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Financial Aid & Costs

You can afford a Hanover degree

Financial Aid & Costs

We Get It!

Paying for college is one of the most important investments you will ever make. Hanover College is committed to making college affordable and sustainable by helping parents plan with more certainty.

Here are a few things you should know:

  • Students entering in 2023 will have their TUITION LOCKED for four years!
  • Pell-eligible students from all 50 states receive full tuition through a combination of federal and state aid, merit awards and Hanover grants.
  • Hanover offers a four-year graduation guarantee.
  • 100 percent of Hanover students receive financial aid.
  • We award more than $50 million in financial aid.

Hanover College offers several kinds of aid to meet the individual needs of our students. Below, you will find the aid broken down by type: scholarships, grants and other awards, external scholarships and loans.

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Class of 2027 Billing Estimator

Student Accounts

Average amount of scholarship and grants:

*Award amount varies based on student merit, need and eligibility for other Hanover scholarships. Pell-eligible students pay $0 tuition.

Scholarships for Students Entering Fall 2023

Available to All Admitted Students:

Merit Scholarships

All students who apply for admission will automatically be reviewed for a renewable academic merit scholarship.

Weighted GPA graphic

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. If a student applies under the test-optional policy, or does not submit test scores, particular focus will be placed on the strength of the applicant’s academic curriculum.

Questions? Contact an admission counselor.

Need-Based Grants
Award NameFor ConsiderationAmountDeadline
Hanover GrantAdmission and demonstrated financial need as determined by the FAFSAVariesMarch 1
Frank O’Bannon GrantAdmission, resident of Indiana and demonstrated financial need as determined by the FAFSAVaries. Determined by the Indiana Division of Student Financial Aid. Most recent maximum $12,400 *April 15
Academic Honors AwardAdmission, resident of Indiana and recipient of Academic or Technical Honors DiplomaDetermined by the Indiana Division of Student Financial Aid. Most recent maximum $900 **April 15
21st Century ScholarshipAdmission, resident of Indiana and successful completion of the 21st Century Scholars ProgramDetermined by the Indiana Division of Student Financial Aid. Most recent $8,981 – $13,300 ***April 15
Federal Pell GrantAdmission and demonstrated financial need as determined by the FAFSAVaries. Most recent maximum $6,895Open throughout academic year

* Student must complete 24 credit hours (6 course units) per year to maintain eligibility for state aid and 30 credit hours (7.5 course units) to get higher award in future years.
** Student must earn at least a 3.0 cumulative GPA through the end of the previous award year for this award to renew.
*** Students must complete 30 credit hours (7.5 course units) per year to maintain eligibility.

Bicentennial Campus Visit Award

To celebrate our upcoming bicentennial in 2027 – the year in which students recruited now will graduate – Hanover College offers a one-time $2,027 bicentennial visit award. This award goes to all 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.

FAFSA Filer Award

Admitted students who file the FAFSA (using Hanover’s code of 001801) between the dates of October 1, 2022 and April 1, 2023 will earn an additional $2,000 award. The award is renewable each year upon filing the FAFSA and meeting Satisfactory Academic Progress.

Student Success Award

Beginning with students who entered in 2022, there will be a renewable $2,000 award for years 2-4, if they are making satisfactory academic progress and completing the appropriate activities of the Hanover College Career Center’s FutureFoundations program. This program is designed to prepare students for post-graduation success.

Competitive Scholarships:

Templeton Social Justice Leadership Program

Hanover has created the Templeton Social Justice Leadership Program in memory of Benjamin Templeton, the first African-American student to attend Hanover in 1832.

The program is designed for those who want to help create a more just world. The Templeton Social Justice Leadership Program creates the opportunity for you to explore these urgent questions of social, economic, and environmental equity, while gaining the practical skills necessary to be an effective leader for change in any community or profession.  

One of only a handful of such programs in the nation and offering a unique combination of experiences, the Templeton Program is a cohesive, intensely experiential four-year journey, combining rigorous academic studies, co-curricular activities, ongoing mentoring, and a paid internship–all focused on social justice.

Participating students receive a $2,500 renewable scholarship as part of the program. To qualify for consideration, you must have been admitted or submitted your completed application for admission to Hanover College, filed your FAFSA and completed the scholarship application by Dec. 1, 2022.

Learn more and apply

Spencer Family Scholarship for Underrepresented Students in Engineering

Each year, Hanover College will award two full-ride* scholarships to students majoring in Engineering. These students must belong to a community that is underrepresented in the field, and includes racial and ethnic minorities, women and persons with physical disabilities. Students considered for this scholarship must also be US citizens.

To be considered for selection in the application process for this scholarship, please complete the form below and apply for general admission to the College (if you have not already) no later than December 1, 2022. You will then receive instruction to upload the necessary materials for scholarship review, including: two letters of recommendation from high school teachers in the STEM disciplines, and an essay on your interest in Engineering.

Once those materials have been submitted, a scholarship committee will review all applicants and follow up regarding next steps. Select candidates will be asked to complete an interview.

*Full-ride indicates that tuition, room, board and books will all be covered by the scholarship.

Learn more and apply

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. Auditions may be completed in-person or by video.

To qualify for consideration, you must have been admitted or submitted your completed application for admission to Hanover College and complete the scholarship application by Feb. 1, 2023.

