Hanover College Tuition 2024| The College Monk

$36,900

Tuition

$51,950

Cost of Attendance

$21,548

Net Price

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Hanover College Tuition and Fees

Hanover College is known for offering a wide range of undergraduate programs in a variety of streams, providing excellent training to students. Compared to the tuition fees charged at most institutions, the expense of education at HC is quite moderate. The average annual cost for students opting to pursue undergraduate programs at the college is estimated to be around $38,750, based on 2020 - 2021 official information. This amount includes the total tuition fees as well as other expenses. While housing costs $11,950, the charges for books and supplies and other expenses stand at $1,200 and $1,500, respectively.

Total Cost of Attendance

Student type	In-state	Out-State
Tuition & Fees	$37,670	$37,670
Book & Supplies	$1,200	$1,200
Room & Board cost	$11,580	$11,580
Other Expenses	$1,500	$1,500
Total Cost of Attendance	$51,950	$51,950

Coming to the cost of attendance, students need to understand that the tuition fee is just a single aspect of the expenses that come under the overall cost of attending the university. There are several other expenses that are involved in the cost of attending the university, which primarily includes housing, dining, textbooks, supplies, and the cost of living. What's more, at Hanover College, the total tuition and fees for the enrolled students come out to be around $38,750 in a year. In addition, the students will be needed to pay an average expense of $1,200 for books and supplies, $11,950 toward room and boarding, and $1,500 for different other expenses in a year. So, the overall cost of attending HC comes out to be about $53,400 per year, according to the most recent information available.

Average Net Price by Family Income

Net Price

$21,548

Family Income

Avg. Net Price

$0 to $30,000

$14,358

$30,001 to $48,000

$17,479

$48,001 to $75,000

$20,486

$75,001 to $110,000

$23,408

$110,000+

$26,645

The net cost of attending Hanover College – the actual amount that students and their families are required to pay in a given year – varies depending on the candidate's annual family income. Generally, the higher the family income of the candidate, the higher is the net amount to be paid. While the actual net cost is subject to one’s family income bracket, the average net price is estimated to be $22,376 at HC. For students with a family income below $30,000, the estimated net price is $16,539, while for the individuals who fall in the $30,001-$48,000 income bracket, the net cost is $15,481. On the other hand, an estimated net cost of $19,171 is charged for the $48,001-$75,000 income bracket, $24,545 for the $75,001-$110,000 income category, and $25,832 for an annual family income more than $110,000.

Student Loans

Example Loans

$73,860

Stafford Loan Interest

4.5%

Time to Pay off Student Loan

10 years

Example monthly payment

$767

Total interest paid

$18,121

Sum of Loan Payments

$91,981

To have a realistic understanding of how much it will cost to study at Hanover College here is an example one can consider to estimate the payment amounts one will incur with a student loan. Take a loan of $73,860 for example. This will result in a $9,198 payment to be made each year. We can assume that the interest rate is 4.5% post any refinancing or consolidation activities with a 10 years repayment plan. Then the total payment made towards the loan is $91,981 which is $18,121 in addition to the principal amount, which constitutes the interest payment made throughout the life of the loan.

Undergraduate Tuition and Fees

Student type	In-state	Out-State
Tuition & Fees	$37,670	$37,670
Room & Board Cost	$11,580	$11,580
Total Tuition & Fees	$49,250	$49,250

At Hanover College, the tuition and fees for students who are pursuing undergraduate courses are estimated to be around $38,750 in a year. They would also be required to pay around $11,950 for their room and boarding expenses. In this way, for one year, the total cost for undergraduate students comes to around $53,400.

Cost Per Credit Hour

Degree	Year	Cost per Credit hour
Graduate	2018 - 2019	N/A
Undergraduate	2018 - 2019	$1,025

The total program cost divided by the total number of credit hours of the program – also called cost per credit hour – that the student has to pay to attend Hanover College varies for graduate and undergraduate courses. The students, who enroll for graduate courses, will have to bear a cost per credit hour of $298. Also, Hanover College currently offers a number of online courses to students across 38 different majors.

Campus Housing Expenses

Housing & other expenses	On Campus	Off Campus
Room & Board	$11,580	$11,580
Other Expense	$1,500	$1,500
Book & Supplies	$1,200	$1,200

As far as the housing and related charges are concerned, these expenses remain the same for both on-campus or off-campus candidates at HC. To note, students have to pay $13,450 per year toward these facilities. On the other hand, the room and board charges that the students have to pay total around $11,950 per year. On the other hand, the charges toward books and supplies come to around $1,200. Meanwhile, the other expenses that a student needs to plan for add up to $1,500.

Campus Housing Expenses

Housing & Other Expenses

Room & Boards

On Campus

$11,580

Off Campus

$11,580

Housing & Other Expenses

Other Expenses

On Campus

$1,500

Off Campus

$1,500

Housing & Other Expenses

Book & Supplies

On Campus

$1,200

Off Campus

$1,200

Projected Price for a 4 year degree

A four-year undergraduate course as well as living expenses at HC are projected to cost around $268,622 as per official data. To note, the total expenses for undergraduate students stood at $22,376 for 2018-2019, $21,548 for 2017-2018, and $22,455 for 2016-2017.

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