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Tuition and Cost to Attend University of Toledo

Annual Total Cost

The total list price for in-state Ohio residents to go to University of Toledo is $20,351 for the 2013/2014 academic year. Out-of-state students who don't possess Ohio residence can expect a one year cost of $29,471.

Undergraduate Tuition

University of Toledo tuition is $7,864 per year for in-state residents. This is 26% more expensive than the national average public four year tuition of $6,256. The cost is $9,762 and 55% cheaper than the average Ohio tuition of $17,626 for 4 year colleges. Tuition ranks 28th in Ohio amongst 4 year colleges for affordability and is the 88th most expensive 4 year college in the state. If attending from out-of-state, the tuition is $16,984 which represents a 116% premium.

The school charges an additional fees of $1,411 in addition to tuition bringing the total effective in-state tuition to $9,275.

Housing Costs

On campus room and board is provided by the school at a cost of $9,876 per academic year. Students electing to live off campus elsewhere in Toledo should budget at least this amount.

Books and Supplies

The estimated annual cost for books and supplies is $1,200.

Costs and Tuition for University of Toledo
Expenditure Price
Ohio Resident Total Cost $20,351
   In-State Tuition$7,864
   Other Fees$1,411
   Room and Board$9,876
   Books and Supplies$1,200
Non-Resident Total Cost $29,471
   Out-of-State Tuition$16,984
   Other Fees$1,411
   Room and Board$9,876
   Books and Supplies$1,200

All price data are reprinted from the U.S. Department of Education's 2013-2014 and 2012-2013 IPEDS Survey and represent reported costs for the 2013-2014 and 2012-2013 academic years.

What it Really Costs

Depending on many factors including student and parent income and assets, the total cost of attendance may be less than the $20,351 published price if scholarship or grant aid is made available to you.

Net Price

The net out-of-pocket total cost you end up paying or financing though student loans is known as the net price. The reported University of Toledo net price for in-state students receiving aid was $13,065* for the 2010/2011 academic year. This net price includes housing and meal expenses.

Pell Grants and other Grant Aid

74% of University of Toledo students received grant aid in 2010/2011. The average total aid amount was $6,810. 41 percent of students received aid in the form of Pell Grants from the U.S. Federal Government. The average Pell Grant awarded for 2010/2011 was $4,438. To apply for a Pell Grant to attend University of Toledo, the first step is to fill out the Free Application for Federal Student Aid (FAFSA).

Net Price and Financial Aid for University of Toledo
Financial Aid Summary
Average Annual Net Price$13,065*
Percent of Students Receiving Grant Aid74%
Average Total Grant Aid$6,810
Percent of Students Receiving Pell Grants41%
Average Amount of Pell Grant Aid$4,438

Average Net Price for In-State Students by Family Income

The average net total cost of attendance for different levels of family income after federal, state or local government, institutional grant and scholarship aid are awarded. Data last reported for the 2011-2012 academic year.

Family Income Avg. Net Price
$0 to $30,000$11,569
$30,001 to $48,000$12,056
$48,001 to $75,000$14,208
$75,001 to $110,000$15,657
$110,000+$15,988

Average Financial Aid Mix - $20,351 In-State Total Cost

CollegeCalc has estimated typical coverage of the annual in-state tuition and living expenses of $20,351. Breakdown is based on average grant aid and federal loan aid which will vary based on your family income.

33%
33%
33%

Grants and Scholarships

 33% - $6,810

Money granted to you by the U.S. Department of Education, University of Toledo or other organizations. These are not loans and do not need to be repaid.

Federal Loans

 33% - $6,788

Low interest student loans funded by the U.S. Department of Education. This amount will need to be repaid.

Out of Pocket

 33% -  $6,753

Covered by family savings, work or private student loans which you will have to repay.

*Reported Average Annual Net Price for in state students receiving grant or scholarship aid reported to the U.S. Department of Education's 2011-2012 IPEDS Survey. Financial aid is only available to those who qualify. Consult this school's net price calculator for further understanding of your potential net price.

Note that for colleges with no reported on-campus room and board, the average net price has been increased to account for living expenses. This number may not only reflect the net price paid to the school for tuition.


Tuition Comparison to Academically Similar Schools in the Region

School Cost vs. University of Toledo

Cost of a Degree

When considering ability to pay for college, the annual cost is often discussed but it's the "all in" multi-year degree cost which matters in the end. Let's take a look at what it could really cost for four years at University of Toledo.

Estimated 4 Year Cost at Published Tuition

At the current published rates, an estimated total tuition, fees and living expense price for a 4 year bachelor's degree at University of Toledo is $81,404 for students graduating in normal time. This methodology for estimating the 4 year cost is a straight multiple of the most recent reported annual total cost and does not factor in tuition increases during the time you're in school. It also assumes you receive no grant or scholarship aid and pay the full list price.

