by our College Data Analytics TeamMost students will never be charged the advertised price of a school. Instead, they will be provided a financial aid package that will include a combination of scholarships, grants, loans, and work-study. The price tag of going to Malone University can appear overwhelming, but bear in mind that many students obtain some kind of financial aid.
What financial assistance options will Malone offer, and what will you qualify for? Read on for more information. Scroll down to find out just how much financial aid will be open to you.
Eligibility for aid and scholarships is driven mostly by your household’s income and need. Read on to get a sense of the financial assistance available at Malone University.
Financial aid, in the form of loans, grants, work-study, and scholarships, is one way colleges reduce the cost of attendance so most students can actually afford to attend. Bear in mind that not all aid is equal, and the amount any one student receives can vary widely.
Looking at the entering class at Malone University, 100% of first-year full-time students received aid of some kind (about 218 incoming students).
| Type of Aid | % of Freshmen Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 100% | $27,261 |
| Institutional grants & scholarships | 100% | $23,728 |
| Federal Pell grants | 39% | $4,895 |
| State/local grants | 29% | $4,425 |
| Federal student loans | 72% | $5,579 |
Grants and scholarships are the most valuable form of aid because, unlike loans, they never have to be repaid. At Malone, some 81% of undergraduates were awarded an average grant or scholarship of $27,656 (among about 799 students).
| Award | % of Undergrads Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 81% | $27,656 |
| Federal Pell grants | 33% | $5,175 |
| Federal student loans | 59% | $6,582 |
Title-IV recipients living on campus saw average grant aid of $28,806.
The figures below show the average net price — cost after all grant and scholarship aid — broken out by family income.
| Family Income | Average Net Price |
|---|---|
| $0 – $48,000 | $16,861 |
| $30,001 – $75,000 | $20,057 |
| Over $75,000 | $26,424 |
The numbers above are post-aid net prices, so they already account for grants and scholarships.
The net price strips out grant and scholarship aid from the sticker price to show roughly what families really pay.
| Cohort | Average Net Price |
|---|---|
| On-campus title-IV students | $20,948 |
| Off-campus title-IV students | $22,881 |
For a customized cost estimate, visit Malone’s net price calculator: www.malone.edu/admissions-aid/financial-aid-scholarships/net-price-calculator/.
The middle student in the debt distribution at Malone owes $20,515 in federal loans.
| Metric | Amount |
|---|---|
| Median federal debt (all student-aid borrowers) | $20,515 |
| Median federal debt (graduates only) | $26,289 |
| Typical 10-year monthly payment (graduates) | $278.71/mo |
Spreading the median graduate debt over a standard 10-year repayment schedule works out to roughly the monthly payment shown above.
Looking only at the median can be misleading because it hides the spread. The figures below chart the debt distribution at Malone.
| Percentile | Cumulative Federal Debt |
|---|---|
| 10th percentile (lowest-debt students) | $3,750 |
| 25th percentile | $8,250 |
| 75th percentile | $27,000 |
| 90th percentile (highest-debt students) | $34,000 |
How much a student borrows depends heavily on family income, first-gen status, and dependency.
By Family Income
| Income tier | Median federal debt |
|---|---|
| Low income | $18,750 |
| Middle income | $21,673 |
| High income | $21,500 |
First-Gen vs Continuing-Gen Median Debt
| Cohort | Median federal debt |
|---|---|
| First-generation students | $21,237 |
| Continuing-generation students | $19,500 |
By Dependency Status
| Cohort | Median federal debt |
|---|---|
| Dependent students | $21,673 |
| Independent students | $17,191 |
The Department of Education computes summary indicators that describe debt outcomes at a glance. Malone.
The Stafford loan program is the largest source of federal direct loans to undergraduates. These figures summarize annual Stafford program activity at Malone:
| Metric | Value |
|---|---|
| Stafford loan recipients | 8719 |
| Total Stafford loan amount | $177,791,542 |
GI Bill and DoD Tuition Assistance are the two federal aid programs targeted at military-affiliated students.
GI Bill volume
| Metric | Value |
|---|---|
| GI Bill recipients | 17 |
| Total GI Bill amount | $295,205 |
| Average GI Bill amount per recipient | $17,365 |
Active-duty Tuition Assistance recipients
| Metric | Value |
|---|---|
| DoD Tuition Assistance recipients | 1 |
| Total DoD amount | $250 |
| Average DoD amount per recipient | $250 |
References
More about our data sources and methodologies.