University of Toledo

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2022 Undergraduate Tuition
$9,391
4.02% growth from 2021
2022 Average Net Price
$17,654
After Financial Aid
2019 Default Rate
2.93%
on Student Loans
2022 Acceptance Rate
92.2%
12,575 Applicants
2022 Enrolled Students
15,545
79.4% Full-Time
2022 Graduation Rate
56.5%
1,764 Graduates

About

University of Toledo is a higher education institution located in Lucas County, OH. In 2022, the most popular Bachelors Degree concentrations at University of Toledo were Registered Nursing (277 degrees awarded), General Marketing & Marketing Management (185 degrees), and Mechanical Engineering (164 degrees).

In 2022, 4,541 degrees were awarded across all undergraduate and graduate programs at University of Toledo. 54.2% of these degrees were awarded to women, and 45.8% awarded men. The most common race/ethnicity group of degree recipients was white (3,047 degrees), 9.18 times more than then the next closest race/ethnicity group, black or african american (332 degrees).

The median undergraduate tuition at University of Toledo is $9,391, which is $−20,759 less than the national average for Doctoral Universities ($30,150).

Costs

In 2022, the median undergraduate tuition at University of Toledo is $9,391, which is $−20,759 less than the national average for Doctoral Universities ($30,150).

After taking grants and loans into account, the average net price for students is $17,654.

In 2022, 79% of undergraduate students attending University of Toledo received financial aid through grants. Comparatively, 39% of undergraduate students received financial aid through loans.

Tuition Costs

$9,391
2022 Undergraduate Tuition

In 2022, the cost of tuition at University of Toledo was $9,391. The cost of tuition at University of Toledo is $−20,759 less than than the overall (public and private) national average for Doctoral Universities ($30,150).

This chart compares the tuition costs of University of Toledo (in red) with those of other similar universities.

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Average Net Price

$17,654
2022 Value
0.619%
1 Year Growth

In 2022 University of Toledo had an average net price — the price paid after factoring in grants and loans — of $17,654. Between 2021 and 2022, the average net price of University of Toledo grew by 0.619%.

This chart compares the average net price of University of Toledo (in red) with that of other similar universities.

Average net price is calculated from full-time beginning undergraduate students who were awarded a grant or scholarship from federal, state or local governments, or the institution.

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Other Student Expenses

$10,373
Room and Board
$1,240
Books and Supplies

The average yearly cost of room and board at University of Toledo was of $10,373 in 2022. The cost of room and board increased by 4.2% between 2021 and 2022.

During the same period, the average yearly cost of books and supplies was $1,240. The cost of books and supplies increased by 5.08% during the same period.

This chart compares the average student costs at University of Toledo (in red) with that of similar universities.

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Financial Aid by Income Level

79%
Undergraduates Receiving Financial Aid through Grants
39%
Undergraduates Receiving Financial Aid through Loans

79% of undergraduate students at University of Toledo received financial aid through grants or loans in 2022. This represents a growth of 6.76% with respect to 2021, when 74% of undergraduate students received financial aid.

This chart compares the average award discount at University of Toledo (in red) with that of other similar universities.

The average award discount is the ratio between the average grant or scholarship value, and the cost, which is the sum of out-of-state tuition, room, board, book, supplies, and other expenses.

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Student Loan Default Rate

Cohort default rates only account for borrowers who default in the first three years, and some schools only have a small proportion of borrowers entering repayment. These rates should be interpreted with caution, as they may not be reflective of the entire school population.
2.93%
2019 Default Rate
131
Number of Defaults

In 2019 the default rate for borrower's at University of Toledo was 2.93%, which represents 131 out of the 4478 total borrowers.

A cohort default rate is the percentage of a school's borrowers who enter repayment on certain Federal Family Education Loan (FFEL) Program or William D. Ford Federal Direct Loan (Direct Loan) Program loans during a particular federal fiscal year (FY), October 1 to September 30, and default or meet other specified conditions prior to the end of the second following fiscal year.

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Admissions

University of Toledo received 12,575 undergraduate applications in 2022, which represents a 27.1% annual growth. Out of those 12,575 applicants, 11,598 students were accepted for enrollment, representing a 92.2% acceptance rate.

