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#5 Best Public Universities in Ohio

University of Toledo Tuition & Cost

Toledo, Ohio

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How much does it cost to attend?

In State Ohio Resident Sticker Price
$28,932
In State Costs for University of Toledo
Fee Cost
Tuition$9,197
Books and Supplies$1,180
Other Fees$1,885
Room and Board $12,590
Other Expenses Budget$4,080
Out of State Resident Sticker Price
$38,292
Out of State Costs for University of Toledo
Fee Cost
Tuition$18,557
Books and Supplies$1,180
Other Fees$1,885
Room and Board $12,590
Other Expenses Budget$4,080

Residents of Ohio pay an annual total price of $28,932 to attend University of Toledo on a full time basis. This fee is comprised of $9,197 for tuition, $12,590 room and board, $1,180 for books and supplies and $1,885 for other fees.

Out of state residents are charged a total cost of $38,292 which is 32.4% higher than Ohio residents. The tuition charge is $18,557 while room and board is $12,590, books and supplies are $1,180 and other fees come in at $1,885.

All price data is sourced from the 2020/2021 U.S. Department of Education National Center for Education Statistics survey.

Net Price

Net price is indicative of what it actually costs to attend University of Toledo when typical grants and scholarships are considered. The net price varies by family income and financial need.

Average Net Price 2019/2020
$17,793
Net Price by Income University of Toledo
Family Income Net Price Paid
$0 to $30,000$13,803
$30,001 to $48,000$14,550
$48,001 to $75,000$17,555
$75,001 to $110,000$19,328
$110,000+$20,514

The average reported annual net price for University of Toledo for students receiving grants or scholarship aid was $17,793 in 2019/2020. Net price includes tuition and required fees, books and supplies, and average cost for room and board and other expenses

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Financial Aid

97% of full-time undergrad University of Toledo received financial aid in the form of grants, scholarships, fellowships from the institution or from Federal, State or local government agencies. This aid averaged $8,735 per student during the 2019/2020 school year. Grant and scholarship aid does not need to be paid back. 55% of students received Federal Student Loans averaging $5,308 and 7% of undergrads took out private student loans averaging $11,343.

Finanical Aid University of Toledo
Type Avg./Student Students Receiving
Total Grant and Scholarship Aid $8,735 97%
Institutional Grants and Scholarships $6,234 92%
Pell Grants $4,628 34%
Other Federal Grants $1,314 37%
State and Local Grants $2,489 23%
Federal Student Loans $5,308 55%
Other Student Loans $11,343 7%

Student Loans

To gauge a more realistic picture of what it may really cost you out of pocket to go to University of Toledo, we've modeled a ten year student loan with an original principal value of $52,260. The loan balance of $52,260 is a four year multiple of the $13,065 average net price. This is a estimate of what you could owe upon graduation if you were to qualify for average financial aid and what a degree really may cost. Should you not qualify for financial aid, you may owe significantly more when you graduate. Based on these assumptions, a monthly repayment of $499 could be required to satisfy your student loan.

Please note that financial aid is not guaranteed and is only available for qualifying students. Federal Student Loans are not grants and must be repaid with interest. The current Stafford loan interest rate is 2.75%.

Example Loan $52,260
Stafford Loan Interest Rate 2.75%
Time to Pay Off Student Loan 10 years
Example Monthly Payment $498.62
Total Interest Paid $7,574.17
Sum of All Loan Payments $59,834.17

Projected 4 Year Degree Price

4 Year Sticker Price
$115,728
Year Ohio Residents Non Residents
1 $28,932 $38,292
2 $29,755 $39,381
3 $30,601 $40,501
4 $31,471 $41,653

Based on published tuition prices, we estimate the current cost of a 4 year bachelor's degree and living expenses at University of Toledo to be $115,728 - assuming graduation in normal time. The estimation assumes a 2.8% annual increase over the next 4 years which has been the recent trend for this school.

Credit Hour Cost and Price per Class

Credit Hour and Class Costs at University of Toledo
Price Per Credit 3 Credit Class 4 Credit Class
Ohio Residents $364 $1,092 $1,456
Out of State Residents $754 $2,262 $3,016

Estimated cost for a class at University of Toledo based on published credit hour prices. Note that not all schools allow single class enrollment. These prices should be used for comparison purposes as to how much it may cost to take a class at University of Toledo versus other colleges.

Tuition Payment Plans Available

University of Toledo Payment Plans
Tuition Payment Plan Yes
Prepaid Tuition Plan No
Alternative Tuition Plan Yes
Guaranteed Tuition Plan No

Primary data source, U.S. Department of Education https://nces.ed.gov/collegenavigator/?id=206084 IPEDS survey data for University of Toledo.