University of Toledo
Toledo, Ohio · Public · 92.0% acceptance rate
ROI Score: 48/100 · Below Average Value
Data: 2024-25 College Scorecard release
University of Toledo scores 48 (Below Average Value) on the CampusROI scale. A mid-size public research university in Toledo, Ohio, UToledo enrolls 9,770 undergraduates at $12,744 in-state tuition and $17,249 net price. The 57.0% completion rate and 67.9% repayment rate are the primary weaknesses - more than 4 in 10 students do not finish, and nearly one-third of borrowers are not paying down debt. Average 6-year earnings of $37,900 and a 13.4-year payback period reflect a program mix where strong engineering outcomes are diluted by large volumes of lower-earning social sciences, arts, and health science programs. Engineering is clearly UToledo's standout: Electrical Engineering (60 graduates, $80,876 year-one, B+ grade), Chemical Engineering (58 graduates, $79,750 year-one, B+ grade), Mechanical Engineering (150 graduates, $77,011 year-one, A grade), and Biomedical Engineering (53 graduates, $69,711 year-one, B+ grade) all post excellent outcomes. Registered Nursing (285 graduates, $70,850 year-one, B+ grade) and Accounting (67 graduates, $52,700 year-one, B grade) anchor the non-engineering top tier. Liberal Arts ($34,428 four-year, F-grade) and Fine Arts ($33,409 four-year, F-grade) represent the lowest outcomes.
University of Toledo
Quick Numbers
| In-state tuition + fees | $12,744/yr |
| Out-of-state tuition + fees | $22,104/yr |
| Average net price | $17,249/yr |
| Total 4-year cost (net) | $68,996 |
| Median earnings (10yr post-entry) | $50,632 |
| Average earnings (6yr post-entry) | $37,900 |
| Median debt at graduation | $22,250 |
| Estimated monthly loan payment | $236 |
| Estimated payback period | 13.4 years |
| 6-year graduation rate | 57.0% |
| Undergraduate enrollment | 9,770 |
Data as of 2024-2025. Source: College Scorecard API (U.S. Department of Education).
The Full Financial Picture
The first number you'll see is the sticker price: $12,744/year ($22,104/year out-of-state), which covers tuition and fees only. The net price counts books, supplies, and average living costs on top of tuition and fees, then subtracts grants and scholarships. For the average student here it comes to $17,249/year, or roughly $68,996 over four years. That's the number to plan around.
What you actually pay depends a lot on what your family earns. Families making under $30,000/year pay an average of $13,524/year here, while families earning over $110,000 pay $22,053/year.
Among graduates who borrowed, the median federal loan debt from this school is $22,250, which works out to about $236 a month on the standard 10-year repayment plan. Our debt-to-earnings ratio divides that debt by average earnings six years after entry ($37,900) and comes to 0.59, under 1.0, meaning median debt is less than a full year of those earnings.
Net Price by Family Income
What families actually pay after grants and scholarships, by income bracket.
| Family Income | Avg Net Price/Year |
|---|---|
| $0 - $30,000 | $13,524 |
| $30,001 - $48,000 | $13,365 |
| $48,001 - $75,000 | $16,407 |
| $75,001 - $110,000 | $19,659 |
| $110,001+ | $22,053 |
Cost by Income Bracket Explained
Lower-income families (under $30K)
Students from the 0-30000 bracket pay $13,524 per year - $54,096 over four years. For ME graduates earning $77,011 year-one, the entire four-year investment is recovered in under nine months. Nursing and EE completers see similarly fast paybacks. For lower-earning programs, low-income students at UToledo face the same 13.4-year institutional average. The 57% completion rate is the highest risk for this income bracket.
Middle-income families ($30K-$110K)
The 48001-75000 bracket pays $16,407 and the 75001-110000 bracket pays $19,659 per year. Engineering and nursing students in this bracket recover $65,000-$78,000 four-year investment in under two years from graduation. Business and accounting students take two to three years. Social science and arts programs at this price level produce the poor aggregate ROI that drives UToledo's 48 score.