There were 15,545 students enrolled at University of Toledo in 2022. 15% of first-time enrollees submitted SAT scores with their applications.

University of Toledo has an overall enrollment yield of 18.4%, which represents the number of admitted students who ended up enrolling.

Acceptance Rate

92.2%
Acceptance Rate in 2022
11,598
Accepted Out of 12,575

In 2022, the undergraduate acceptance rate of University of Toledo was 92.2% (11,598 admissions from 12,575 applications). This is lower than the acceptance rate of 2021, which was 96.5%. Between 2021 and 2022, the number of applicants grew by 27.1%, while admissions grew by 21.5%..

This chart compares the acceptance rate of University of Toledo (in red) with that of other similar universities, and the chart below shows the acceptance rate by gender.

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SAT Scores

15%
Submission Percentage (2022)
309
Scores Submitted (2022)

15% of enrolled first-time students at University of Toledo in 2022 submitted SAT scores with their applications.

The following chart shows the average SAT scores for the 25th, 50th, and 75th percentile of applicants for each section of the test that they are evaluated on.

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Enrollment

University of Toledo had a total enrollment of 15,545 students in 2022. The full-time enrollment at University of Toledo is 12,338 students and the part-time enrollment is 3,207. This means that 79.4% of students enrolled at University of Toledo are enrolled full-time.

The enrolled student population at University of Toledo, both undergraduate and graduate, is 65.1% White, 8.63% Black or African American, 5.31% Hispanic or Latino, 3.49% Asian, 3.44% Two or More Races, 0.0901% Native Hawaiian or Other Pacific Islanders, and 0.0836% American Indian or Alaska Native.

Students enrolled at University of Toledo in full-time Undergraduate programs are most commonly White Female (34%), followed by White Male (33.6%) and Black or African American Female (5.08%). Students enrolled in full-time Graduate programs are most commonly White Female (34.1%), followed by White Male (20.3%) and Asian Female (3.53%).

Full-Time vs Part-Time Enrollment

79.4%
Full-Time Enrollment

The total enrollment at University of Toledo in 2022, both undergraduate and graduate, is 15,545 students. The full-time enrollment at University of Toledo is 12,338 and the part-time enrollment is 3,207. This means that 79.4% of students enrolled at University of Toledo are enrolled full-time compared with 77.4% at similar Doctoral Universities.

This chart shows the full-time vs part-time enrollment status at University of Toledo (in red) compares to similar universities.

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Retention Rate over Time

75%
2022 Retention Rate

Retention rate measures the number of first-time students who began their studies the previous fall and returned to school the following fall. The retention rate for full-time undergraduates at University of Toledo was 75%. Compared with the full-time retention rate at similar Doctoral Universities (84%), University of Toledo had a retention rate lower than its peers.

This chart shows the retention rate over time at University of Toledo (highlighted in red) compares to similar universities.

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Enrollment by Race & Ethnicity

Most Common Race or Ethnicity (2022)
  1. White
    10,124 enrolled students
  2. Black or African American
    1,341 enrolled students
  3. Hispanic or Latino
    826 enrolled students

The enrolled student population at University of Toledo is 65.1% White, 8.63% Black or African American, 5.31% Hispanic or Latino, 3.49% Asian, 3.44% Two or More Races, 0.0901% Native Hawaiian or Other Pacific Islanders, and 0.0836% American Indian or Alaska Native. This includes both full-time and part-time students as well as graduate and undergraduates. By comparison, enrollment for all Doctoral Universities is 47.5% White, 15.5% Hispanic or Latino, and 9.58% Black or African American.

Any student who is studying in the United States on a temporary basis is categorized as a "Non-Resident Alien", and the share of those students are shown in the chart below. Additionally, 771 students (4.96%) did not report their race.

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Graduates

In 2022, 385 more women than men received degrees from University of Toledo. The most common race/ethnicity group of degree recipients at University of Toledo is white (3,047 degrees awarded). There were 9.18 times more white recipients than the next closest race/ethnicity group, black or african american (332 degrees).

The most common Bachelor's Degree concentration at University of Toledo is Registered Nursing (277 degrees awarded), followed by General Marketing & Marketing Management (185 degrees) and Mechanical Engineering (164 degrees).

