University of Toledo

www.utoledo.edu

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2023 Undergraduate Tuition

$9,753

3.85% growth from 2022

2023 Average Net Price

$17,927

After Financial Aid

2020 Default Rate

on Student Loans

2023 Acceptance Rate

94.8%

11,184 Applicants

2023 Enrolled Students

14,939

79.2% Full-Time

2023 Graduation Rate

57.7%

1,715 Graduates

About

University of Toledo is a higher education institution located in Lucas County, OH. In 2023, the most popular Bachelors Degree concentrations at University of Toledo were Registered Nursing (285 degrees awarded), General Marketing & Marketing Management (159 degrees), and Mechanical Engineering (150 degrees).

In 2023, 4,366 degrees were awarded across all undergraduate and graduate programs at University of Toledo. 55.1% of these degrees were awarded to women, and 44.9% awarded men. The most common race/ethnicity group of degree recipients was white (2,960 degrees), 8.68 times more than then the next closest race/ethnicity group, black or african american (341 degrees).

The median undergraduate tuition at University of Toledo is $9,753, which is $−21,250 less than the national average for Doctoral Universities ($31,004).

In 2020 the default rate for borrower's at University of Toledo was 0%, corresponding to 0 out of the 4,043 total borrowers.

Photo by Qusai Al Shidi

Doctoral Universities: Higher Research Activity Doctoral Universities

Costs

In 2023, the median undergraduate tuition at University of Toledo is $9,753, which is $21,251 less than the national average for Doctoral Universities ($31,004).

After taking grants and loans into account, the average net price for students is $17,927.

In 2023, 71% of undergraduate students attending University of Toledo received financial aid through grants. Comparatively, 38% of undergraduate students received financial aid through loans.

Tuition Costs

$9,753

2023 Undergraduate Tuition

In 2023, the cost of tuition at University of Toledo was $9,753. The cost of tuition at University of Toledo is $−21,251 less than than the overall (public and private) national average for Doctoral Universities ($31,004).

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

Average Net Price

$17,927

2023 Value

1.55%

1 Year Growth

In 2023 University of Toledo had an average net price — the price paid after factoring in grants and loans — of $17,927. Between 2022 and 2023, the average net price of University of Toledo grew by 1.55%.

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.

Other Student Expenses

$10,964

Room and Board

$1,240

Books and Supplies

The average yearly cost of room and board at University of Toledo was of $10,964 in 2023. The cost of room and board increased by 5.7% between 2022 and 2023.

During the same period, the average yearly cost of books and supplies was $1,240. The cost of books and supplies did not change during the same period.

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

Financial Aid by Income Level

71%

Undergraduates Receiving Financial Aid through Grants

38%

Undergraduates Receiving Financial Aid through Loans

71% of undergraduate students at University of Toledo received financial aid through grants or loans in 2023. This represents a decline of 10.1% with respect to 2022, when 79% 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.

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.

2020 Default Rate

Number of Defaults

In 2020 the default rate for borrower's at University of Toledo was 0%, which represents 0 out of the 4043 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.

Admissions

University of Toledo received 11,184 undergraduate applications in 2023, which represents a 11.1% annual growth. Out of those 11,184 applicants, 10,606 students were accepted for enrollment, representing a 94.8% acceptance rate.

There were 14,939 students enrolled at University of Toledo in 2023. 10% of first-time enrollees submitted SAT scores with their applications.

University of Toledo has an overall enrollment yield of 20%, which represents the number of admitted students who ended up enrolling.

Acceptance Rate

94.8%

Acceptance Rate in 2023

10,606

Accepted Out of 11,184

In 2023, the undergraduate acceptance rate of University of Toledo was 94.8% (10,606 admissions from 11,184 applications). This is higher than the acceptance rate of 2022, which was 92.2%. Between 2022 and 2023, the number of applicants declined by 11.1%, while admissions declined by 8.55%.

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.

SAT Scores

10%

Submission Percentage (2023)

219

Scores Submitted (2023)

10% of enrolled first-time students at University of Toledo in 2023 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.

