Maloy brought an unprecedented air attack to Crusader football during his time at Holy Cross. He graduated with every passing record in the books at Holy Cross and three New England major college records as well - most completion’s in a career (306), most yards passing in a career (4,074) and most touchdown passing in career (34). As a sophomore in 1950, Maloy threw 242 passes (completing 106 for 1,572 yards) which at the time set a national record. He broke the record by tossing 288 passes (completing 123 for 1,514 yards and 13 Tds) as a senior in 1952. He finished his three-year career by completing 306 of 689 attempts for 4,074 yards and 34 touchdowns. All were Eastern records at the time. He was a three time All-New England pick and twice was first team All-East. He also scored 17 touchdowns in his career, and the Crusaders posted a 20-9-1 mark with him in the lineup. He also won the Bulger Lowe Award as a senior, symbolic of the top player in New England. Maloy was also a member of the East team in both the senior bowl at Mobile, AL and the East-West Shrine game in San Francisco as a senior.