A potentially more accurate but less conservative estimate of a degree cost can be made by using the school's annual $13,065 in-state net price as the basis. Applying this cost over 4 would estimate the cost of a degree at $52,260**

If you end up on the "five year plan" and need an additional year to graduate, your five year cost could be as high as $101,755 or $65,325 using an average net price.

**Based on a 4 year multiple of Average Annual Net Price for in state students receiving grant or scholarship aid reported to the U.S. Department of Education's 2011-2012 IPEDS Survey. Financial aid is only available to those who qualify. Consult this school's net price calculator for further understanding of your potential net price.

Other Costs

Estimated Cost Per Semester

Most colleges don't charge students on an annual basis but instead require payment semester by semester. If you ever need to take an additional semester of classes to complete you degree you shouldn't have to pay for a full academic year. These our estimated costs for a semester at University of Toledo.

Ohio Resident Tuition Per Semester$3,932
Ohio Resident Total Cost Per Semester$10,176
Non-Ohio Resident Tuition Per Semester$8,492
Non-Ohio Resident Total Cost Per Semester$14,736

Cost Per Credit Hour and Cost for a Class

Some schools offer the ability to take single classes by paying on a per credit hour basis. The reported price per credit hour and estimated cost for one class at University of Toledo are as follows. Per credit costs are for reference only as many schools will not allow students to pay by credit hour.

Cost per credit hour and per class at University of Toledo
Price per credit hour for Ohio residents$317
Cost for one class for Ohio residents (3 credit hours)$951
Price per credit hour for out of state residents$697
Cost for one class for out of state residents (3 credit hours)$2,091
Cost for one class for out of state residents (4 credit hours)$2,788



Student Loans and Debt

The second consideration after understanding the cost of college is determining how to finance it. Some students are fortunate enough to have some form of family financial assistance, but student loans end up financing a significant portion of higher education in the U.S. 62% of University of Toledo students receive U.S. Federal Student Loans with an average annual Federal Loan aid amount of $6,788. The reported average student debt upon graduation is $27,927.

Example Loan Payments and Costs

How much are student loan payments for University of Toledo? Obviously this varies based on a number of factors - offsetting financial aid you receive, percentage of fee you pay upfront while enrolled and the interest rate on your loans. We've modeled a sample student loan based on current Stafford loan rates to give you an approximate idea.

The following are the costs for a loan if you borrowed $52,260, 100% of the estimated average net price for a four year program and paid nothing while enrolled. The total of all payments including interest would sum $65,478.48. This could be your effective total out of pocket cost of an education at University of Toledo. Note that this calculation assumes you don't pay full list price tuition, are part of the reported 74% of students at this school who receive financial aid and you are paying an average annual net price of $13,065. If you do not financially qualify for a reduced net price, your student loan payments could be significantly higher than this example. Use our University of Toledo student loan calculator below to change loan assumptions and recalculate.

Student loans are not free money and must be repaid. You cannot dismiss student loans by via bankruptcy.

University of Toledo Student Loan Payments
Example Payments
Monthly Loan Payment$545.65
Amount Borrowed$52,260.00
Interest Rate4.7%
Term10 years
Number of Monthly Payments120
Total Interest Cost$13,218.48
Sum of All Payments over 10 years$65,478.48

Affording Student Loan Payments and Post Graduation Salary

Can I afford to attend University of Toledo? In the end, the answer comes down a determination if you will earn enough to comfortably pay back a student loan with your post graduation salary. This is an extremely important point to consider. In order to afford student loan payments and still meet all your other costs of living, it is recommended not to borrow more than you can pay back using 10% of your monthly income earned after graduation. If you're considering attending University of Toledo, you need to carefully consider if it will be realistic to make the post graduation loan payments based on your expected salary.

Using the 10% of salary threshold, an annual income of $65,478.48 would be needed to afford a $545.65 monthly payment in the example $52,260.00 loan modeled above. You will need to determine if it is at all realistic that you will be earning this type of salary after graduation. This assumes a loan payback over 10 years. You can change the terms of this example loan using the student loan calculator below.

Estimated Future Cost and Expected Tuition Increase

What will it cost to send your child to University of Toledo in the future? In the past five years, this school's published in-state tuition and fee total rose from $7,927 to $8,788. This amounts to an average annual price increase of 2.2%. Nationally, university tuition prices are rising around 5% per year. Looking out five, ten, fifteen or eighteen years, these are CollegeCalc's estimates how much you could expect to pay for a 4 year degree assuming tuition increases at the national average rate. Estimated future prices are based on the current in-state 4 year cost of $81,404.00. Use the college savings plan calculator below to perform a more comprehensive analysis on future costs and how much you will need to save for University of Toledo.

