Student Outcomes
- Graduation Rate (4-year)
- 66.2%
- Graduation Rate (6-year)
- 63.6%
- Retention Rate
- 83.2%
- Median Earnings (10 years after entry)
- $53,957
- Median Debt at Graduation
- $25,250
- Student-to-Faculty Ratio
- 11:1
- Loan Repayment Rate
- 71.2%
- Estimated Monthly Loan Payment
- $268/mo
Earnings by Major
Top programs ranked by median earnings
| Program | Level | Median Earnings | Median Debt |
|---|---|---|---|
| Economics. | Bachelor | $48,823 | $26,898 |
| Sociology. | Bachelor | $39,729 | |
| Geological and Earth Sciences/Geosciences. | Bachelor | $39,369 | |
| Political Science and Government. | Bachelor | $38,313 | |
| Chemistry. | Bachelor | $38,289 | |
| Communication and Media Studies. | Bachelor | $37,424 | $27,000 |
| Teacher Education and Professional Development, Specific Levels and Methods. | Bachelor | $35,810 | |
| Health and Physical Education/Fitness. | Bachelor | $30,988 | $26,954 |
| History. | Bachelor | $30,771 | |
| Psychology, General. | Bachelor | $26,353 | $27,000 |
| English Language and Literature, General. | Bachelor | $25,194 | |
| Biology, General. | Bachelor | $19,045 | $27,000 |
Outcomes Overview
Hanover graduates earn a median of $53,957 ten years after graduation, creating a debt-to-earnings ratio of 47% with typical debt of $25,250. Monthly loan payments of $268 consume about 6% of post-graduation income, which sits below concerning thresholds. The college's 97.9% employment rate reflects its strong career services and alumni network throughout the Midwest. Many graduates enter business, education, and nonprofit sectors where Hanover's liberal arts foundation proves valuable. While the 63.6% six-year graduation rate lags behind top liberal arts colleges, those who complete their degrees generally find stable employment. The financial return represents an average investment for a private liberal arts education.