In 2022,  the most specialized majors across all degree types at University of Toledo, meaning they have significantly more degrees awarded in that concentration than the national average across all institutions, are Engineering (584 degrees awarded), Biology (338 degrees), and Legal (122 degrees).

Common Jobs by Major

Most Common Job

The most common jobs for people who hold a degree in one of the 5 most specialized majors at University of Toledo are Software developers (480,104 people), Physicians (423,367 people), Other managers (419,368 people), Miscellaneous engineers, including nuclear engineers (364,261 people), and Civil engineers (286,124 people).

The most specialized majors at University of Toledo in 2022 are Engineering (584 degrees awarded), Biology (338 degrees), Legal (122 degrees), Engineering Technologies (127 degrees), and Philosophy and Religious Studies (26 degrees) (as of 2022).

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Highest Paying Jobs by Major

Highest Paying Job

The highest paying jobs for people who hold a degree in one of the 5 most specialized majors at University of Toledo are Podiatrists, Cardiovascular technologists and technicians, Surgeons, Securities, commodities, & financial services sales agents, and Physicians

The most specialized majors at University of Toledo are Engineering (584 degrees awarded), Biology (338 degrees), Legal (122 degrees), Engineering Technologies (127 degrees), and Philosophy and Religious Studies (26 degrees) (as of 2022).

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Common Industries by Major

Most Common Industry

The most common industries for people who hold a degree in one of the 5 most specialized majors at University of Toledo are Computer Systems Design (530,804 people), General medical and surgical hospitals, and specialty (except psychiatric and substance abuse) hospitals (523,899 people), Architectural, engineering & related services (459,370 people), Colleges, universities & professional schools, including junior colleges (445,801 people), and Construction (331,698 people).

The most specialized majors at University of Toledo are Engineering (584 degrees awarded), Biology (338 degrees), Legal (122 degrees), Engineering Technologies (127 degrees), and Philosophy and Religious Studies (26 degrees) (as of 2022).

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Majors Awarded

IPEDS uses the Classification of Instructional Programs (CIP) standard, so the categories may not match the exact concentrations offered by University of Toledo.
Most Common (2022)
  1. 277 degrees awarded
  2. 185 degrees awarded
  3. 164 degrees awarded

In 2022, the most common bachelors degree concentration at University of Toledo was Registered Nursing with 277 degrees awarded.

This visualization illustrates the percentage of degree-majors recipients from bachelors degree programs at University of Toledo according to their major.

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Sex Breakdown for Common Majors

2,078
Degrees Awarded to Men
in 2022
2,463
Degrees Awarded to Women
in 2022

In 2022, 2,078 degrees were awarded to men at University of Toledo, which is 0.844 times less than the number of degrees awarded to females (2,463).

This chart displays the sex disparity between the top 5 majors at University of Toledo by degrees awarded.

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Most Common Male Majors

In 2022, 165 degrees were awarded to men at University of Toledo in Mechanical Engineering, which is 6.6 times more than the 25 female recipients with that same degree.

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Most Common Female Majors

In 2022, 249 degrees were awarded to men at University of Toledo in Registered Nursing, which is 6.92 times more than the 36 male recipients with that same degree.

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Time to Complete

31%
100% Completion Time
53%
150% Completion Time

In 2022, 31% of students graduating from University of Toledo completed their program within 100% "normal time" (i.e. 4 years for a 4-year degree). Comparatively, 53% completed their degrees within 150% of the normal time, and 55% within 200%.

The following chart shows these completion rates over time compared to the average for the Doctoral Universities Carnegie Classification group.

Graduation rate is defined as the percentage of full-time, first-time students who received a degree or award within a specific percentage of "normal time" to completion for their program.

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Graduation Rate by Race and Sex

Showing demographic groups with ≥ 5 graduating students.
Asian Female
Highest Graduation Rate (81.3%)

The student demographic with the highest graduation rate in 2022 at University of Toledo is Female and Asian (81.3% graduation rate). Across all Doctoral Universities, Asian Female students have the highest graduation rate (73.2%).

The department of education defines graduation rate as the percentage of full-time, first-time students who received a degree or award within 150% of "normal time" to completion.