Enrollment

University of Toledo had a total enrollment of 14,939 students in 2023. The full-time enrollment at University of Toledo is 11,834 students and the part-time enrollment is 3,105. This means that 79.2% of students enrolled at University of Toledo are enrolled full-time.

The enrolled student population at University of Toledo, both undergraduate and graduate, is 63.2% White, 8.79% Black or African American, 5.99% Hispanic or Latino, 3.81% Asian, 3.59% Two or More Races, 0.087% American Indian or Alaska Native, and 0.0736% Native Hawaiian or Other Pacific Islanders.

Students enrolled at University of Toledo in full-time Undergraduate programs are most commonly White Female (33.4%), followed by White Male (33%) and Black or African American Female (5.27%). Students enrolled in full-time Graduate programs are most commonly White Female (32.6%), followed by White Male (19.9%) and Asian Female (3.65%).

Full-Time vs Part-Time Enrollment

79.2%

Full-Time Enrollment

The total enrollment at University of Toledo in 2023, both undergraduate and graduate, is 14,939 students. The full-time enrollment at University of Toledo is 11,834 and the part-time enrollment is 3,105. This means that 79.2% of students enrolled at University of Toledo are enrolled full-time compared with 77.9% 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.

Retention Rate over Time

76%

2023 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 76%. 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.

Enrollment by Race & Ethnicity

Most Common Race or Ethnicity (2023)

White
9,444 enrolled students
Black or African American
1,313 enrolled students
Hispanic or Latino
895 enrolled students

The enrolled student population at University of Toledo is 63.2% White, 8.79% Black or African American, 5.99% Hispanic or Latino, 3.81% Asian, 3.59% Two or More Races, 0.087% American Indian or Alaska Native, and 0.0736% Native Hawaiian or Other Pacific Islanders. This includes both full-time and part-time students as well as graduate and undergraduates. By comparison, enrollment for all Doctoral Universities is 46.5% White, 15.9% Hispanic or Latino, and 9.78% 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, 730 students (4.89%) did not report their race.

Graduates

In 2023, 446 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 (2,960 degrees awarded). There were 8.68 times more white recipients than the next closest race/ethnicity group, black or african american (341 degrees).

The most common Bachelor's Degree concentration at University of Toledo is Registered Nursing (285 degrees awarded), followed by General Marketing & Marketing Management (159 degrees) and Mechanical Engineering (150 degrees).

In 2023, 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 (533 degrees awarded), Legal (125 degrees), and Engineering Technologies (152 degrees).

Common Jobs by Major

Software developers

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 (514,837 people), Physicians (428,080 people), Other managers (428,049 people), Miscellaneous engineers, including nuclear engineers (378,354 people), and Civil engineers (303,791 people).

The most specialized majors at University of Toledo in 2023 are Engineering (533 degrees awarded), Legal (125 degrees), Engineering Technologies (152 degrees), Biology (318 degrees), and Philosophy and Religious Studies (26 degrees) (as of 2023).

Highest Paying Jobs by Major

Podiatrists

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 (533 degrees awarded), Legal (125 degrees), Engineering Technologies (152 degrees), Biology (318 degrees), and Philosophy and Religious Studies (26 degrees) (as of 2023).

Common Industries by Major

Computer Systems Design

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).

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 (2023)

Registered Nursing
285 degrees awarded
General Marketing & Marketing Management
159 degrees awarded
Mechanical Engineering
150 degrees awarded

In 2023, the most common bachelors degree concentration at University of Toledo was Registered Nursing with 285 degrees awarded.

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

Sex Breakdown for Common Majors

1,960

Degrees Awarded to Men

in 2023

2,406

Degrees Awarded to Women

in 2023

In 2023, 1,960 degrees were awarded to men at University of Toledo, which is 0.815 times less than the number of degrees awarded to females (2,406).

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

Most Common Male Majors

In 2023, 141 degrees were awarded to men at University of Toledo in Mechanical Engineering, which is 4.7 times more than the 30 female recipients with that same degree.

Most Common Female Majors

In 2023, 281 degrees were awarded to men at University of Toledo in Registered Nursing, which is 6.53 times more than the 43 male recipients with that same degree.

