Molden played college football at the University of Oregon and was on the team that reached the 1995Rose Bowl. Redshirted in 1991. Played as well as any cornerback in the country in '92, when he had 55 tackles, four picks and 19 passes broken up. Suffered a devastating knee injury in the Independence Bowl. Tore his anterior cruciate, medial collateral and posterier cruciate ligaments. Came back after a nine-month rehabillitation to start nine games in '93. All-Pacific 10 CB in 1994, All-Pacific 10/Football Coaches Association All-American and Associated Press second-team All-American in 1995.