Analysis
In Indiana, mathematics bachelor's programs produce a wide range of early-career outcomes, from nearly $86,000 at Rose-Hulman down to around $49,000 at Purdue's main campus. Hanover's estimated first-year earnings of roughly $59,000—derived from the state median across similar programs—land in the middle of this pack, suggesting competitive positioning for a small liberal arts college with an 84% admission rate.
The estimated $21,750 in debt puts the debt-to-earnings ratio at a manageable 0.37, meaning graduates would owe less than four months of their first year's salary. This compares favorably to both state and national norms for math degrees. Similar programs across Indiana show comparable debt levels around $22,000, while the national median sits just below that at $21,500.
The uncertainty here matters more than usual: with such a small sample that the government can't publish actual outcomes, you're making decisions based on how peer programs perform rather than Hanover's specific track record. If your student is looking at Hanover for its residential liberal arts environment and strong advising, these estimated financials suggest the math degree shouldn't be a barrier. But if they're choosing primarily for career outcomes, Indiana offers programs with proven earnings records—both higher and lower—where you'd have actual graduate data to assess.
Where Hanover College Stands
Earnings vs. debt across all mathematics bachelors's programs nationally
Compare to Similar Programs in Indiana
Mathematics bachelors's programs at peer institutions in Indiana (37 total in state)
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| School | In-State Tuition | Earnings (1yr)* | Earnings (4yr) | Median Debt* | Debt/Earnings |
|---|---|---|---|---|---|
| $42,894 | $58,764* | — | $21,750* | — | |
| $56,674 | $85,977* | $96,973 | $25,000* | 0.29 | |
| $62,693 | $65,302* | $87,725 | $19,000* | 0.29 | |
| $11,790 | $59,277* | $74,190 | $22,000* | 0.37 | |
| $8,179 | $58,764* | $55,844 | $22,388* | 0.38 | |
| $9,992 | $49,387* | — | $18,820* | 0.38 | |
| National Median | — | $48,772* | — | $21,500* | 0.44 |
Career Paths
Occupations commonly associated with mathematics graduates
Natural Sciences Managers
Clinical Research Coordinators
Water Resource Specialists
Data Scientists
Business Intelligence Analysts
Clinical Data Managers
Mathematicians
Statisticians
Biostatisticians
Mathematical Science Teachers, Postsecondary
Secondary School Teachers, Except Special and Career/Technical Education
Mathematical Science Occupations, 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.