by our College Data Analytics TeamThe total cost of attendance at University of Toledo can seem overwhelming, but remember that the majority of students receive some sort of financial assistance. This could be in the form of scholarships, grants, work-study, or loans.
Interested in understanding the financial aid resources available at University of Toledo and your eligibility? Find the answers you seek below.
University of Toledo average financial aid offer for freshmen students is $7,122.00. About 97% of first year students receive financial aid, most of which is in the form of grants and scholarships.
Financial aid contains loans, grants, and scholarships. But college loans need to be repaid, thus they are not a real college discount.
We feel that loan debt ought to be regarded as a consequence instead of true financial aid. Learn more on student loan debt at University of Toledo.
Institutional scholarships and grants are financial aid awards given by colleges and universities to help students manage tuition costs and other education-related expenses. These awards, which do not need to be repaid, can be classified as merit-based or need-based. Students who excel academically, possess unique talents, or have specific skills can be eligible for merit-based institutional scholarships. Factors such as high school performance, standardized test scores, or participation in extracurricular activities often contribute to eligibility for these scholarships. Need-based institutional grants, on the other hand, are awarded to students who demonstrate financial need. The amount given is generally based on the student’s family’s financial situation, aiming to cover the gap between the cost of attendance and the family’s capacity to pay. To assess a student’s eligibility for need-based grants, colleges and universities may rely on information from the Free Application for Federal Student Aid (FAFSA) or other financial aid forms. Institutional scholarships and grants are essential for students, as they can substantially lower college expenses and make higher education more affordable.
The stats below refer to aid that is provided by University of Toledo.
92% of first-year students (2737 total) were offered scholarships at University of Toledo, averaging $6,234.00 per person. This puts it in the top 50th percentile among colleges and universities nationwide.
As well as scholarships, 41% of freshmen (1215 total) obtained a federal grant, for about $5,097.00 a piece.
The table shows scholarship and grant allocations by income for first-year students receiving any type of federal Title IV assistance, including Federal PLUS loans.
| Income Level | Percent of Freshman | Average Assistance |
|---|---|---|
| Income 0-30k | 14.11% | $11,315.00 |
| Income 30k-48k | 8.14% | $10,568.00 |
| Income 48k-75k | 10.82% | $7,563.00 |
| Income 75k-110k | 11.09% | $5,790.00 |
| Income 110k + | 13.87% | $4,604.00 |
The table above displays students who are getting Title IV aid, federal aid from the government including loans, grants or work-study. Get more info on Title IV here.
97% of the 2984 undergraduates at University of Toledo receive some sort of grant aid. This is a total of about 2862 students getting an average of $7,122.00 per person.
Check out the Tuition and Fees page or the Cost Per Credit Hour page to find out more.
References
More about our data sources and methodologies.