Understanding Hanover College Tuition, Fees, and Financial Aid

Hanover College, founded in 1827, is committed to making college affordable and sustainable for undergraduate students. The college adheres to the principles and standards of The College Cost Transparency Initiative, offering various aid options to meet individual student needs. This article provides a detailed breakdown of the costs associated with attending Hanover College and the financial aid opportunities available to students.

Cost of Attendance

Understanding the cost of attendance is the first step in managing college expenses. The "Cost of Attendance" is the total amount of money the average student has to pay, without any financial aid. It's essentially the school's sticker price.

For undergraduate students, Hanover College's tuition for full-time students stands at $41,092 per year. The accompanying fees amount to $891. Room and board costs at Hanover College total $14,660 annually, including a room charge of $7,034 and a board charge of $7,626. This cost doesn't include books and supplies, personal expenses, and transportation, which are estimated separately. The sticker price includes both tuition and fees. Fees differ by institution and may fund library services, student gym facilities, student centers, technology resources, and campus health centers. As you’re comparing costs of different institutions, also consider the total cost and the net price. The total cost is the sticker price, plus the cost of food and housing, books and supplies, and transportation and personal expenses.

Here's a breakdown of the annual charges and estimated expenses for the 2025-2026 academic year:

Annual Charges:

Tuition: \$46,232 (Your rate is locked for four years!)
Food (meal plan): \$7,774 (This is the cost of any meal plan we offer. May change slightly based on the final dining vendor contract.)
Avg. Housing: \$7,588 (This is the average cost of Hanover housing. *These costs apply to residential students. Commuter students have a \$550 annual commuter fee. For purposes of calculating total cost of attendance and aid eligibility, commuters are allocated a reduced amount for housing (\$5,500) and food (\$5,550).)

Estimated Expenses:

Parking: \$110 (Charged only if you plan to keep a car on campus.)
Course-Specific Costs: \$0-\$750 (Depending on your course selection, there may be lab fees, certification or testing requirements.)
Federal Direct Loan Origination Fees: \$78 (This is for federal subsidized and unsubsidized student loans only. If Parent PLUS loan is taken, additional fee amount will be added.)
Athletic Insurance: \$500 (Students who participate in varsity or junior varsity sports are required to have additional insurance.)
Tenant Liability Insurance: \$120 (All students pay this charge.)
Miscellaneous: \$500-\$1,500 (Expenses such as supplies, equipment, transportation, toiletries, shopping or dining off campus, computer rental, etc.)
Books and Supplies: \$1,250 per year
Personal Expenses: \$900 per year
Transportation: \$600 per year

It is important to note that these costs are estimates and may differ from the student’s total expenditures. Variable costs of the program include lodging, food, and travel to/from lab immersions and clinical education rotations.

Read also: Remembering Charles Thurman

Doctor of Physical Therapy Program (DPT) Costs

The following tuition rates and associated costs are for the 2025-2026 academic year and apply to students enrolled in the Doctor of Physical Therapy Program (DPT) program starting in 2025.

Financial Aid Opportunities

Hanover College is committed to offering financial aid to students. Financial aid can include grants, loans, scholarships and work-study jobs. Financial aid packages vary depending on your financial need. Most colleges determine financial need based on your FAFSA.

Grants and Scholarships

Grants and scholarships are the most important forms of financial aid because students don’t have to pay them back. Grants and scholarships are better than loans because students don’t ever have to pay them back. Need-based self-help aid includes federal loans and work-study. Merit-based aid, also called non-need-based aid, is awarded for a specific talent or athletic or academic achievement.

Hanover College is focusing on grants and scholarships first because they’re the most important forms of financial aid. The grant dollar amounts include aid from all sources - both federal and institutional.

Here are several scholarship opportunities available at Hanover College:

