Hanover faces same challenges as public schools
Thursday, November 15, 2012 10:00 AM
We hear much about the financial struggles public universities are having, but not so much about the nation's private institutions of higher learning.
The truth is that money is tight for all schools - public and private.
Hanover College is in the middle of a $34 million capital campaign.
The college has received $19,605,382 during the initial 18 months of its Live Our Loyalty campaign.
Hanover President Sue DeWine announced the achievement during a public unveiling of the $34 million campaign at Hanover's Homecoming celebration.
The college said that the three-year campaign "will strengthen Hanover's liberal arts education through innovative curriculum proposals, expand student social activities, improve the experience for the student-athlete, support talented students with scholarships and increase the number of students studying abroad."
All of this is being done with Hanover setting a goal of having an enrollment of 1,200 students by 2014 and 1,400 by 2016.
"The progress of the Live Our Loyalty campaign is unprecedented with regard to the extent to which it involved our entire community," DeWine said.
The campaign addresses five areas:
A goal of $11.75 million will be used to strengthen international study and the Business Scholars Program.
$8 million will provide the scholarship resources to recruit and support outstanding students from varying populations.
$6 million to build competitive outdoor athletic facilities to support recruitment of student-athletes.
$5 million to improve campus social and co-curricular life including renovations of the student dining areas and the student activities center.
$3 million to help support The Hanover Fund, which provides annual resources to augment the college's operations budget.
Hanover College has shown a success rate to support the initiative.
In the past three years, Hanover's first-year classes have increased in size by 42 percent, while retention rates from first-year to second-year enrollment and graduation rates are at an all-time high. The percent of students of color and international students has increased from 5 to 15 percent of the incoming class. In addition, an average of 30 percent of the college's graduates in the past two years went to graduate or professional schools, which is among the highest rates in Indiana.
Hanover College has taken on an ambitious program. With the support of community and alumni we're confident that challenge will be met.