Analysis
A $22,000 debt load for a bachelor's degree is manageable by any reasonable standard, but the earnings picture tells a more complex story. While the estimated first-year earnings of $35,439 sit above the national median for design programs, they're drawn from just seven comparable Indiana programs—a small sample that limits how much confidence you can place in the projection. What we do know is that Indiana's design graduates generally face tough early-career economics, with even well-regarded programs like Notre Dame and Purdue producing outcomes that suggest this field rewards specialization and networking more than pedigree alone.
The debt-to-earnings ratio of 0.62 falls within workable territory, meaning graduates would dedicate about a year's salary to paying off loans over time. However, design careers often start slowly and build through portfolio work, freelance projects, and industry connections rather than steady salary progression. Hanover's small program size (which triggers the data suppression) could mean either intimate mentorship and strong faculty relationships or limited access to industry networks and specialized equipment—the kind of distinction that matters enormously in creative fields.
For a family considering this investment, the key question isn't whether the numbers work on paper—they do, barely—but whether Hanover specifically offers the studio resources, industry connections, and alumni network in your child's particular design interest. Visit the program, review recent graduate portfolios, and ask where alumni landed their first jobs. In design, those details matter more than state averages ever will.
Where Hanover College Stands
Earnings vs. debt across all design and applied arts bachelors's programs nationally
Compare to Similar Programs in Indiana
Design and Applied Arts bachelors's programs at peer institutions in Indiana (23 total in state)
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| School | In-State Tuition | Earnings (1yr)* | Earnings (4yr) | Median Debt* | Debt/Earnings |
|---|---|---|---|---|---|
| $42,894 | $35,439* | — | $22,000* | — | |
| $62,693 | $46,825* | $65,839 | $20,250* | 0.43 | |
| $9,992 | $44,602* | $49,180 | $20,250* | 0.45 | |
| $10,758 | $36,864* | — | $22,000* | 0.60 | |
| $35,420 | $35,439* | $39,179 | $27,000* | 0.76 | |
| $39,104 | $31,921* | — | $22,000* | 0.69 | |
| National Median | — | $33,563* | — | $26,880* | 0.80 |
Career Paths
Occupations commonly associated with design and applied arts graduates
Art Directors
Special Effects Artists and Animators
Web and Digital Interface Designers
Video Game Designers
Architecture Teachers, Postsecondary
Art, Drama, and Music Teachers, Postsecondary
Fashion Designers
Commercial and Industrial Designers
Set and Exhibit Designers
Interior Designers
Graphic Designers
Artists and Related Workers, All Other
About This Data
Source: U.S. Department of Education College Scorecard (October 2025 release)
Population: Graduates who received federal financial aid (Title IV grants or loans). At Hanover College, approximately 26% of students receive Pell grants. Students who did not receive federal aid are not included in these figures.
Earnings: Median earnings from IRS W-2 data for graduates who are employed and not enrolled in further education, measured 1 year after completion. Earnings are pre-tax and include wages, salaries, and self-employment income.
Debt: Median cumulative federal loan debt at graduation. Does not include private loans or Parent PLUS loans borrowed on behalf of students.
Estimated Earnings: Actual earnings data is not available for this program (typically due to privacy thresholds when fewer than 30 graduates reported earnings). The estimate shown is based on the median of 7 similar programs in IN. Actual outcomes may vary.