by our College Data Analytics TeamHere you will find what students actually borrow to attend University of Toledo— how much they borrow, how that debt is spread across the student body, and what it costs to pay back. All figures come from the U.S. Department of Education and IPEDS.
At University of Toledo specifically, 45% of first-year students take on loan debt, at roughly $7,206 apiece. This figure includes both private and federally funded student loans.
The average federally funded loan is $5,304, representing 96.4% of the $5,500 first-year federal borrowing limit for a typical dependent freshman. Keep in mind the all-undergraduate averages further down count federal loans only, unlike this private-plus-federal freshman figure.
Across the full undergraduate body at University of Toledo (freshmen included), 41% take out federal student loans, for a typical $6,413 a year. This is 20.9% larger than the first-year federal average of $5,304.
Carrying that yearly figure forward comes to roughly $12,826 after two years and $25,652 over a four-year span. These projections assume the same federal borrowing each year and exclude private and Parent PLUS loans.
| Undergraduate federal borrowing | Value |
|---|---|
| Share using federal loans | 41% |
| Average federal loan per year | $6,413 |
| Undergraduates with a federal loan | 4,160 |
| Total federal loans (one year) | $26,679,756 |
The middle borrower at University of Toledo owes $14,750 in federal student loans.
| Borrower group | Median federal debt |
|---|---|
| All federal borrowers | $14,750 |
| Students who completed (graduates) | $22,250 |
| Students who withdrew | $8,459 |
Debt carried by students who withdrew is a key risk signal — these borrowers owe money without having earned the credential.
Looking only at the median is misleading — these four percentiles describe the full debt distribution for borrowers 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 |
The gap between the 10th and 90th percentile is the clearest single measure of how widely borrowing varies at University of Toledo.
The figures above count only the students own federal loans. Adding PLUS loans (borrowed by parents or graduate students) gives a fuller picture of total borrowing at University of Toledo.
| Group | Borrowers | Median debt incl. PLUS |
|---|---|---|
| All borrowers | 2491 | $17,645 |
| Completed (graduates) | 1399 | $19,243 |
| Did not complete | 1092 | $15,835 |
Completers face an estimated standard 10-year monthly payment on their PLUS-inclusive debt of roughly $228.82/mo.
The split below distinguishes Stafford borrowers from non-Stafford borrowers at University of Toledo.
Any-Stafford Borrowers
| Cohort | Borrowers | Median debt incl. PLUS |
|---|---|---|
| Used a Stafford loan | 2439 | $17,877 |
| No Stafford loan | 52 | $11,817 |
Borrowers With a Stafford Loan This Year
| Cohort | Borrowers | Median debt incl. PLUS |
|---|---|---|
| Stafford loan this year | 2288 | $17,879 |
| No Stafford loan this year | 203 | $15,115 |
The indicators below describe what the typical debt costs to pay back at University of Toledo.
A loan default — failing to keep up with federal student-loan payments — is one of the worst financial outcomes a borrower can face. The federal two-year cohort default rate for University of Toledo is shown below.
| Metric | Value |
|---|---|
| 2-year cohort default rate | 10.6% |
| Borrowers in the cohort | 6151 |
The cohort default rate tracks borrowers who entered repayment in a given year and defaulted within the two-year measurement window.
Borrowing varies by family income, by first-generation status, and by dependency status.
By Family Income
| Income tier | Median federal debt |
|---|---|
| Low income | $15,521 |
| Middle income | $14,250 |
| High income | $14,702 |
By First-Generation Status
| Cohort | Median federal debt |
|---|---|
| First-generation students | $15,000 |
| Continuing-generation students | $14,000 |
Dependent vs Independent Borrowers
| Cohort | Median federal debt |
|---|---|
| Dependent students | $14,250 |
| Independent students | $17,974 |
Federal data publishes the following gap measures for University of Toledo.
Subsidized vs. Unsubsidized Loans
Subsidized loans pause interest while you are in school; unsubsidized loans do not. That difference compounds over four years, so the type of loan you take matters as much as the amount.
Worth Knowing
Declaring bankruptcy does not erase federal student loan debt. If you stop paying, the federal government can garnish a portion of your wages until the loans are repaid.
References
More about our data sources and methodologies.