Head-to-head comparison
Hanover College vs Goshen College: which has better ROI?
Option A Hanover, IN
Hanover College
- Net price / year
- $21,829
- Earnings, 10 years
- $53,957
- Payback
- 15.6 yrs
Option B Goshen, IN
Goshen College
- Net price / year
- $14,493
- Earnings, 10 years
- $51,943
- Payback
- 16.2 yrs
Hanover College has the better ROI: it clears its 4-year net cost of $87,316 in 15.6 years versus 16.2 years at Goshen College, on median earnings of $53,957 vs $51,943 ten years out. (Scorecard, 2026 · our math.)
| Measure | Hanover College | Goshen College |
|---|---|---|
| Net price / yr | $21,829 | $14,493 |
| Total net cost | $87,316 | $57,972 |
| Median earnings, 10 yrs | $53,957 | $51,943 |
| Median debt | $25,250 | $22,974 |
| Payback | 15.6 yrs | 16.2 yrs |
| 20-year net return | $24,624 | $13,688 |
College Scorecard (2026), institution-level · payback and returns are our math. Figures blend all majors.
The short answer
Which is cheaper, Hanover College or Goshen College?
Goshen College, at $14,493 a year after aid versus $21,829 — a gap of $7,336 a year, or $29,344 across the full degree. These are net prices after grants and scholarships, not sticker prices, so they reflect what an aided student pays.
The short answer
Do Hanover College or Goshen College graduates earn more?
Hanover College graduates report a median $53,957 ten years after entry, $2,014 more than the $51,943 at Goshen College. Both are institution-wide medians from federal tax records, so a high-paying major at the lower school can beat the average at the higher one.
The short answer
Which leaves students with less debt, Hanover College or Goshen College?
Goshen College: its completers carry a median $22,974 in federal loans versus $25,250 at Hanover College, a difference of $2,276. The figure counts students who finished; it excludes private loans and anyone who left before graduating.
The short answer
Which graduates more of its students?
67% of students finish at Hanover College, against 65% at Goshen College. Completion matters to the ROI arithmetic because a degree that is never finished still carries its cost and its debt, but earns none of the graduate premium above the $48,360 high-school baseline.