Campus Visit Award: A \$4,000 Campus Visit Award for your first visit! This award goes to all domestic admitted students who visit campus through the Office of Admission or attend a one-on-one virtual admission event - such as a presentation/Q&A - during their senior year of high school. Come back to campus a second time to visit and you get another \$2,000! After year one, the \$6,000 is available for annual renewal as our Student Success Award. To be considered, you must have been admitted after submitting your completed application for admission to Hanover College.
STEM Scholarship: Scholarship decisions are based on an applicant’s weighted GPA at the time of applying; utilizing the GPA as provided by the high school on the applicant’s transcript. Test scores submitted will be considered in application review, but will not affect merit scholarship consideration. Necessary materials for scholarship review include: two letters of recommendation from high school teachers in the STEM disciplines. Once those materials have been submitted, a scholarship committee will review all applicants and follow up regarding next steps. Select candidates will also be asked to complete an interview.
Social Justice Leadership Program: Participating students receive a \$2,500 renewable scholarship as part of the program. To qualify for consideration, you must have been admitted after submitting your completed application for admission to Hanover College.
Music Scholarship: Top applicants who have indicated an interest in music - concert band, orchestra (strings) or choir - will be invited to audition for a \$2,500 scholarship. The award is renewable each year upon continued ensemble participation and meeting Satisfactory Academic Progress. To qualify for consideration, you must have been admitted after submitting your completed application for admission to Hanover College.
Theatre Scholarship: The Hanover College Theatre Scholarship is designed to honor talented high school students who are passionate about their role as a performer or technician. To qualify for consideration, you must have been admitted after submitting your completed application for admission to Hanover College.
Moses Broyles Scholarship: Each year, Hanover College will award three full-tuition scholarships to students who are members of (or nominated by) Purpose of Life Ministries in Indianapolis, Indiana. Scholarship recipients will be responsible for other costs; including room, board, and books. To be considered, students must apply for admission to Hanover no later than December 15, 2025 and indicate interest in the Moses Broyles Scholarship.
Muhammad Ali Center Council of Students Scholarship: Each year, Hanover College will award full-tuition scholarships to two students who are active members of the Muhammad Ali Center Council of Students at the Muhammad Ali Center in Louisville, Kentucky. To qualify for Hanover’s award, students must confirm their status as an active MAC Council member. Students can notify Hanover of their participation by contacting their admission counselor.
Starfish Initiative Scholarship: Each year, Hanover will grant full-tuition awards to one incoming first-year student who is a part of Starfish Initiative in Indianapolis. The award will cover the entirety of tuition for four years. To qualify for Hanover’s award, students must be residents of Indiana and confirm their status as a Starfish Scholar.
Indiana Pell Promise: For Pell-eligible Indiana students with a -\$1,500 Student Aid Index (SAI) and a high school GPA of 4.0 or higher, Hanover will combine our scholarships and aid with Federal and State grants to cover costs of tuition, standard housing and a meal plan. Students are responsible for other expenses, estimated above. For Pell-eligible Indiana students with a -\$1,500 Student Aid Index (SAI) and a high school GPA of 3.75-3.99, Hanover will combine our scholarships and aid with Federal and State grants to cover the costs of tuition and standard housing. Students are responsible for their meal plan and other expenses, estimated above.
K-12 School Employee Scholarship: Beginning in Fall 2025, Hanover College will award a \$2,500 scholarship to first-year students whose parent or legal guardian is employed by any accredited K-12 school in Indiana - public or private. To be awarded the scholarship, students must be admitted to Hanover, complete the FAFSA, and provide proof of their parent’s or legal guardian’s full-time or permanent part-time employment at an Indiana K-12 school. Complete this form to verify employment at an Indiana K-12 school.
Alumni and Current Student Relative Award: Hanover College offers a \$2,000 award to immediate relatives of Hanover alumni and current students to remind us that the most important part of the College is not its buildings but its people. Immediate relatives include spouses and domestic partners; parents, stepparents and legal guardians; children and stepchildren; siblings and stepsiblings; grandparents, uncles, aunts and first cousins. Students must meet admission requirements. Families will also be required to complete the FAFSA and be able to verify the familial connection, if asked.
Sibling Award: Incoming students who are siblings of current or past students will receive an additional \$2,000 renewable award.
Lilly Scholar Award: In addition to the scholarship provided through the Lilly Endowment, Hanover College promises Lilly Scholars a 4-year renewable scholarship equal to the value of housing, food, and laundry fees. Hanover will also fully fund a May term off-campus experience.
STEM Scholarship (Ohio Residents): Hanover College offers a \$5,000 renewable scholarship for approximately four first-year students, preferably from Ohio, planning to major in a discipline included within the definition of STEM. The scholarship is funded through the Austin E.
Children of Fallen Heroes Award: To show appreciation to our fallen heroes - children of those who died in the line of duty in the military, police or emergency workers or as a direct result of their service - will receive an award up to full tuition. We hope this will ease the burden of families who have made the ultimate sacrifice.
National Guard Supplemental Grant (NGSG): Students eligible for the National Guard Supplemental Grant (NGSG) will receive an annual award of up to \$5000 towards tuition and regularly assessed fees. Eligible students must be Indiana Air or Army National Guard members, apply in ScholarTrack, and file their FAFSA. The Indiana National Guard reviews all applications and records the decisions in ScholarTrack. These students can attend either full-time or part-time. ScholarTrack will generate an award for \$2500 for the Fall semester and \$2500 for the Spring semester. Grant may not be used for Summer sessions.
Tuition and Fee Exemption for Children of Disabled Veterans or Purple Heart Recipients: Students eligible for the Tuition and Fee Exemption for Children of Disabled Veterans or Purple Heart Recipients will receive an annual award of up to \$5,000 towards tuition and regularly assessed fees at the undergraduate resident tuition rate. Eligible students must have graduated high school on January 1, 2023, or later. Recipients who graduated before January 1, 2023, are not eligible to use the award at private, non-profit colleges, and universities.
FIRST Robotics Scholarship: Hanover College offers ten (10) \$2,000 scholarships to admitted students who have participated in a FIRST Robotics Competition or a FIRST Robotics Tech Challenge Team in high school. To apply for the scholarship, applicants must complete the FIRST Scholarship form and submit a letter of recommendation from an adult mentor/coach on their FIRST team by February 1, 2026.
Phi Theta Kappa Scholarship: This \$2,500 scholarship honors members of the Phi Theta Kappa honors society as academic achievers and peer leaders in the two-year college environment.
Tuition Rewards Program: By investing or saving with participating banks, credit unions, 529 Plans and other financial institutions, family members can earn “points” to provide students with guaranteed minimum scholarships at a national consortium of participating independent institutions that includes Hanover College. Starting with a student’s first year, points can be redeemed for up to the full cost of base tuition and spread evenly over four undergraduate years. A student’s Tuition Rewards statement must be submitted through the Account Statement page at the time the student applies for admission to Hanover College.
Employee Tuition Benefit: To help make Hanover College more accessible to current employees and their families, immediate relatives of current or former employees will pay no more than \$5,000 in undergraduate tuition per year after merit and other aid is applied. Current employees must complete one year of service before this benefit is available. Former employees must have worked for a minimum of three years.