Time to Complete

32%

100% Completion Time

56%

150% Completion Time

In 2023, 32% of students graduating from University of Toledo completed their program within 100% "normal time" (i.e. 4 years for a 4-year degree). Comparatively, 56% completed their degrees within 150% of the normal time, and 58% 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.

Graduation Rate by Race and Sex

Showing demographic groups with ≥ 5 graduating students.

Asian Female

Highest Graduation Rate (81.1%)

The student demographic with the highest graduation rate in 2023 at University of Toledo is Female and Asian (81.1% graduation rate). Across all Doctoral Universities, Non-resident Alien Male students have the highest graduation rate (65.7%).

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, 4.61% of graduates (79 students) did not report their race.

Race & Ethnicity by Share

Most Common Student Race or Ethnicity (2023)

White
2,960 degrees awarded
Black or African American
341 degrees awarded
Hispanic or Latino
178 degrees awarded

The most common race/ethnicity at University of Toledo is white (2,960 degrees awarded). There were 8.68 times more white recipients than the next closest race/ethnicity group, black or african american (341 degrees).

3.3% of degree recipients (144 students) did not report their race.

Race & Ethnicity by Sex

Most Common Sex Demographic (2023)

White Female
1,680 degrees awarded
White Male
1,280 degrees awarded
Black or African American Female
212 degrees awarded

The most common race/ethnicity and sex grouping at University of Toledo is white female (1,680 degrees awarded). There were 1.31 times more white female recipients than the next closest race/ethnicity group, white male (1,280 degrees).

Operations

University of Toledo has an endowment valued at nearly $365M, as of the end of the 2023 fiscal year. The return on its endowment was of 21.6M (5.92%) compared to the 4.37% average return (19M on 434M) across all Doctoral Universities.

In 2023, University of Toledo had a total salary expenditure of 1.06B. University of Toledo employs 187 Professors, 138 Associate professors and 135 Lecturers. Most academics at University of Toledo are Male Professor (126), Male Associate professor (85), and Female Lecturer (83).

The most common positions for non-instructional staff at University of Toledo are: Management, with 275 employees, Community, Social Service, Legal, Arts, Design, Entertainment, Sports and Media, with 188 employees, and Office and Administrative Support with 155 employees.

Endowment

$365M

2023 Endowment

3.49%

growth from 2022

University of Toledo has an endowment valued at about $365M, as of the end of the 2023 fiscal year. The endowment of University of Toledo grew 3.49% from the previous year. The value of their endowment was $69M 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.

Government Grants and Contracts

Grants & Contracts

$47.6M - Federal
$3M - State
$441k - Local

As of 2023, University of Toledo received $47.6M in grants and contracts from the federal government, $3M from state grants and contracts, and $441k from local grants and contracts.

Salary Expenditure

$457M

2023 Salaries

2.07%

growth from 2022

In 2023, University of Toledo paid a median of $457M in salaries, which represents 43.3% of their overall expenditure ($1.06B) and a 2.07% growth from the previous year. This is compared to a 7.5% growth between 2021 and 2022, and a 4.81% decline between 2020 and 2021.

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

Instructional Salaries

$54.7M

Instructional Salaries

575

Number of Employees

In 2023, University of Toledo paid a total of $54.7M to 575 employees working as instructors, which represents 12% of all salaries paid.

This is compared to a median of $6.13M (2.35%) for similar Doctoral Universities.

Occupations by Share

Professor

Most Common Instructor

187 Employees

Management

Most Common Non-Instructional Employee

275 Employees

In 2023, the most common positions for instructional staff at University of Toledo were Professor with 187 employees, Associate professor with 138 employees, and Lecturer with 135 employees.

In 2023, the most common positions for non-instructional staff at University of Toledo were Management with 275 employees, Community, Social Service, Legal, Arts, Design, Entertainment, Sports and Media with 188 employees, and Office and Administrative Support with 155 employees.

Instructors by Academic Rank and Sex

Most Common Demographic (2023)

Male Professor
Male Associate professor
Female Lecturer

In 2023, the most common demographic for instructional staff at University of Toledo was Male Professor with 126 employees, Male Associate professor with 85 employees, and Female Lecturer with 83 employees.

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

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