by our College Data Analytics TeamA large number of students will not be asked to pay the complete price tag of a school. Rather, they are presented a financial aid deal that includes a mix of loans, grants, scholarships, and possibly work-study opportunities. The total price of attendance at University of Toledo can feel overwhelming, but bear in mind that many students receive some sort of financial aid.
What financial assistance options will University of Toledo offer, and what will you qualify for? Read on for more information. Scroll down to see just how much financial aid could be open to you.
The amount of financial aid and scholarships you are eligible for will vary depending on your family’s income. Continue reading to find information to help you understand just how much assistance you can expect to receive from University of Toledo.
Through a mix of loans, grants, work-study and scholarships, schools bring down the effective cost so more students can attend. Bear in mind that not all aid is equal, and the amount any one student receives can vary widely.
Looking at the entering class at University of Toledo, 92% of entering full-time freshmen got some type of financial assistance around 1908 first-years).
| Type of Aid | % of Freshmen Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 86% | $9,201 |
| Institutional grants & scholarships | 78% | $6,191 |
| Federal Pell grants | 35% | $5,873 |
| State/local grants | 27% | $3,598 |
| Federal student loans | 44% | $5,304 |
Unlike loans, grants and scholarships are gift aid that does not need to be paid back, making them the most desirable form of assistance. At University of Toledo, about 71% of undergrads got grants or scholarships worth on average $8,915 (among about 8121 students).
| Award | % of Undergrads Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 71% | $8,915 |
| Federal Pell grants | 27% | $5,996 |
| Federal student loans | 36% | $6,413 |
On-campus students receiving title-IV aid were awarded grants averaging $9,263.
The figures below show the average net price — cost after all grant and scholarship aid — broken out by family income.
| Family Income | Average Net Price |
|---|---|
| $0 – $48,000 | $13,239 |
| $30,001 – $75,000 | $15,520 |
| Over $75,000 | $21,110 |
Each figure is the net price after grants and scholarships, not the published sticker price.
The net price strips out grant and scholarship aid from the sticker price to show roughly what families really pay.
| Cohort | Average Net Price |
|---|---|
| On-campus title-IV students | $17,249 |
| Off-campus title-IV students | $17,460 |
For an estimate tailored to your family circumstances, see University of Toledo’s NPC: www.utoledo.edu/financialaid/NetPriceCalculator.html.
The middle student in the debt distribution at University of Toledo owes $14,750 of federal borrowing.
| Metric | Amount |
|---|---|
| Median federal debt (all student-aid borrowers) | $14,750 |
| Median federal debt (graduates only) | $22,250 |
| Typical 10-year monthly payment (graduates) | $235.89/mo |
The 10-year payment estimate assumes a standard federal repayment plan and the median graduate debt amount.
Looking only at the median can be misleading because it hides the spread. The figures below chart the debt distribution at University of Toledo.
| Percentile | Cumulative Federal Debt |
|---|---|
| 10th percentile (lowest-debt students) | $2,750 |
| 25th percentile | $5,500 |
| 75th percentile | $25,655 |
| 90th percentile (highest-debt students) | $36,500 |
Debt outcomes are not uniform — they shift with income, first-generation status, and dependency.
By Family Income
| Income tier | Median federal debt |
|---|---|
| Low income | $15,521 |
| Middle income | $14,250 |
| High income | $14,702 |
First-Gen vs Continuing-Gen Median Debt
| Cohort | Median federal debt |
|---|---|
| First-generation students | $15,000 |
| Continuing-generation students | $14,000 |
Dependent vs Independent Students
| Cohort | Median federal debt |
|---|---|
| Dependent students | $14,250 |
| Independent students | $17,974 |
A handful of calculated indicators summarize the debt outlook at University of Toledo.
The Stafford program is the federal direct-loan vehicle most undergraduates use. The totals below capture Stafford lending at University of Toledo:
| Metric | Value |
|---|---|
| Stafford loan recipients | 74177 |
| Total Stafford loan amount | $1,973,326,750 |
Military-affiliated students can tap the Post-9/11 GI Bill and DoD Tuition Assistance.
GI Bill volume
| Metric | Value |
|---|---|
| GI Bill recipients | 177 |
| Total GI Bill amount | $1,614,860 |
| Average GI Bill amount per recipient | $9,124 |
DoD Tuition Assistance activity
| Metric | Value |
|---|---|
| DoD Tuition Assistance recipients | 21 |
| Total DoD amount | $77,589 |
| Average DoD amount per recipient | $3,695 |
References
More about our data sources and methodologies.