Hanover College

On average, college tuition goes up about 3% every year.

Remember, the total cost of tuition isn't necessarily what you will have to pay to attend a school. Many students owe far less than the total tuition after grants, scholarships, and tuition discounts are awarded. Additionally, student loans can make thecost of college feel more doable until after graduation.

Hanover College meets 87.03% of the demonstrated financial need for undergraduates. First-year students that attend Hanover College full-time are awarded $33,405 a year in financial aid, on average.

In 2020, students graduated with an average of $23,714 in student loans for each student with debt.

Does Hanover College Offer In-State and Out-of-State Tuition?

Hanover College is a private, religious institution, which means it has the same tuition for students from Indiana as it does for students who live in other states.

Public colleges and universities receive funding from the state government. These institutions offer reduced tuition for those who qualify as Indiana residents.

Attending a school where you qualify for the reduced tuition offered to state residentscan drastically reduce the total cost of attending college. Be sure to check your state's rules for in-state tuition. Every state has its own rules about what makes someone eligible for in-state tuition. The most common requirement is that students must have lived in the state for a full year before starting school. There may be additional requirements too, depending on the state you and your parents currently reside in.

Explore other Indiana colleges

Do International Students Pay More to Go to Hanover College?

Hanover College has the same tuition for international students as for those from out of state.

International students are not eligible for federal financial aid, but should research private or school-specific aid and scholarships. International students who demonstrate financial need may be eligible for the following types of financial support at Hanover College:

•On-campus jobs •Hanover College-specific loans •Hanover College-specific scholarships

International students without financial need may be eligible for merit-based institutional scholarships.

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Hanover College Housing Expenses, Fees, and More

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In addition to tuition, room and board, books, transportation and fees are also costs it consider when planning for college. Let's take a look at what impacts these costs, and what to expect at Hanover College.

Room and Board Costs at Hanover College

Meal-plan costs vary based on on the number of meals you intend to eat on-campus

How Much Do Books Cost at Hanover College?

The cost of books often surprises first-year college students. The actual cost of books and supplies depends on the courses you take and what kinds of books and materials they require. To save money, many students choose to use books from the library or buy books from students who have already taken the course.

Yearly Fees

Most schools charge some yearly fees to offsets cost associated with maintaining facilties, like the computer labs and libraries, athletic facilities, and more.

There may be optional fees associated with participating in special activities, like Greek Life, or participating in sports or other extracurriculars. Most colleges have resources so that those with financial need to find ways to lower or eliminate these costs.

Transportation costs

The cost of transportation in college depends on a few key factors. Will you take a subway, car or an airplane to get to school? Is on-campus parking free, or will you need to budget for parking? Is the campus walkable? Do you own a car, or will you need to use public transportation? All of these questions can make a big difference in your transportation budget. At Hanover College, freshman are allowed to park on campus.

Where are a college is located can also have a big effect on transportation costs. Small, rural schools may be easier to get around, but the cost of getting to campus may be higher. On the other hand transportation in a city could be costly, but cities may offer more trains, busses and low-cost flight options to actually get to school. The Hanover College campus is located in a rural area in Indiana, near Louisville.

Other Costs

When estimating your budget for college, don’t forget to leave some room in your budget for personal expenses, like entertainment, clothes, furnishings and toiletries.

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Total Tuition and Expenses at Hanover College

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Now, let’s do a rundown of all of the costs associated with college, to get a better estimate of how much students can expect to shell out for Hanover College.

Total Cost of Hanover College

What will the cost of attending Hanover College be? Here is a breakdown of tuition and expenses.

2023 Total Tuition and Expenses

The total estimated cost will vary depending on whether you are going to live on-campus or off-campus.

Tuition and fees may vary depending on program, course level, location, and more.

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Financial Aid at Hanover College

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The majority of Hanover College undergrads use financial aid to finance their education. In 2023, 742 of the 1,009 undergrads enrolled received financial aid. Hanover College meets 87.03% of the demonstrated financial need for undergraduates.

The average financial aid package for a full-time, first-year student is around $33,405 a year. Around 79% of Hanover College undergrads take out student loans to cover any remaining costs. Hanover College graduates who have student loans graduate with an average of $23,714 of student loan debt.

The average debt for each loan type varies.

Average Debt By Loan Type
Federal Loans	$21,547
Hanover College-Specific Loans	$9,988
Private Loans	$14,502

Most Common Loans for Hanover College Students
Federal Loans	64%
Institutional Loans	1%
Private loans	34%

Most students take out institutional or government loans, because they tend to have lower interest rates and more flexible repayment options than private loans. Loans from the federal government can be subsidized or unsubsidized. Subsidized loans do not accrue interest during school, while unsubsidized loans begin accruing interest at the time the loan is issued. If students do no qualify for enough federal loans to cover the cost of tuition, some take out private loans. Parents can also take out ParentPLUS loans, which are government loans for parents who are helping their children pay for college.

The Free Application for Federal Student Aid (FAFSA) helps colleges determine how much financial need students and their familes have, so they can offer a financial aid package that meets, or come close to meeting, their need. For more information on Hanover College financial aid, keep reading, or visit their financial aid website.

Scholarships at Hanover College

Some students may receive grants and scholarships to help pay for college. Unlike loans, scholarships and grants do not have to be paid back.

In 2023, Hanover College awarded 742 need-based scholarships to students, giving away total of $23.1 million to help students with financial need cover the cost of school. An additional $8.84 million in merit-based scholarship money was awarded to students without demonstrated financial need.

Hanover College Net Cost

The net price of college is the actual cost of attending a school for one year. Net cost is calculated by subtracting any scholarships, grants or other aid that does not need to be paid back from the total cost. Student loans are not part of the calculation, because they need to be repaid.

Now that we have a sense of the total estimated costs for Hanover College students, we can subtract the average financial aid package to find the estimated net cost. Net cost can vary depending on a students’ need and the financial aid award received.

When considering whether a school fits your budget, it is important to consider the estimated net cost, not just the sticker price of tuition. Often, schools with the highest tuition also offer the most generous aid packages, so estimate your net cost before eliminating a school because it does fit your budget.

The average amount of financial aid received by a full-time first year student with demonstrated need at Hanover College was $33,405 in 2023. By substracting the average financial aid package from the estimated costs, we get a number that may make the cost of Hanover College seem more manageable.

What will attending Hanover College really cost you? The answer depends on several factors.

As of 2011, colleges are required to have a net price calculator on their website to help prospective students and their families make more informed decisions about the actual cost of attending that school, based on their financial situation. You can find the Hanover College's net cost calculator on their website.

Hanover College Tuition Payment Plans

Some students choose to use payment plans to make the cost of tuition fit more comfortably in their budget.

Students cannot pay tuition in installments. Contact the financial aid office to verify this and discuss options.

Does Hanover College Offer Tuition Waivers?

Schools sometimes offer tuition waivers to certain groups, to reduce the total cost of attendance. Some colleges offer tuition waivers for faculty, staff, and their families , underrepresented students, or military students. Even with a tuition waiver, other expenses and fees are the responsibility of the student.

Check the financial aid website for more information on payment plans and tuition waivers.

Hanover College's Endowment

An endowment is the total value of a school's investments, donations, and assets. Endowment is not necessarily an indicator of the quality of a school, but it can give you a sense of how much money a college can afford to invest in expanding programs, improving facilities, and supporting students.

Hanover College's endowment was valued at $142.8 million in 2023, compared to a national average of $905 million. The school spends $15,019 for each full-time student enrolled.

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Learn More About Hanover College

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