Loans

Aside from grants, the other major way to pay for college is with student loans. The more student loan money you borrow, the more debt you’ll end up with after graduation. Ideally, you want to minimize your student debt as much as possible. It’s generally a bad sign if a school has many students taking out a lot of loans.

The median federal loan debt among borrowers who completed their undergraduate degree is \$25,250. The median monthly federal loan payment (if it were repaid over 10 years at 5.05% interest) for student federal loan borrowers who graduated is \$268.

At Hanover College, 70% of all students take out federal loans. The average annual federal loan amount is \$5944. 26% of students take out private loans. The average private loan amount at Hanover College is \$5253. The percentage of students getting federal loans is greater than those getting private loans, which is a good sign.

Work-Study Programs

Hanover College offers a variety of work-study opportunities designed to help students gain practical experience while contributing to campus operations. Students eligible for federal work-study can expect to find positions both on and off campus, with roles ranging from administrative support to assisting academic departments.

In addition to federally funded work-study roles, Hanover College provides numerous on-campus employment options that allow students to develop job skills and manage their educational expenses. Typical positions include library aides, laboratory assistants, and event coordinators.

Internship programs at Hanover College also serve as valuable work opportunities.

Net Price

The Net Price is the total cost minus the total aid given. In other words, this is the price you have to pay to the school out of pocket. The average net price is \$22,929 per year. Your net price is a college’s cost of attendance minus the grants and scholarships you receive. The net price you pay for a particular college is specific to you because it’s based on your personal circumstances and the college’s financial aid policies. Use the college’s Net Price calculator for the most accurate estimate of your net price.

Students Receiving Financial Aid: 72.67%
Average Aid Package: \$34,022

Financial Aid Application Process

To apply for financial aid at Hanover College, students must complete the Free Application for Federal Student Aid (FAFSA). The FAFSA is used to determine a student's eligibility for federal, state, and institutional aid. Hanover College assists in meeting full tuition for admitted students who file the FAFSA by April 15, have a Student Aid Index (SAI) from -\$1,500 to \$0, and have a weighted high school GPA of at least 3.25. The award is renewable each year upon filing the FAFSA, continuing to meet the qualifying SAI and meeting Satisfactory Academic Progress.

Financial Aid Dates:

Application Due: Apr 1 The last day to apply for financial aid or turn in related paperwork.

Additional Resources

Hanover College publicizes information from various businesses, foundations, and civic organizations about scholarships offered to students. The College is not affiliated with these groups and does not endorse their products or services. Never pay a fee to apply for a scholarship.

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