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Head-to-head comparison

University of Indianapolis vs Hanover College: which has better ROI?

Private nonprofit, Indianapolis IN · vs · Private nonprofit, Hanover IN

By the Degree Dividend editorial data teamEvery figure verified against its federal source — methodologyData updated June 2026

Option A Indianapolis, IN

University of Indianapolis

Net price / year
$21,602
Earnings, 10 years
$53,610
Payback
16.5 yrs

Option B Hanover, IN

Hanover College

Net price / year
$21,829
Earnings, 10 years
$53,957
Payback
15.6 yrs
The verdict

Hanover College has the better ROI: it clears its 4-year net cost of $87,316 in 15.6 years versus 16.5 years at University of Indianapolis, on median earnings of $53,957 vs $53,610 ten years out. (Scorecard, 2026 · our math.)

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Head to head
MeasureUniversity of IndianapolisHanover College
Net price / yr$21,602$21,829
Total net cost$86,408$87,316
Median earnings, 10 yrs$53,610$53,957
Median debt$26,864$25,250
Payback16.5 yrs15.6 yrs
20-year net return$18,592$24,624

College Scorecard (2026), institution-level · payback and returns are our math. Figures blend all majors.

The short answer

Which is cheaper, University of Indianapolis or Hanover College?

University of Indianapolis, at $21,602 a year after aid versus $21,829 — a gap of $227 a year, or $908 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 University of Indianapolis or Hanover College graduates earn more?

Hanover College graduates report a median $53,957 ten years after entry, $347 more than the $53,610 at University of Indianapolis. 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, University of Indianapolis or Hanover College?

Hanover College: its completers carry a median $25,250 in federal loans versus $26,864 at University of Indianapolis, a difference of $1,614. 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 56% at University of Indianapolis. 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.

University of Indianapolis vs Hanover College: frequently asked questions

Is University of Indianapolis or Hanover College a better value?
Hanover College. It clears its $87,316 net cost in about 15.6 years versus 16.5 years at University of Indianapolis, on median earnings of $53,957 vs $53,610 ten years out.
Which is cheaper, University of Indianapolis or Hanover College?
University of Indianapolis: $21,602/yr net price after aid versus $21,829/yr at Hanover College — a difference of $227 a year, or about $908 over four years.
Do University of Indianapolis or Hanover College graduates earn more?
Hanover College graduates earn a median $53,957 ten years after entry, versus $53,610 at University of Indianapolis — a $347 gap. This blends every major, so a specific field can flip it.