Higher-income families ($110K+)
Families above $110,000 pay $22,053 per year - $88,212 over four years. At this price, engineering and nursing at UToledo are excellent values. Mechanical Engineering's A-grade ROI with $17,900 debt and $90,717 four-year earnings against $88,212 investment yields payback in under two years. Liberal Arts' $34,428 four-year earnings against $88,212 investment is a weak return.
Earnings by Major
Top 10 most popular majors at University of Toledo with available earnings data.
| Major | Median Earnings | Grade |
|---|---|---|
| Registered Nursing | $77,241 | B+ |
| Pharmacy | $63,190 | C |
| Marketing | $67,040 | C+ |
| Business Administration, Management, and Operations | $67,516 | C+ |
| Mechanical Engineering | $90,717 | A |
| Finance and Financial Management | $74,304 | B |
| Liberal Arts and Sciences | $34,428 | F |
| Biology | $48,957 | D |
| Teacher Education | $43,533 | C |
| Psychology | $43,795 | D |
Earnings reflect median 4-year post-completion (or 1-year where 4-year unavailable). Grades based on debt-to-earnings ratio.
Program Analysis
Why these programs deliver their earnings outcomes.
Mechanical Engineering
Mechanical Engineering is UToledo's highest-volume and highest-graded engineering program: 150 graduates, $77,011 year-one earnings, $90,717 four-year, $17,900 median debt, 0.232 debt-to-earnings ratio (ROI grade A). An A-grade at $17,249 net annual price is exceptional value. ME graduates enter Toledo's and Detroit's automotive and manufacturing ecosystem. Debt of $17,900 is low relative to year-one earnings; payback from year-one earnings is under three months.
Electrical Engineering
Electrical Engineering (60 graduates) earns $80,876 year-one and $95,846 four-year with $21,250 median debt and a 0.263 debt-to-earnings ratio (ROI grade B+). EE at UToledo feeds into the automotive electronics, defense, and manufacturing sectors in the Midwest industrial corridor. Year-one earnings of $80,876 against $17,249 annual net price yield a payback under three years from graduation.
Chemical Engineering
Chemical Engineering (58 graduates) earns $79,750 year-one and $94,065 four-year with $25,750 median debt and a 0.323 debt-to-earnings ratio (ROI grade B+). Chemical Engineering at UToledo benefits from the regional petrochemical and manufacturing industry.
Registered Nursing
Registered Nursing (285 graduates) earns $70,850 year-one and $77,241 four-year with $22,400 median debt and a 0.316 debt-to-earnings ratio (ROI grade B+). Nursing is UToledo's largest health program and delivers consistent B+ outcomes. The Toledo metro healthcare system is a steady employer, and debt of $22,400 against year-one earnings of $70,850 is a manageable structure for nursing graduates.
Accounting
Accounting (67 graduates) earns $52,700 year-one and $74,103 four-year with $20,973 median debt and a 0.398 debt-to-earnings ratio (ROI grade B). B-grade accounting at UToledo's in-state price is solid value. The regional accounting and finance sector in Northwest Ohio and Detroit supports a consistent pipeline. Year-four earnings of $74,103 reflect promotion into senior accounting and CPA-track positions.
How Graduates Do
Earnings
Loan Repayment
| Metric | This School | Median of schools we score |
|---|---|---|
| 1-year repayment | 63.0% | 68.8% |
| 3-year repayment | 67.9% | 73.6% |
| 5-year repayment | 51.6% | 67.7% |
| 7-year repayment | 59.8% | 72.8% |
Completion Rate
Trends Over Time
How University of Toledo’s cost and outcomes have moved across College Scorecard releases (2009-2024).
Average Net Price
Completion Rate
Median Earnings, 10 Years After Entry (as reported)
Earnings reflect borrowers measured 10 years after entry and publish on an irregular cadence with a multi-year reporting lag, so this series shows only the years the Department of Education reported - the data is never interpolated.
Source: U.S. Department of Education College Scorecard, release years shown. Net price and completion are reported annually.
