The value students gain from an affordable Malone University education impacts the futures and the lives of countless others. Today’s Christian family does not have to compromise their values in order to get the best value in higher education.
Many factors contribute to the value of attending a private Christian university like Malone. To name just a few:
- Small classes (13:1 student to faculty ratio, average class size is 20)
- Major and career planning
- Peer tutoring to ensure success
- Easy access to all student services
- High four-year graduation rate
- A safe, community-minded campus
Furthermore, Malone University ranks among the top Ohio colleges and universities that offer the "Highest Return on Investment.”
The news comes from *AffordableCollegesOnline.org (ACO), an organization that analyzed nearly 400 colleges in Ohio and ranked the top 44 colleges that provide students the biggest return on investment, noting that graduates from these schools enjoy the largest earning gap between non-degree holders during a 30-year span.
And, Malone students graduate with 11.6% less debt than the national average, with many -- if not most -- paying what one would expect to pay at a state institution.
Pam Pustay, director of Financial Aid, is eager to dispel the myth that Christian higher education is beyond most families’ reach today.
“Due to the institutional scholarships and grant money that Malone University is able to offer our students, many of our students pay less to attend Malone University than to attend a state university,” she says. “Families are realizing the importance of considering the institutional financial aid and looking beyond the sticker price to the net price of attendance. A Malone University education at a public school price – now that’s value!”
Linda Hoffman, director of undergraduate and graduate admissions agrees.
“To many families this is shocking news--but it's true! With financial aid the average Malone student pays what it would cost to attend a state university. It's all about looking beyond the price tag of tuition, room and board, and then subtracting the financial aid, and looking at the net cost of attendance,” she says, “And, always consider the value a student gains from a Malone University education!”
That value, says Hoffman, begins and ends with the whole experience.
“It's the high quality education which is enhanced by the commitment to integrating Christian faith and learning," she says. "It is the personal interaction with faculty and being a part of a Christian community that encourages excellence--whether in the classroom, on the athletic field, in the concert hall, or serving in the community!”
Financial aid is not one size fits all. Kinds of available financial aid include state, federal, institutional and private grants and scholarship.
Malone University participates in all federal Title IV financial aid programs.
Ohio residents with financial need attending Malone University are also eligible to receive the Ohio College Opportunity Grant (OCOG). This grant currently provides eligible students with $2,080 per year for full time attendance. (Reduced OCOG for part time attendance.) This Ohio grant is not available for students attending a state institution.
In addition, Malone University offers academic scholarships, athletic scholarships, and Malone grant funds to students with financial need after all federal, state and merit funds have been awarded.
There are loans and work-study programs as well that will help students finance their education. The best way for families to ensure they are getting the “best bang for the buck” is to complete the Free Application for Federal Student Aid (FAFSA) to take advantage of any federal and state aid they may qualify to receive. Also, students and their families should consider the financial aid office a resource for information and a partner as they navigate through the financial aid process.
“Don’t be afraid to ask questions and seek assistance from financial aid professionals,” says Pustay. “In addition, students should always be actively searching and applying for outside scholarships. There are many free scholarship search sites such as www.collegenet.com, www.petersons.com, www.fastweb.com, www.schoolsoup.com to name just a few that provide students with scholarship information from national scholarship databanks.”
“Be sure to research and apply for grants and scholarships in and around your community,” Hoffman says. “Apply early for admission to Malone University. It helps us get to know you and help you through the process. Some colleges have limited funds so you want to be sure to be considered for as much financial aid as possible. Get to know the admissions and financial aid staff. Sometimes there are financial situations that cannot be communicated on the FAFSA -- be sure to call the financial aid office and share the story.”
“Don't make a decision to apply or not apply to a college/university based on the price tag of that institution. It's always worth applying to the schools you are interested in and then take it one step at a time,” concludes Pustay.
Criteria for consideration as a “High ROI College” included being a fully accredited institution – either public or private, and be at least a four-year, degree-granting institution. ROI was calculated according to PayScale’s 2013 College Value Report.*
*ACO compiled a list of schools meeting these criteria by using the following highly respected, authoritative data sets:
- NCES, the primary federal entity for collecting and analyzing data related to education. It provides consistent, reliable, complete, and accurate indicators of education status and trends.
- IPEDS, the primary federal source for data on colleges, universities, and technical and vocational post-secondary schools in the U.S.
- Carnegie Classification, a framework widely used in the study of higher education, both as a way to represent and control for institutional differences, and also in the design of research studies to ensure adequate representation of sampled institutions, students, or faculty.
- Payscale.com, the premier salary data collection organization.
- Affordable Colleges Online provides students with information about affordable higher education options. The website provides financial aid videos, expert advice, and cost savings ideas. ACO is a trusted resource for college statistics and rankings.