Annual4 Year Degree
Estimated Cost in 5 years for students enrolling in 2019$27,987$111,949
Estimated Cost in 10 years for students enrolling in 2024$35,720$142,879
Estimated Cost in 15 years for students enrolling in 2029 $45,588$182,354
Estimated Cost in 18 years for students enrolling in 2032 $52,774$211,097

Tuition History

What was tuition at University of Toledo five, ten, fifteen or twenty years ago? Hop into our time machine and take a look. Pay attention to how aggressive the school has been with price increases the past as it provides indication as to how the school may raise tuition in the next few years if you enrolled. Historical tuition and fees for all available data years back to 1988 follows.

YearIn-StateOut-of-stateAnnual Increase
2010$7,926$16,738 0%
2009$7,926$16,738 0%
2008$7,926$16,738 0%
2007$7,926$16,738 5.8%
2006$7,494$16,305 6.2%
2005$7,054$15,865 10%
2004$6,415$15,054 9.7%
2003$5,849$14,302 14.6%
2002$5,102$12,460 9%
2001$4,680$11,432 12.4%
2000$4,165$10,093 -0%
1999$4,166$10,094 5.4%
1998$3,952$9,544 4.6%
1997$3,778$9,063 5.3%
1996$3,588$8,597 5.6%
1995$3,398$8,147 5%
1994$3,237$7,758 5.3%
1993$3,073$7,378 10.3%
1992$2,787$6,528 13.1%
1991$2,464$5,726 10.4%
1990$2,232$5,085 6.6%
1989$2,094$4,764 6.1%
1988$1,974$4,352 13.5%
1987$1,739$3,944

Comparable Cost for Popular Majors

We've compared the out of state cost of the most popular undergraduate areas of study at University of Toledo to the national average for all other colleges offering the same major. Use this comparison to determine particular programs where this school offers value relative to other colleges.