Learn more and apply

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. Interested students will be invited to audition, submit a resume or portfolio and complete a brief interview.

Awards range between $1,000 to $3,000 and are renewable each year upon continued participation in the department.

To qualify for consideration, you must have been admitted or submitted your completed application for admission to Hanover College and complete the scholarship application by Feb. 1, 2023.

Learn more and apply

Miami Nation of Indians of Indiana

Each year, Hanover will grant full-tuition awards to two incoming first-year students who are members of the Miami Nation of Indiana. The award will cover the entirety of tuition for four years. Recipients will be responsible for other college-related costs such as room, board and books.

To qualify for Hanover’s award, students must be residents of Indiana and certified by the Miami Nation of Indiana. Additionally, students must apply for admission to Hanover and complete the Free Application for Federal Student Aid (FAFSA) by December 1. Students who indicate interest in the Miami Nation of Indiana Award will then receive instructions to upload the necessary materials for review, including letters of recommendation and tribal certification.

Learn more and apply

Other Awards for Students Entering Fall 2023

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Pell Grant Promise

Hanover College assists in meeting full tuition for admitted students who file the FAFSA by April 1 and qualify for the Federal Pell Grant. The award is renewable each year upon filing the FAFSA and meeting Satisfactory Academic Progress.

Legacy 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. For this award, Hanover College considers immediate relatives as parents, grandparents, siblings, nieces, nephews, aunts, uncles and great-aunts and uncles. The award is renewable each year provided Satisfactory Academic Progress is met.

Multi-Student Award – NEW

Hanover is excited to offer an additional award to families who send additional students to Hanover. Beginning in the Fall of 2023, incoming students who are siblings of current or past students will receive an additional $2,000 renewable award. After that, any sibling that attends in the future will continue to receive this $2,000 renewable award.

Lilly Scholars Promise

The Lilly Endowment Community Scholarship provides a 4-year, full-tuition scholarship to selected students from each Indiana county. 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 room and board. Hanover will also fully fund a May term off-campus experience.

This scholarship is extended to Lilly Endowment Scholars, beginning with the Hanover College Class of 2022. Lilly Scholars will still be required to make a $300 enrollment deposit.

KEES Scholarship Award

Hanover College matches the Kentucky Educational Excellence Scholarship (KEES) earned by all admitted Kentucky students. The award is renewable each year provided Satisfactory Academic Progress is met.

Austin E. Knowlton Memorial Scholarship

Hanover College awards a $5,000 scholarship to one first-year student from Ohio, with the intent to study mathematics or a related field. It is renewable for each year of attendance at Hanover College. The scholarship is funded through the Austin E. Knowlton Foundation.

Heroes Scholarship – NEW

To show appreciation to our fallen heroes – children of those who died in the line of duty in the military, police or emergency workers – will receive an award up to full tuition. We hope this will ease the burden of families who have made the ultimate sacrifice. Please note that appropriate documentation from the Federal and/or State government will be required.

First 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, 2023. Scholarship applicants are not required to have been admitted by Hanover College at the time they apply, but must be admitted to the College to be selected.

Scholarship recipients are not required to major in a science, math or technology-related program.

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. First year college students are not eligible for this scholarship.

SAGE Scholars Tuition Rewards

Hanover College has partnered as a member in the Tuition Rewards program, sponsored by SAGE Scholars (Savings and Growth for Education), an independent organization.

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. Tuition Rewards are provided regardless of the income or assets of the student or the student’s family.

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. Statements submitted after Hanover has prepared a financial aid package for a student may invalidate the use of Tuition Rewards.

External Scholarships for New and Returning Students

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. We do our best to investigate all scholarships listed on our webpage, but we encourage you to be diligent in protecting your personally identifiable information. The links are active at the time the information was received. If you find a link not working, please try to search by the name of the scholarship and also alert our office.

Below is a sample format letter for inquiring about private student aid funds or for applying for outside scholarships. You must first identify foundations, companies, or agencies that offer assistance, and then submit according to any guidelines they provide well in advance of their published deadlines

All financial awards designated for tuition (institutional scholarships/grants, Pell grant, Indiana state grants, and outside scholarships), may not exceed the cost of tuition in an academic year.


Let’s face it, no one likes to borrow money. But sometimes, a small loan can get you over the financial hump and make college a reality.

Learn more about Federal Direct and Plus Loans.

Helpful Tools and Videos

Take out the guess work and get a customized financial package built just for you. Apply today.

Still Have Questions?

Feel free to contact the Office of Student Financial Services via email financialservices@hanover.edu or call 1-800-213-2178. You may also schedule your appointment online or check out our FAQs page!

Financial Aid Academic Progress Requirements

Financial Aid Satisfactory Academic Progress Policy (PDF)
Satisfactory Academic Progress Appeal Form (PDF)

Consumer Info

Financial Aid Consumer Info


Heather Buhr '95 Director of Student Financial Services 812-866-7029 buhr@hanover.edu View Profile

Richard Nash Associate Director of Student Financial Services - Systems and Processing 812-866-7091 nash@hanover.edu View Profile

Michele Pennington Associate Director of Student Financial Planning 812-866-7041 pennington@hanover.edu View Profile

Garnet Tipton Director of Graduate Student Services 812-866-7105 tipton@hanover.edu View Profile