$4,845

Avg. Federal Grant

$5,836

Avg. Federal Loan

$22,809,163

Total Aid Awarded

Malone University Financial Aid and Scholarships

Students Receiving Aid Percent of Students Receiving Financial Aid.

84%

Total Aid Amount Average Total Aid Awarded per year.

$22.809M

Financial Aid Official Website

https://www.malone.edu/admissions-aid/financial-aid-scholarships/

In order to make the University courses a bit more affordable, the Malone University (MU), Canton, Ohio, offers an option of scholarships, grants, student loans, and work opportunities. The amount of financial aid provided by the University depends on the income profile of the students which in turn affects the Net Price payable.

  •  The students who are opting for any sort of financial aid must fill the federal school code (FAFSA code) which is 003072.

  •  One must provide residency proof and family income proof before applying for financial assistance.

  • A total of $22,809,163 is awarded as financial aid every year.

  • The average institutional aid received per year sums up to $19,497 that is benefited 100% of the net student population.

Financial Aid Breakdown

Student Receiving Aid

Federal Grant Aid

48%

State Grant Aid

32%

Institution Grant Aid

100%

Pell Grant

46%

Average Aid Awarded

Federal Grant Aid

$4,845

State Grant Aid

$2,732

Institution Grant Aid

$19,497

Pell Grant

$4,303

The number of students availing the federal grants under the financial assistance is based on the types of grants in accordance with the percentage. The average federal grant of MU is $4,845In MU, the following points denote the federal types of grants.

  • An estimated 48% of the students undergoing any University Major program avails a Federal Grant Aid worth $4,845.

  • 46% of students are benefited by the Pell Grants worth $4,303.

  • The State Grant Aid provides assistance of $2,732 to 32% of the student population.

  • 100% of the students avail Institutional Grant Aid worth $19,497.

Federal Aid based on Family Income

Family Income

Average Federal Aid Per Year

Under $30,000

$25,998

$30,001 - $48,000

$25,948

$48,001 - $75,000

$23,753

$75,001 - $110,000

$21,041

Over $110,000

$18,215

The Federal-Aid provided by the University depends on the Net Family income:

  • For income range $0 -  $30,000, the average Federal Aid issued $25,998.

  • For $30,001 - $48,000, the net assistance given becomes around $25,948.

  • Income ranges from $48,001 - $75,000, the aid amount becomes $23,753.

  • For more than $75,001- $110,000, the average Federal Aid is $21,041.

  • For income more than the above range, the payable net price would be $18,215.

Student Loans for Malone University

Average Loan Amount Average Loan Amount received per year.

$6,449/Year

Students Taking Out Loans

79%

Loan Default Rate

5.7%