Tuition and Cost to Attend University of Toledo

Annual Total Cost

The total cost 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. The components to this cost are detailed below.

Undergraduate Tuition

University of Toledo tuition is $7,864 per year for in-state residents. This is 26% more expensive than the national average pubic four yearr tuition of $6,256. The fee 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 you're attending from out-of-state, the tuition is $16,984 which represents a 116% premium.

Housing Costs

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

Books and Supplies

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

Other Fees

There is an additional fee of $1,411 which is charged in addition to tuition.

Cost Itemization

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

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.

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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 price 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.

Pell Grants and other Grant Aid

74% of University of Toledo students recieved grant aid in 2010/2011 to help defray the cost of tuition. 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 Financial Aid Mix - $20,351 In-State Total Cost

Estimated 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.

6810
6788
6753

 33% - $6,810

Grants and Scholarships

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

 33% - $6,788

Federal Loans

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

 33% -  $6,753

Out of Pocket

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.


Cost of a Degree

When considering the cost to go to University of Toledo, 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

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Student Loans

The secondry consideration after understanding the cost of college is figuring out how to finance it. Some students are fortunate enough to have some form of family financial assitance, but student loans end up financing a singificant portion of higher education in the U.S. 62% of University of Toledo students receive U.S. Federal Student Loans with an average Federal Loan aid amount of $6,788.

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 finacial aid you receieve, 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 condidering 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.

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.

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

Cost for Popular Majors

Below are the most popular undergraduate areas of study at University of Toledo ranked by degrees conferred during the 2010/2011 academic year along with their estimated total program cost. Please consult the school's website for further information as actual costs for specific program may vary. Price estimates assume graduation in normal time. Our methodology for estimating these costs is a two or four year multiple of the current one year tuition and living cost of $20,351. Associates degrees are assumed to be completed in two years and bachelors degrees are assumed to take four years.

