Hanover College
Comprehensive ROI analysis based on tuition costs, graduate earnings, financial aid, and long-term earning potential.
ROI Summary
Total 4-Year Cost
$171,576
In-state tuition x 4
Earnings Premium
$7,876/yr
vs high school diploma avg
Break-Even Point
21.8 years
After graduation
20-Year ROI
-8%
Return on investment
ROI Analysis
The cost of tuition at Hanover College is $42,894 per year. One year after graduation, the median earnings are $36,061. Five years after graduation, the median earnings increase to $42,876, and ten years after graduation, the median earnings are $53,957. The median debt for students is $25,250, and 53.5% of students receive financial aid.
The debt-to-income ratio, comparing the median debt to the one-year earnings, is approximately 0.7. The five-year earnings are roughly 1.7 times the median debt. The ten-year earnings are more than double the median debt.
Based on the provided data, the break-even point, where the cumulative earnings surpass the tuition cost, is not immediately clear. However, the five-year earnings are approximately equal to the annual tuition cost. The ten-year earnings exceed the annual tuition cost.
Generated from College Scorecard & IPEDS data
The Numbers
Annual Tuition (In-State)
$42,894
Median Debt at Graduation
$25,250
Median Earnings (5yr)
$42,876
Graduation Rate
66%
Receive Financial Aid
54%
Avg Aid Amount
$0
Program-Level ROI
| Program | 4yr Cost | Median Earnings (5yr) | Est. 20yr ROI |
|---|---|---|---|
| Health and Physical Education/Fitness. | $171,576 | $46,500 | 34% |
| Communication and Media Studies. | $171,576 | $46,181 | 30% |
| Biology, General. | $171,576 | $0 | N/A |
| Psychology, General. | $171,576 | $41,774 | -21% |
| Economics. | $171,576 | $65,657 | 257% |
| Teacher Education and Professional Development, Specific Levels and Methods. | $171,576 | $0 | N/A |
| English Language and Literature, General. | $171,576 | $0 | N/A |
| Political Science and Government. | $171,576 | $0 | N/A |
| Sociology. | $171,576 | $46,992 | 40% |
| History. | $171,576 | $38,830 | -55% |
| Biochemistry, Biophysics and Molecular Biology. | $171,576 | $0 | N/A |
| Engineering, General. | $171,576 | $0 | N/A |
Peer Comparison
Financial Aid Impact
Before Aid
After Aid (Estimated)
Methodology
ROI calculations are based on data from the U.S. Department of Education College Scorecard. The earnings premium is calculated as the difference between median graduate earnings and the national average earnings for high school diploma holders ($35,000).
The 20-year ROI formula: ((Earnings Premium x 20) - Total Cost) / Total Cost x 100. Break-even point: Total Cost / Annual Earnings Premium. All figures use in-state tuition and do not account for inflation, opportunity cost, or financial aid variations.