University of Toledo

University of Toledo Financial Aid

Students who are applying for financial aid at University of Toledo need to submit the Free Application for Federal Student Aid (or FAFSA). The FAFSA uses financial information from the prior, prior year which means that you don’t need to wait for the year to end and can use last year’s financial information.

The FAFSA code for University of Toledo is 003131.

If you are looking for more information on how to complete the FAFSA, check out our How to Complete the FAFSA Guide.

Using State Grants at Toledo

If you're an Ohio resident considering Toledo, be sure to look into state grants like the Ohio College Opportunity Grant and Choose Ohio First. The Ohio College Opportunity Grant is a need-based grant for students with high demonstrated financial need. You can use it at both private and public schools, and the award varies based on need and academic program. The Ohio College Opportunity Grant is available to Ohio students pursuing a STEM degree in-state.

Midwest Student Tuition Exchange

Toledo is in a state that participates in the Midwest Student Exchange. That means that if you are a resident of Indiana, Kansas, Minnesota, Mississippi, Nebraska, North Dakota, Ohio, or Wisconsin, you may qualify for discounted tuition at Toledo. This program applies to both private and public institutions, although the discount at private institutions is lower. Check their website for more information on eligibility and what your discount would be.

Pell Grants at University of Toledo

31% of students at University of Toledo receive Pell Grants, which are awarded to undergraduate students with demonstrated financial need (students who have a bachelor’s or professional degree are not eligible). Pell Grants are awarded by the federal government and do not need to be repaid. To apply for a Pell Grant, students will need to submit their FAFSA. If you are awarded a Pell Grant, you’ll see it listed in your financial aid award letter if you are accepted to University of Toledo.

You can learn more about Pell Grant eligibility here.

Outside Scholarships

Toledo students can also apply for outside scholarships to fund their education. Outside scholarships are awards that are offered by private and non-profit organizations. If you want to see what outside scholarships you are eligible for, check out these resources:

• Top scholarships for high school seniors
• Top scholarships for college students
• Scholarship database

1118 is the median SAT score and 25 is the median ACT score for admitted students at Toledo. A score that is close to this median value indicates that you have a good chance of admission to the institution. However, it’s important to remember that colleges judge applications holistically. If the rest of your application is strong, it’s possible to make up for lower test scores.

Is Toledo test-optional?

University of Toledo is test-optional, which means that it does not require applicants to submit their SAT or ACT scores. That means that some students will submit their test scores and others will not. If you choose not to submit your ACT or SAT score, the admissions officers will weigh your grades, extracurricular activities, essays, and interviews more heavily. If you are not sure whether you should submit your standardized test scores, our guide on submitting scores to test-optional schools can help.

What SAT/ACT score do you need to get into University of Toledo?

Colleges use standardized tests like the SAT and ACT as one of many factors to determine their admissions decisions. A high score on one of these tests does not guarantee admission to a college, and a low score does not guarantee rejection. However, the majority of accepted applicants to University of Toledo receive between a 21 and a 28 on their ACT, or a 1015 and a 1245 on their SAT.

Rolling deadline at Toledo

University of Toledo accepts applications on a rolling basis. That means that the earlier you submit your application, the better chance you have of gaining admission and strong financial aid. Many schools with rolling admissions have priority deadlines, which means that students that submit their application before these dates have a better chance of receiving financial aid. Be sure to check Toledo's website to become familiar with their admissions dates.

What is the graduation rate at University of Toledo?

55% of students who start at University of Toledo end up finishing their degree within six years of enrolling. This is 3% less than the national median. A higher graduation rate indicates that students have better experiences at an institution.

How much do graduates of University of Toledo go on to earn?

10 years after starting school at University of Toledo, the median earnings among students who received federal financial aid was $50,632. This is $241 more than the national median.

Earnings can vary widely based on many factors other than school choice. Your major and career path can cause substantial changes in your income down the line. For more information, check out our article on the average starting salary out of college.

How much do students at Toledo take out in loans?

Graduates of Toledo have to take out a median of $22,250 in federal student loans. This is $8,750 more than the national median. As you make decisions about your college loans, it’s important to inform yourself on the advantages and disadvantages of each loan option. Our guide to navigating these different options is a great place to start.