Area of Study Graduates vs National Avg
Criminal Justice/Safety Studies Bachelor's Degree 129 2% cheaper
Pharmacy Bachelor's Degree 104 22% cheaper
Psychology, General Bachelor's Degree 91 17% cheaper
Kinesiology and Exercise Science Bachelor's Degree 87 14% cheaper
Biology/Biological Sciences, General Bachelor's Degree 81 18% cheaper
Registered Nursing/Registered Nurse Associate's Degree 76 58% costlier
Kindergarten/Preschool Education and Teaching Bachelor's Degree 72 3% costlier
Mechanical Engineering Bachelor's Degree 72 21% cheaper
Computer Engineering, General Bachelor's Degree 70 21% cheaper
Marketing/Marketing Management, General Bachelor's Degree 61 9% cheaper
Mechanical Engineering/Mechanical Technology/Technician Bachelor's Degree 50 5% cheaper
Education/Teaching of Individuals with Speech or Language Impairments Bachelor's Degree 44 10% cheaper
Chemical Engineering Bachelor's Degree 39 27% cheaper
Social Work Bachelor's Degree 39 8% cheaper
Construction Engineering Technology/Technician Bachelor's Degree 37 1% cheaper
Civil Engineering, General Bachelor's Degree 36 21% cheaper
Electrical and Electronics Engineering Bachelor's Degree 35 21% cheaper
Hospital and Health Care Facilities Administration/Management Bachelor's Degree 34 34% costlier
Teacher Education and Professional Development, Specific Subject Areas, Other Bachelor's Degree 31 11% cheaper
Electromechanical Technology/Electromechanical Engineering Technology Bachelor's Degree 31 5% cheaper
History, General Bachelor's Degree 30 19% cheaper
Political Science and Government, General Bachelor's Degree 28 20% cheaper
Bioengineering and Biomedical Engineering Bachelor's Degree 27 35% cheaper
Liberal Arts and Sciences/Liberal Studies Bachelor's Degree 27 17% cheaper
Art/Art Studies, General Bachelor's Degree 26 15% cheaper
Film/Cinema/Video Studies Bachelor's Degree 25 33% cheaper
Business Administration and Management, General Associate's Degree 21 47% costlier
Athletic Training/Trainer Bachelor's Degree 17 12% cheaper
Chemistry, General Bachelor's Degree 16 20% cheaper
Allied Health Diagnostic, Intervention, and Treatment Professions, Other Bachelor's Degree 16 19% cheaper
Therapeutic Recreation/Recreational Therapy Bachelor's Degree 16 6% cheaper
Finance, General Bachelor's Degree 15 11% cheaper
Multi-/Interdisciplinary Studies, Other Associate's Degree 15 72% costlier
Secondary Education and Teaching Bachelor's Degree 14 10% cheaper
Health Information/Medical Records Administration/Administrator Bachelor's Degree 14 2% costlier
Computer and Information Sciences, General Associate's Degree 13 63% costlier
Mathematics, General Bachelor's Degree 13 19% cheaper
Cardiovascular Technology/Technologist Associate's Degree 13 46% costlier
Economics, General Bachelor's Degree 12 25% cheaper
Philosophy Bachelor's Degree 11 26% cheaper
Geography Bachelor's Degree 11 10% cheaper
Environmental Science Bachelor's Degree 11 22% cheaper
Business Administration, Management and Operations, Other Bachelor's Degree 10 4% cheaper
Parks, Recreation and Leisure Studies Bachelor's Degree 10 6% cheaper
Organizational Behavior Studies Bachelor's Degree 9 22% cheaper
International Business/Trade/Commerce Bachelor's Degree 9 19% cheaper
Public Health Education and Promotion Bachelor's Degree 8 8% cheaper
Information Science/Studies Bachelor's Degree 8 13% cheaper
Music, General Bachelor's Degree 7 19% cheaper
Legal Assistant/Paralegal Associate's Degree 7 50% costlier
Information Technology Bachelor's Degree 7 3% cheaper
Art History, Criticism and Conservation Bachelor's Degree 6 32% cheaper
Drama and Dramatics/Theatre Arts, General Bachelor's Degree 6 21% cheaper
German Language and Literature Bachelor's Degree 5 29% cheaper
Respiratory Care Therapy/Therapist Bachelor's Degree 5 5% cheaper
General Studies Bachelor's Degree 5 2% cheaper
International Relations and Affairs Bachelor's Degree 4 29% cheaper
Industrial Engineering Bachelor's Degree 4 17% cheaper
Environmental Studies Bachelor's Degree 3 32% cheaper
Selling Skills and Sales Operations Associate's Degree 3 63% costlier
Accounting Technology/Technician and Bookkeeping Associate's Degree 3 60% costlier
Women's Studies Bachelor's Degree 3 30% cheaper
Multi-/Interdisciplinary Studies, General Bachelor's Degree 3 16% cheaper
Sociology Bachelor's Degree 3 19% cheaper
English Language and Literature, General Bachelor's Degree 3 17% cheaper
Computer Programming/Programmer, General Associate's Degree 3 68% costlier
Operations Management and Supervision Bachelor's Degree 3 1% costlier
Accounting Bachelor's Degree 3 11% cheaper
Geology/Earth Science, General Bachelor's Degree 3 20% cheaper
Entrepreneurship/Entrepreneurial Studies Bachelor's Degree 3 17% cheaper
Speech Communication and Rhetoric Bachelor's Degree 3 16% cheaper
Human Resources Management/Personnel Administration, General Bachelor's Degree 3 5% cheaper
Religion/Religious Studies Bachelor's Degree 3 30% cheaper
Astronomy Bachelor's Degree 2 35% cheaper
French Language and Literature Bachelor's Degree 2 27% cheaper
Logistics, Materials, and Supply Chain Management Bachelor's Degree 2 10% cheaper
Teacher Education and Professional Development, Specific Levels and Methods, Other Bachelor's Degree 1 5% cheaper
Physics, General Bachelor's Degree 1 24% cheaper
Spanish Language and Literature Bachelor's Degree 1 23% cheaper
Anthropology Bachelor's Degree 1 26% cheaper
Linguistics Bachelor's Degree 1 32% cheaper
Pharmaceutics and Drug Design Bachelor's Degree 1 7% cheaper
Trade and Industrial Teacher Education Bachelor's Degree 1 3% costlier
Business/Commerce, General Associate's Degree 1 46% costlier
Urban Studies/Affairs Bachelor's Degree 1 29% cheaper

Calculators

Use the calculators below to formulate a college savings plan for University of Toledo or model a student loan.

College Savings Calculator

Plan and Save for College

Discover how much will you need to start saving now to afford University of Toledo in the future.

Student Loan Calculator

Estimate Loan Payments

Modify the loan assumptions to fit your financial situation and likely tuition price. Then calculate your payoff and loan payments for a University of Toledo student loan.

Prepayment Option

About University of Toledo

University of Toledo is a four year public college located in Toledo, Ohio.  Full time enrollment is 17,697 and part time is 4,913.  University of Toledo has an open admission policy meaning that any prospective student who has completed high school or attained a GED certificate may enroll in classes.

Students attending this school may pursue both undergraduate and graduate degrees.

Address
University of Toledo
2801 W Bancroft
Toledo, Ohio
43606-3390

For Profit / Not For Profit Status

University of Toledo is a public not for profit institution. Public schools often represent the best value for your education dollar, especially when students qualify for in-state tuition.

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