In 2022, Malone University's tuition was $34,800 a year.
In 2023, tuition increased 3.59%–from $33,595 the prior year. Usually, colleges raise tuition about 3% each year.
If this makes attending the college of your dreams feel scary, remember, the total cost of tuition isn't necessarily what you will have to pay to attend a school. Many students find the actual cost of college is way less than the sticker price after grants, scholarships, and tuition discounts are applied. Additionally, student loans can make theprice of collegemore manageable until you've finishing school and found a job.
Malone University meets 31.25% of the demonstrated financial need for undergraduates. The average financial aid package for a full-time, first-year student at Malone University is around $28,536 a year.
Students in the class of 2023 who had taken out student loans graduated with an average of $30,239 of debt.
Malone University is a private, religious institution, so it has the same tuition for residents of Ohio as it does for students who live in other states.
Public schools receive funds from the state to help them cover costs. These institutions offer a lower cost of attendance for those who qualify as Ohio residents.
Choosing a college where you qualify for in-state tuition can cut the cost of college tuition. Be sure to verify your state's guidelines for how to qualify for in-state residency. Each state has different requirements to qualify as in-state resident. Most states require students to have resided in the state for a certain period of time before qualifying. There may be other criteria as well, depending on the state you and your parents currently reside in.
Malone University has the same tuition for international students as for those from out of state.
International students are not eligible for federal financial aid, but should research private or school-specific aid and scholarships. International students with need may qualify for the following types of financial support at Malone University:
•On-campus jobs •Malone University-specific loans •Malone University-specific scholarships
International students without financial need may be eligible for merit-based institutional scholarships and athletic awards.
In addition to tuition, room and board, books, transportation and fees are also costs it consider when budgeting for college. Let's take a look at what impacts these costs, and what to expect at Malone University.
Room and board at Malone University is $11,290 a year. This number includes the cost of living in dorms or other on-campus housing, and a meal plan that allows you to eat all or some of your meals the Malone University's on-campus cafeterias and dining halls.
Meal-plan costs can depend on the number of meals you intend to eat on-campus
First-year students are sometimes surprised by how much books and supplies cost–and not in a good way. The actual cost of books depends on the courses you take and the materials required. To save money, many students choose to use books from the library or buy used textbooks and materials.
Most schools charge some yearly fees to offsets cost associated with maintaining facilties, like the library, gym and computer labs.
Keep in mind, there could also be optional fees associated with participating in certain activities, like Greek Life, or playing on an intramural sports team. Many schools offer resources for students who may struggle to participate because of cost can find ways to lower or eliminate these costs.
The cost of getting around in college depends on a few key factors. Will you take a subway, car or an airplane to get to school? Is on-campus parking free, or will you need to budget for parking? Is the campus walkable? Do you plan to bring a car or are you planning to use public transportation? All of these questions can drastically impact your estimated cost of transportation. Keeping in mind, first-year students are allowed to park a car on campus.
Where are a college is located can impact the amount you'll have to spend just to get around. Small, rural schools may be easier to get around, but the cost of getting to campus may be higher. On the other hand transportation in a city may be costly, but there may be more trains, busses or affordable flights to actually get to school. The Malone University campus is in a suburb in Ohio, near Cleveland.
When you're planning for college, be sure to consider personal expenses, like going out to eat or see shows, furnishing your living space, and things like haircuts, clothes and, yes, even toilet paper and shampoo.
Now, let’s do a rundown of all of the costs associated with college, to get a better idea of the actual cost of attending Malone University.
What will the cost of attending Malone University be? Here is a breakdown of tuition and expenses.
|2023 Total Tuition and Expenses
|Room and Board
The total estimated cost will vary depending on whether you are going to live on-campus or off-campus.
|Total Estimated Costs
The breakdowns above provide a good estimate of the total cost of attendance before financial aid and scholarships. Tuition and fees may vary depending on program, course level, location, and more.
Malone University’s tuition and fees change based on: •Course load for part-time students
The majority of Malone University undergrads use financial aid to help pay for school. In 2023, 638 of the 947 undergrads enrolled received financial aid. Malone University meets 31.25% of the demonstrated financial need for undergraduates.
The average financial aid package for a full-time, first-year student is around $28,536 a year. Around 76% of Malone University undergrads take out student loans to cover any remaining costs. Malone University graduates who have student loans graduate with an average of $30,239 of student loan debt.
The average debt for each loan type varies.
|Average Debt By Loan Type
|Malone University-Specific Loans
|Most Common Loans for Malone University Students
Most students take out institutional or government loans, because they tend to have lower interest rates and more flexible repayment options than private loans. Loans from the federal government can be subsidized or unsubsidized. Subsidized loans do not accrue interest during school, while unsubsidized loans begin accruing interest at the time the loan is issued. If students do no qualify for enough federal loans to cover the cost of tuition, some take out private loans. Parents can also take out ParentPLUS loans, which are government loans for parents who are helping their children pay for college.
The Free Application for Federal Student Aid (FAFSA) helps colleges determine how much financial need students and their familes have, so they can offer a financial aid package that meets, or come close to meeting, their need. For more information on Malone University financial aid, keep reading, or visit their financial aid website.
Some students may receive grants and scholarships to help pay for college. Unlike loans, scholarships and grants do not have to be paid back.
In 2023, Malone University awarded 637 need-based scholarships to students, giving away total of $14 million to help students with financial need cover the cost of school. An additional $2.42 million in merit-based scholarship money was awarded to students without demonstrated financial need.
The net price of college is the actual cost of attending a school for one year. Net cost is calculated by subtracting any scholarships, grants or other aid that does not need to be paid back from the total cost. Student loans are not part of the calculation, because they need to be repaid.
Now that we have a sense of the total estimated costs for Malone University students, we can subtract the average financial aid package to find the estimated net cost. Net cost can vary depending on a students’ need and the financial aid award received.
When considering whether a school fits your budget, it is important to consider the estimated net cost, not just the sticker price of tuition. Often, schools with the highest tuition also offer the most generous aid packages, so estimate your net cost before eliminating a school because it does fit your budget.
The average amount of financial aid received by a full-time first year student with demonstrated need at Malone University was $28,536 in 2023. By substracting the average financial aid package from the estimated costs, we get a number that may make the cost of Malone University seem more manageable.
|Estimated Net Cost for Full-Time Students
What will attending Malone University really cost you? The answer depends on several factors.
As of 2011, colleges are required to have a net price calculator on their website to help prospective students and their families get a better idea of the actual cost of attending that school, based on their financial situation. You can find the Malone University's net cost calculator on their website.
Some students choose to use payment plans to make the cost of tuition fit more comfortably in their budget.
Malone University does not have guaranteed tuition.
Malone University offers an Installment Payment Plan, which allows students to pay tuition in a series of smaller chunks instead of one lump sum.
Schools sometimes waiver tuition for certain groups, to make attending more affordable. Some colleges offer tuition waivers for faculty, staff, and their families , underrepresented students, or military students. Even with a tuition waiver, other expenses and fees are the responsibility of the student.
Malone University has some full or partial tuition waivers available for: - Employees or Children of Employees
Check the financial aid website for more information on payment plans and tuition waivers.
An endowment is the total value of a school's investments, donations, and assets. Endowment is not necessarily an indicator of the quality of a school, but it can give you a sense of how much money a college can afford to invest in expanding programs, improving facilities, and supporting students.
As of 2022, the total market value of Malone University's endowment was $21.7 million. The average college endowment was $905 million in 2021. For each full-time student, Malone University spends about $8,328 a year.
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