How Hanover's Financial Aid Changes

All Undergraduate Students Financial Aid Over Time

The following table and chart show the trends of financial aid for all undergraduate students at Hanover College since 2013.

For that period, the average number of students who received grants aid/scholarships is 1,090, which is 99.11 % of all undergraduate students. 661 students which is 59.89% of undergraduate students received federal student loans and the average loan amount is $6,615.

Year	Grant or Scholarship^*		Pell Grants		Federal Student Loans
Year	Number Received (percent^**)	Average Amount	Number Received (percent^**)	Average Amount	Number Received (percent^**)	Average Amount
2013-14	1,158 (100%)	$21,847	376 (32%)	$4,210	787 (68%)	$6,973
2014-15	1,137 (99%)	$23,422	350 (31%)	$4,344	742 (65%)	$6,947
2015-16	1,129 (100%)	$24,667	351 (31%)	$4,306	727 (64%)	$6,788
2016-17	1,086 (100%)	$25,968	301 (28%)	$4,367	679 (62%)	$6,689
2017-18	1,088 (100%)	$28,066	332 (30%)	$4,437	663 (61%)	$6,550
2018-19	1,104 (100%)	$28,154	343 (31%)	$4,588	640 (58%)	$6,367
2019-20	1,068 (100%)	$30,343	323 (30%)	$4,756	605 (57%)	$6,551
2020-21	1,040 (100%)	$31,660	304 (29%)	$4,625	556 (53%)	$6,257
2021-22	1,002 (93%)	$32,550	277 (26%)	$4,550	549 (51%)	$6,413
Average	1,090 (99.11%)	$27,409	329 (29.78%)	$4,465	661 (59.89%)	$6,615

Freshmen (First-time, Full-time Undergraduate) Financial Aid Over Time

Overview

For the last 10 years, on average, 308 (99.44 % of students) received grants or scholarships and its average amount is $27,237. It can cover 64.88% of tuition & fees ($41,983).

In addition, 203 (65.67 % of students) students get helped from the students loans (average amount : $6,332).

Year	Grants or Scholarships^*		Student Loans
Year	Number Received (percent^**)	Average Amount	Number Received (percent^**)	Average Amount
2013-14	337 (100%)	$21,615	247 (73%)	$6,399
2014-15	285 (97%)	$24,519	193 (66%)	$6,939
2015-16	302 (99%)	$24,486	194 (64%)	$6,928
2016-17	308 (100%)	$26,000	204 (66%)	$6,965
2017-18	342 (100%)	$28,081	216 (63%)	$6,982
2018-19	356 (100%)	$29,314	213 (60%)	$5,450
2019-20	287 (99%)	$30,511	178 (62%)	$7,443
2020-21	282 (100%)	$31,957	151 (53%)	$7,433
2021-22	275 (100%)	$28,650	232 (84%)	$2,452
Average	308 (99.44%)	$27,237	203 (65.67%)	$6,332

^*Grant or scholarship aid includes aid received, from the federal government, state or local government, the institution, and other sources known by the institution.

^**percentage of number of students receiving aids among all undergraduate students.

Grants/Scholarship

The following table shows the trends of grants or scholarships over time. For the last 10 years, on average, 97 (31.11 % of students) received Pell (federal) grants and its average amount is $4,204.

In addition, 84 students received State/local government grants/scholarships (27.11 % of students).

Year	Federal (Pell) Grants		Other Federal		State/Local government		Institutional
Year	Number Received (percent)	Average Amount	Number Received (percent)	Average Amount	Number Received (percent)	Average Amount	Number Received (percent)	Average Amount
2013-14	101 (30%)	$4,442	-	-	70 (21%)	$5,617	337 (100%)	$19,117
2014-15	97 (33%)	$4,326	1 (0%)	$1,500	90 (31%)	$5,591	285 (97%)	$21,276
2015-16	100 (33%)	$4,312	10 (3%)	$1,408	93 (31%)	$5,961	302 (99%)	$21,177
2016-17	83 (27%)	$4,230	1 (0%)	$1,500	78 (25%)	$6,282	308 (100%)	$23,264
2017-18	114 (33%)	$4,376	34 (10%)	$1,431	102 (30%)	$7,436	342 (100%)	$24,262
2018-19	123 (35%)	$4,566	51 (14%)	$1,566	100 (28%)	$7,157	356 (100%)	$25,502
2019-20	100 (35%)	$4,889	40 (14%)	$1,526	95 (33%)	$7,452	287 (99%)	$26,129
2020-21	93 (33%)	$4,475	27 (10%)	$1,222	80 (28%)	$6,747	281 (99%)	$28,551
2021-22	59 (21%)	$2,223	31 (11%)	$1,076	46 (17%)	$3,220	275 (100%)	$27,513
Average	97 (31.11%)	$4,204	24 (10.33%)	$1,404	84 (27.11%)	$6,163	308 (99.33%)	$24,088

^*Grant or scholarship aid includes aid received, from the federal government, state or local government, the institution, and other sources known by the institution.

^**percentage of number of students receiving aids among all undergraduate students..

Student Loans

The following table describes number of students and average amount of loans by loan type. The following table shows the trends of grants or scholarships over time.

For the last 10 years, on average, 203 (65.67 % of students) get any students loan help and its average loan amount is $203.

Year	Total		Federal student loans		Other student loans
Year	Number Received (percent)	Average Amount	Number Received (percent)	Average Amount	Number Received (percent)	Average Amount
2013-14	247 (73%)	$6,399	219 (65%)	$5,765	28 (8%)	$11,355
2014-15	193 (66%)	$6,939	191 (65%)	$5,693	27 (9%)	$9,328
2015-16	194 (64%)	$6,928	192 (63%)	$5,599	31 (10%)	$8,673
2016-17	204 (66%)	$6,965	202 (66%)	$5,443	51 (17%)	$6,301
2017-18	216 (63%)	$6,982	206 (60%)	$5,505	32 (9%)	$11,695
2018-19	213 (60%)	$5,450	210 (59%)	$5,168	7 (2%)	$10,811
2019-20	178 (62%)	$7,443	175 (61%)	$5,498	28 (10%)	$12,954
2020-21	151 (53%)	$7,433	147 (52%)	$5,348	23 (8%)	$14,620
2021-22	232 (84%)	$2,452	204 (74%)	$1,626	28 (10%)	$8,469
Average	203 (65.67%)	$6,332	194 (62.78%)	$5,072	28 (9.22%)	$10,467

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Scholarships, Grants, and Loan Trends at Hanover

All Undergraduate Students Financial Aid Over Time

Freshmen (First-time, Full-time Undergraduate) Financial Aid Over Time