Admissions Snapshot
| Acceptance rate | 92.0% |
| SAT Math (25th-75th) | 550-650 |
| SAT Reading (25th-75th) | 550-650 |
| ACT Composite (25th-75th) | 23-29 |
| Enrollment | 9,770 |
| Pell Grant recipients | 27.5% |
| Avg faculty salary (monthly) | $10,195 |
UToledo admits 92% of applicants with SAT 550-650 Math and ACT 23-29. The admissions process is effectively open for most students with average academic preparation. Engineering programs may have higher internal standards. Students should evaluate their specific program pathway: the College of Engineering's outcomes are dramatically different from the College of Arts and Letters in career terms.
Compared to Similar Schools
Peer institutions matched by type, size, and selectivity.
| School | ROI | Net Price | 10yr Earnings |
|---|---|---|---|
| University of Toledo (this school) | 48 | $17,249 | $50,632 |
| Central Michigan University | 51 | $17,597 | $55,874 |
| East Texas A&M University | 51 | $11,841 | $50,296 |
| University of Akron Wayne College | 48 | $6,032 | $46,600 |
| Stephen F Austin State University | 47 | $14,260 | $49,634 |
| University of Akron Main Campus | 38 | $13,946 | $46,600 |
Who Thrives Here
UToledo enrolls 9,770 undergraduates in Toledo, Ohio. SAT mid-range is 550-650 Math and 550-650 Reading; ACT 23-29. Admission is accessible at 92%. The 27.5% Pell rate reflects a moderate lower-income presence. UToledo's engineering, pharmacy, and health science programs are its strongest draws. The Northwest Ohio and regional Midwest manufacturing economy creates consistent demand for engineering graduates. Students who choose UToledo for non-engineering programs should scrutinize outcomes data carefully - the 48 ROI score reflects what happens when low-earning programs are enrolled at scale.
The Verdict: Proceed With Caution
The money case for University of Toledo is mixed, and worth a hard look before you commit. At $17,249 per year after aid, the typical graduate earns $50,632 ten years after entry, which means it takes about 13.4 years to earn the cost back. For context, the median payback across the schools we score is about 12 years. Whether it's worth it comes down to your major and your aid package.
What to keep an eye on: a three-year loan repayment rate of 67.9% (median across the schools we score: 73.6%), a long payback period.
Median debt of $22,250 among graduates who borrowed, against average earnings of $37,900 six years after entry, gives a debt-to-earnings ratio of 0.59, under the 1.0 point at which debt would equal a full year of those earnings. Your major matters a lot here: graduates in higher-earning fields will see the better end of this.
University of Toledo: Common Questions
Is University of Toledo worth it?
In our view, the money case is mixed and worth a hard look before you commit. University of Toledo scores 48/100 on our ROI scale. At $17,249 a year after aid the typical graduate earns $50,632 ten years after entry, so it takes about 13.4 years to earn the cost back. For context, the median payback across the schools we score is about 12 years.
How much does University of Toledo cost after financial aid?
The average net price - the cost of attendance (tuition, fees, books, supplies and average living costs) minus grants and scholarships, for full-time, first-time students receiving federal aid - is about $17,249 a year, or roughly $68,996 over four years. Because it counts living costs, it can run above tuition alone. That is the number to plan around. Actual cost varies by family income, per the U.S. Department of Education's College Scorecard.
What do University of Toledo graduates earn?
The typical graduate earns about $50,632 ten years after enrolling, roughly $8,832 a year more than the median high-school graduate ($41,800, per NCES, 2022). That earnings gap is what has to cover the cost of the degree.
How long does it take to pay off University of Toledo?
We estimate the payback period - the time it takes for the earnings bump over a high-school graduate to cover what you spent - at about 13.4 years for University of Toledo. The median across the schools we track is about 12 years.
How much debt do University of Toledo graduates take on?
Among graduates who borrowed, median federal loan debt from this school is about $22,250, against average earnings of $37,900 six years after entry - a debt-to-earnings ratio of 0.59. In our view that is reasonable, though your major matters: higher-earning fields will see the better end of it.
What is the graduation rate at University of Toledo?
The six-year graduation rate is 57.0%. The national average for four-year schools is 64% (NCES, 2022). Completion is 15% of our ROI score, since a degree you don't finish rarely pays back.
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Data: College Scorecard API (U.S. Department of Education)
Vintage: 2024-2025 · Last updated: 2026-03-25
Earnings reflect median outcomes for all federal financial aid recipients. Individual results vary by major, effort, and career path.