Resources & Conservation (9 degrees), and Philosophy and Religious Studies (5 degrees).

Common Jobs by Major

Lawyers, & judges, magistrates, & other judicial workers

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 Lawyers, & judges, magistrates, & other judicial workers (148,507 people), Elementary & middle school teachers (134,504 people), Other managers (132,530 people), Secondary school teachers (110,408 people), and Postsecondary teachers (89,651 people).

The most specialized majors at Hanover College in 2024 are Parks, Recreation, & Leisure (27 degrees awarded), Natural Resources & Conservation (9 degrees), Philosophy and Religious Studies (5 degrees), History (7 degrees), and Language & Linguistics (6 degrees) (as of 2024).

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, Magnetic resonance imaging technologists, Diagnostic medical sonographers, Cardiovascular technologists and technicians, and Economists

The most specialized majors at Hanover College are Parks, Recreation, & Leisure (27 degrees awarded), Natural Resources & Conservation (9 degrees), Philosophy and Religious Studies (5 degrees), History (7 degrees), and Language & Linguistics (6 degrees) (as of 2024).

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 (348,242 people), Colleges, universities & professional schools, including junior colleges (211,779 people), General medical and surgical hospitals, and specialty (except psychiatric and substance abuse) hospitals (132,771 people), Legal services (116,561 people), and Computer Systems Design (94,886 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 (2024)

General Business
41 degrees awarded
General Psychology
21 degrees awarded
Kinesiology & Exercise Science
20 degrees awarded

In 2024, the most common bachelors degree concentration at Hanover College was General Business with 41 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 2024

125

Degrees Awarded to Women

in 2024

In 2024, 101 degrees were awarded to men at Hanover College, which is 0.808 times less than the number of degrees awarded to females (125).

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

Most Common Male Majors

In 2024, 32 degrees were awarded to men at Hanover College in General Business, which is 3.56 times more than the 9 female recipients with that same degree.

Most Common Female Majors

In 2024, 17 degrees were awarded to men at Hanover College in General Psychology, which is 4.25 times more than the 4 male recipients with that same degree.

Time to Complete

67%

100% Completion Time

69%

150% Completion Time

In 2024, 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 69% 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.

Hispanic or Latino Female

Highest Graduation Rate (77.8%)

The student demographic with the highest graduation rate in 2024 at Hanover College is Female and Hispanic or Latino (77.8% graduation rate). Across all Baccalaureate Colleges, Asian Female students have the highest graduation rate (75.5%).

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, 10.3% of graduates (23 students) did not report their race.

Race & Ethnicity by Share

Most Common Student Race or Ethnicity (2024)

White
197 degrees awarded
Two or More Races
8 degrees awarded
Black or African American
7 degrees awarded

The most common race/ethnicity at Hanover College is white (197 degrees awarded). There were 24.6 times more white recipients than the next closest race/ethnicity group, two or more races (8 degrees).

2.65% of degree recipients (6 students) did not report their race.

Race & Ethnicity by Sex

Most Common Sex Demographic (2024)

White Female
171 degrees awarded
White Female
142 degrees awarded
White Female
137 degrees awarded

The most common race/ethnicity and sex grouping at Hanover College is white female (171 degrees awarded). There were 1.2 times more white female recipients than the next closest race/ethnicity group, white female (142 degrees).

Operations

Hanover College has an endowment valued at nearly $164M, as of the end of the 2024 fiscal year. The return on its endowment was of 14M (8.53%) compared to the 7.58% average return (3.75M on 49.5M) across all Baccalaureate Colleges.

In 2024, Hanover College had a total salary expenditure of 55M. Hanover College employs 43 Professors, 25 Assistant professors and 24 Associate professors. Most academics at Hanover College are Male Professor (27), Female Professor (16), and Female Assistant 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 37 employees, Community, Social Service, Legal, Arts, Design, Entertainment, Sports and Media, with 34 employees, and Office and Administrative Support with 19 employees.

Endowment

$164M

2024 Endowment

1.52%

growth from 2023

Hanover College has an endowment valued at about $164M, as of the end of the 2024 fiscal year. The endowment of Hanover College grew 1.52% from the previous year. The value of their endowment was $114M 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

$20.4M

2024 Salaries

7.77%

growth from 2023

In 2024, Hanover College paid a median of $20.4M in salaries, which represents 37.1% of their overall expenditure ($55M) and a 7.77% growth from the previous year. This is compared to a 2.48% decline between 2022 and 2023, and a 13.1% growth between 2021 and 2022.

Instructional Salaries

$8.1M

Instructional Salaries

Number of Employees

In 2024, Hanover College paid a total of $8.1M to 97 employees working as instructors, which represents 39.7% of all salaries paid.

This is compared to a median of $522k (3.48%) for similar Baccalaureate Colleges.

Occupations by Share

In 2024, the most common positions for non-instructional staff at Hanover College were Librarians, Curators, Archivists, and Academic Affairs and Other Education Services with 37 employees, Community, Social Service, Legal, Arts, Design, Entertainment, Sports and Media with 34 employees, and Office and Administrative Support with 19 employees.

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