Area of Study Graduates Estimated Degree + Living Expense Cost
Criminal Justice/Safety Studies Bachelor's Degree 129 $81,404
4 year estimate
Pharmacy Bachelor's Degree 104 $81,404
4 year estimate
Psychology, General Bachelor's Degree 91 $81,404
4 year estimate
Kinesiology and Exercise Science Bachelor's Degree 87 $81,404
4 year estimate
Biology/Biological Sciences, General Bachelor's Degree 81 $81,404
4 year estimate
Registered Nursing/Registered Nurse Associate's Degree 76 $40,702
2 year estimate
Kindergarten/Preschool Education and Teaching Bachelor's Degree 72 $81,404
4 year estimate
Mechanical Engineering Bachelor's Degree 72 $81,404
4 year estimate
Computer Engineering, General Bachelor's Degree 70 $81,404
4 year estimate
Marketing/Marketing Management, General Bachelor's Degree 61 $81,404
4 year estimate
Mechanical Engineering/Mechanical Technology/Technician Bachelor's Degree 50 $81,404
4 year estimate
Education/Teaching of Individuals with Speech or Language Impairments Bachelor's Degree 44 $81,404
4 year estimate
Chemical Engineering Bachelor's Degree 39 $81,404
4 year estimate
Social Work Bachelor's Degree 39 $81,404
4 year estimate
Construction Engineering Technology/Technician Bachelor's Degree 37 $81,404
4 year estimate
Civil Engineering, General Bachelor's Degree 36 $81,404
4 year estimate
Electrical and Electronics Engineering Bachelor's Degree 35 $81,404
4 year estimate
Hospital and Health Care Facilities Administration/Management Bachelor's Degree 34 $81,404
4 year estimate
Teacher Education and Professional Development, Specific Subject Areas, Other Bachelor's Degree 31 $81,404
4 year estimate
Electromechanical Technology/Electromechanical Engineering Technology Bachelor's Degree 31 $81,404
4 year estimate
History, General Bachelor's Degree 30 $81,404
4 year estimate
Political Science and Government, General Bachelor's Degree 28 $81,404
4 year estimate
Bioengineering and Biomedical Engineering Bachelor's Degree 27 $81,404
4 year estimate
Liberal Arts and Sciences/Liberal Studies Bachelor's Degree 27 $81,404
4 year estimate
Art/Art Studies, General Bachelor's Degree 26 $81,404
4 year estimate
Film/Cinema/Video Studies Bachelor's Degree 25 $81,404
4 year estimate
Business Administration and Management, General Associate's Degree 21 $40,702
2 year estimate
Athletic Training/Trainer Bachelor's Degree 17 $81,404
4 year estimate
Allied Health Diagnostic, Intervention, and Treatment Professions, Other Bachelor's Degree 16 $81,404
4 year estimate
Therapeutic Recreation/Recreational Therapy Bachelor's Degree 16 $81,404
4 year estimate
Chemistry, General Bachelor's Degree 16 $81,404
4 year estimate
Multi-/Interdisciplinary Studies, Other Associate's Degree 15 $40,702
2 year estimate
Finance, General Bachelor's Degree 15 $81,404
4 year estimate
Secondary Education and Teaching Bachelor's Degree 14 $81,404
4 year estimate
Health Information/Medical Records Administration/Administrator Bachelor's Degree 14 $81,404
4 year estimate
Computer and Information Sciences, General Associate's Degree 13 $40,702
2 year estimate
Cardiovascular Technology/Technologist Associate's Degree 13 $40,702
2 year estimate
Mathematics, General Bachelor's Degree 13 $81,404
4 year estimate
Economics, General Bachelor's Degree 12 $81,404
4 year estimate
Philosophy Bachelor's Degree 11 $81,404
4 year estimate
Geography Bachelor's Degree 11 $81,404
4 year estimate
Environmental Science Bachelor's Degree 11 $81,404
4 year estimate
Parks, Recreation and Leisure Studies Bachelor's Degree 10 $81,404
4 year estimate
Business Administration, Management and Operations, Other Bachelor's Degree 10 $81,404
4 year estimate
Organizational Behavior Studies Bachelor's Degree 9 $81,404
4 year estimate
International Business/Trade/Commerce Bachelor's Degree 9 $81,404
4 year estimate
Information Science/Studies Bachelor's Degree 8 $81,404
4 year estimate
Public Health Education and Promotion Bachelor's Degree 8 $81,404
4 year estimate
Information Technology Bachelor's Degree 7 $81,404
4 year estimate
Legal Assistant/Paralegal Associate's Degree 7 $40,702
2 year estimate
Music, General Bachelor's Degree 7 $81,404
4 year estimate
Drama and Dramatics/Theatre Arts, General Bachelor's Degree 6 $81,404
4 year estimate
Art History, Criticism and Conservation Bachelor's Degree 6 $81,404
4 year estimate
German Language and Literature Bachelor's Degree 5 $81,404
4 year estimate
General Studies Bachelor's Degree 5 $81,404
4 year estimate
Respiratory Care Therapy/Therapist Bachelor's Degree 5 $81,404
4 year estimate
Industrial Engineering Bachelor's Degree 4 $81,404
4 year estimate
International Relations and Affairs Bachelor's Degree 4 $81,404
4 year estimate
Multi-/Interdisciplinary Studies, General Bachelor's Degree 3 $81,404
4 year estimate
Computer Programming/Programmer, General Associate's Degree 3 $40,702
2 year estimate
Religion/Religious Studies Bachelor's Degree 3 $81,404
4 year estimate
Geology/Earth Science, General Bachelor's Degree 3 $81,404
4 year estimate
Operations Management and Supervision Bachelor's Degree 3 $81,404
4 year estimate
Accounting Bachelor's Degree 3 $81,404
4 year estimate
Accounting Technology/Technician and Bookkeeping Associate's Degree 3 $40,702
2 year estimate
Entrepreneurship/Entrepreneurial Studies Bachelor's Degree 3 $81,404
4 year estimate
Human Resources Management/Personnel Administration, General Bachelor's Degree 3 $81,404
4 year estimate
Sociology Bachelor's Degree 3 $81,404
4 year estimate
Selling Skills and Sales Operations Associate's Degree 3 $40,702
2 year estimate
Women's Studies Bachelor's Degree 3 $81,404
4 year estimate
Speech Communication and Rhetoric Bachelor's Degree 3 $81,404
4 year estimate
English Language and Literature, General Bachelor's Degree 3 $81,404
4 year estimate
Environmental Studies Bachelor's Degree 3 $81,404
4 year estimate
Astronomy Bachelor's Degree 2 $81,404
4 year estimate
Logistics, Materials, and Supply Chain Management Bachelor's Degree 2 $81,404
4 year estimate
French Language and Literature Bachelor's Degree 2 $81,404
4 year estimate
Pharmaceutics and Drug Design Bachelor's Degree 1 $81,404
4 year estimate
Business/Commerce, General Associate's Degree 1 $40,702
2 year estimate
Teacher Education and Professional Development, Specific Levels and Methods, Other Bachelor's Degree 1 $81,404
4 year estimate
Trade and Industrial Teacher Education Bachelor's Degree 1 $81,404
4 year estimate
Physics, General Bachelor's Degree 1 $81,404
4 year estimate
Anthropology Bachelor's Degree 1 $81,404
4 year estimate
Urban Studies/Affairs Bachelor's Degree 1 $81,404
4 year estimate
Linguistics Bachelor's Degree 1 $81,404
4 year estimate
Spanish Language and Literature Bachelor's Degree 1 $81,404
4 year estimate

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.

Learn more about University of Toledo at CollegeSimply.

Calculators

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

College Savings Calculator

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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

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