Let N be a compact, orientable hyperbolic 3-manifold with ∂N a connected totally geodesic surface of genus 2. If N has Heegaard genus at least 5, then its volume is greater than 6.89. The proof of this result uses the following dichotomy: either the shortest return path (defined by Kojima-Miyamoto) of N is long, or N has an embedded codimension-0 submanifold X with incompressible boundary T ∂N , where T is the frontier of X in N , which is not a book of I-bundles. As an application of this result, we show that if M is a closed, orientable hyperbolic 3-manifold with dim Z2 H 1 (M ; Z 2 ) ≥ 5, and if the cup product mapZ 2 ) has image of dimension at most one, then M has volume greater than 3.44.