Hanover College
Private College in Hanover, IN. Six-year graduation rate 67%. Median 10-year earnings $53,957.
Students who entered Hanover College land at a median of $53,957 a decade later, close to what most four-year schools deliver. 67% graduate within six years, so most students who start here finish here. Median debt at graduation is $25,250, roughly typical for an undergraduate degree.
Earnings: College Scorecard, median ten years after entry across students who received federal aid — completers and non-completers alike.
- ✓ 3-year loan default 0.0% — below national benchmark
- ! Mobility score 0.4 — limited economic uplift documented
Admissions
An acceptance rate of 84% puts Hanover College on the accessible end — a realistic target for a broad range of applicants. 2,889 students applied in the most recent cycle — a mid-sized pool drawn mostly from the surrounding region. Only 14% of admitted students enroll — the great majority of admits go elsewhere or nowhere. Read the score bands below narrowly: only 27% of enrolled first-years submitted an SAT score, and test-optional applicants are not represented in them.
Test score bands (middle 50% of submitters)
These bands describe the enrolled first-years who submitted a score, not the entering class. Where most students apply test-optional the submitters are a self-selected, higher-scoring group.
| Test | 25th–75th percentile | Submitted |
|---|---|---|
| SAT Evidence-Based Reading | 560–650 | 93 (27%) |
| SAT Math | 550–630 | |
| ACT Composite | 23–29 | 40 (11%) |
IPEDS Admissions · 2024
Apply at Hanover College →Academics
A 67% six-year graduation rate is the strongest academic signal on this page. Retention is strong at 82%, and first-year attrition is where most degrees are lost. The two rates sit near each other: few students who return for a second year are missing from the six-year completion figure. At 11:1, students get materially more instructor contact than at a typical public university. Judge these figures against other institutions of the same type — sector explains more of the variation in completion than any single campus factor.
Financial Aid
IPEDS Student Financial Aid · 2023-24 · grant and loan rates against 964 degree- or certificate-seeking undergraduates
Students pay an average of $23,683 annually once grants are applied. Aid is steeply need-based: families in the $0–30k band pay $16,832 while those at $110k+ pay $27,030. 100% of students get grant aid averaging $34,247, so the published price is a poor guide to what most pay. 52% of students take federal loans, a middling borrowing rate.
Entering first-year students
A different, smaller group than the rates above: full-time students in their first year of college anywhere. The grant series here also excludes the "other sources" counted in the all-undergraduate figure, so the two are not comparable.
IPEDS Student Financial Aid · 2023-24 · 264 students
Net price by family income
The same students as the headline above, limited to those who received Title IV federal aid — a narrower group, with a lower overall average. IPEDS publishes no combined figure across these bands, so they should not be averaged into one.
| Family income band | Average net price |
|---|---|
| $0–30k | $16,832 |
| $30–48k | $18,773 |
| $48–75k | $16,944 |
| $75–110k | $23,824 |
| $110k+ | $27,030 |
IPEDS Student Financial Aid · 2023-24
Federal student loans went to 498 of these 964 students, totalling $3,203,766 — an average of $6,433 each.
IPEDS Student Financial Aid · 2023-24
Local housing costs
Typical rents near campus (Jefferson County) — budget these against any cost-of-attendance housing estimate.
HUD Fair Market Rents (40th-percentile gross rent incl. utilities) · FY2026
Veterans & GI Bill
VA GI Bill Comparison Tool (Veterans Affairs GIDS)