The National Center for Education Statistics (NCES) categorizes any student who is studying in the United States on a temporary basis as a "Non-Resident Alien", and the graduation rate of those students is shown in the chart below. Additionally, 2.38% of graduates (42 students) did not report their race.

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Race & Ethnicity by Share

Most Common Student Race or Ethnicity (2022)
  1. White
    3,047 degrees awarded
  2. Black or African American
    332 degrees awarded
  3. Hispanic or Latino
    199 degrees awarded

The most common race/ethnicity at University of Toledo is white (3,047 degrees awarded). There were 9.18 times more white recipients than the next closest race/ethnicity group, black or african american (332 degrees).

4.25% of degree recipients (193 students) did not report their race.

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Race & Ethnicity by Sex

Most Common Sex Demographic (2022)
  1. White Female
    1,664 degrees awarded
  2. White Male
    1,383 degrees awarded
  3. Black or African American Female
    209 degrees awarded

The most common race/ethnicity and sex grouping at University of Toledo is white female (1,664 degrees awarded). There were 1.2 times more white female recipients than the next closest race/ethnicity group, white male (1383 degrees).

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Operations

University of Toledo has an endowment valued at nearly $353M, as of the end of the 2022 fiscal year. The return on its endowment was of −NaNM (−9.37%) compared to the 1.13% average return (4.2M on 373M) across all Doctoral Universities.

In 2022, University of Toledo had a total salary expenditure of 909M. University of Toledo employs 191 Professors, 150 Lecturers and 142 Associate professors. Most academics at University of Toledo are Male Professor (133), Female Lecturer (96), and Male Associate professor (85).

The most common positions for non-instructional staff at University of Toledo are: Management, with 292 employees, Community, Social Service, Legal, Arts, Design, Entertainment, Sports and Media, with 204 employees, and Office and Administrative Support with 182 employees.

Endowment

$353M
2022 Endowment
7.54%
decline from 2021

University of Toledo has an endowment valued at about $353M, as of the end of the 2022 fiscal year. The endowment of University of Toledo declined 7.54% from the previous year. The value of their endowment was $20.2M lower than than the median endowment of Doctoral Universities according to the Carnegie Classification grouping.

This line chart shows how the endowment at University of Toledo (in red) compares to that of some similar universities.

The small bar chart below shows the endowment quintiles for all universities in the Doctoral Universities: Higher Research Activity Carnegie Classification grouping.

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Government Grants and Contracts

Grants & Contracts
  1. $44.4M - Federal
  2. $2.57M - State
  3. $497k - Local

As of 2022, University of Toledo received $44.4M in grants and contracts from the federal government, $2.57M from state grants and contracts, and $497k from local grants and contracts.

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Salary Expenditure

$448M
2022 Salaries
7.5%
growth from 2021

In 2022, University of Toledo paid a median of $448M in salaries, which represents 49.3% of their overall expenditure ($909M) and a 7.5% growth from the previous year.

The median for similar Doctoral Universities is 246M (41.5% of overall expenditures).

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Instructional Salaries

$57.8M
Instructional Salaries
616
Number of Employees

In 2022, University of Toledo paid a total of $57.8M to 616 employees working as instructors, which represents 12.9% of all salaries paid.

This is compared to a median of $73.7M (30%) for similar Doctoral Universities.

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Occupations by Share

Professor
Most Common Instructor
191 Employees
Management
Most Common Non-Instructional Employee
292 Employees

In 2022, the most common positions for instructional staff at University of Toledo were Professor with 191 employees, Lecturer with 150 employees, and Associate professor with 142 employees.

In 2022, the most common positions for non-instructional staff at University of Toledo were Management with 292 employees, Community, Social Service, Legal, Arts, Design, Entertainment, Sports and Media with 204 employees, and Office and Administrative Support with 182 employees.

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Instructors by Academic Rank and Sex

Most Common Demographic (2022)
  1. Male Professor
  2. Female Lecturer
  3. Male Associate professor

In 2022, the most common demographic for instructional staff at University of Toledo was Male Professor with 133 employees, Female Lecturer with 96 employees, and Male Associate professor with 85 employees.

This chart shows the sex split between each academic rank present at University of Toledo.

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