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Hanover College vs Manchester University: which has better ROI?

Private nonprofit, Hanover IN · vs · Private nonprofit, North Manchester IN

The verdict

Hanover College has the better ROI: it clears its 4-year net cost of $87,316 in 15.6 years versus 23.9 years at Manchester University, on median earnings of $53,957 vs $51,504 ten years out. (Scorecard, 2026 · our math.)

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Head to head
MeasureHanover CollegeManchester University
Net price / yr$21,829$18,805
Total net cost$87,316$75,220
Median earnings, 10 yrs$53,957$51,504
Median debt$25,250$26,854
Payback15.6 yrs23.9 yrs
20-year net return$24,624-$12,340

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

Which is cheaper, Hanover College or Manchester University?

Manchester University, at $18,805 a year after aid versus $21,829 — a gap of $3,024 a year, or $12,096 across the full degree. These are net prices after grants and scholarships, not sticker prices, so they reflect what an aided student pays.

Do Hanover College or Manchester University graduates earn more?

Hanover College graduates report a median $53,957 ten years after entry, $2,453 more than the $51,504 at Manchester University. 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.

Which leaves students with less debt, Hanover College or Manchester University?

Hanover College: its completers carry a median $25,250 in federal loans versus $26,854 at Manchester University, a difference of $1,604. The figure counts students who finished; it excludes private loans and anyone who left before graduating.

Which graduates more of its students?

67% of students finish at Hanover College, against 46% at Manchester University. 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.

Hanover College vs Manchester University: frequently asked questions

Is Hanover College or Manchester University a better value?
Hanover College. It clears its $87,316 net cost in about 15.6 years versus 23.9 years at Manchester University, on median earnings of $53,957 vs $51,504 ten years out.
Which is cheaper, Hanover College or Manchester University?
Manchester University: $18,805/yr net price after aid versus $21,829/yr at Hanover College — a difference of $3,024 a year, or about $12,096 over four years.
Do Hanover College or Manchester University graduates earn more?
Hanover College graduates earn a median $53,957 ten years after entry, versus $51,504 at Manchester University — a $2,453 gap. This blends every major, so a specific field can flip it.