At $17,460/yr net price, University of Toledo graduates earn $50,632/yr within 10 years of enrollment, which is $16,632/yr above the median for high school graduates.
Cost vs. Outcomes
| Metric | Value |
|---|---|
| Average Net Price (per year) | $17,460 |
| Estimated 4-Year Cost | $69,840 |
| Median Earnings (10yr post-entry) | $50,632/yr |
| Earnings Premium vs. HS Diploma | +$16,632/yr |
| Estimated Break-Even | 4.2 years |
| Graduation Rate (6-year) | 55.6% |
| Median Debt at Graduation | $22,250 |
What You'll Actually Pay
Average net price by family income
| Family Income | Estimated Net Price |
|---|---|
| $0 - $30,000 | $12,763/yr |
| $30,001 - $48,000 | $13,774/yr |
| $48,001 - $75,000 | $17,553/yr |
| $75,001 - $110,000 | $20,182/yr |
| $110,001+ | $21,594/yr |
Earnings by Major
Top programs ranked by median earnings
| Program | Level | Median Earnings | Median Debt |
|---|---|---|---|
| Pharmacy, Pharmaceutical Sciences, and Administration. | Doctoral | $117,184 | $63,987 |
| Allied Health Diagnostic, Intervention, and Treatment Professions. | Master | $103,913 | $107,158 |
| Registered Nursing, Nursing Administration, Nursing Research and Clinical Nursing. | Certificate | $99,547 | |
| Registered Nursing, Nursing Administration, Nursing Research and Clinical Nursing. | Master | $81,210 | $49,000 |
| Electrical, Electronics and Communications Engineering. | Bachelor | $75,623 | $21,250 |
| Chemical Engineering. | Bachelor | $72,742 | $25,750 |
| Mechanical Engineering. | Bachelor | $71,854 | $17,500 |
| Business Administration, Management and Operations. | Master | $71,575 | $34,375 |
| Rehabilitation and Therapeutic Professions. | Doctoral | $68,047 | $71,354 |
| Electromechanical Instrumentation and Maintenance Technologies/Technicians. | Bachelor | $66,169 | $24,021 |
The Risk Factor
55.6% of students at University of Toledo graduate within 6 years. More than half of students finish, but the dropout rate is a real factor in whether this investment pays off.
Analysis
University of Toledo offers solid financial returns for students who choose the right majors, but your program selection makes all the difference. The $17,460 annual net price positions this public university as an affordable option, while the $22,250 median debt load remains manageable compared to national averages.
Pharmacy leads Toledo's earnings potential at $117,184 annually, though you'll graduate with $63,987 in debt. Nursing programs deliver strong returns with graduates earning $81,210 to $99,547, making the healthcare pathway your best bet for ROI. Engineering students, particularly in electrical fields, see solid outcomes at $75,623 with reasonable debt of $21,250.
The concerning pattern emerges in allied health diagnostic programs, where graduates earn $103,913 but carry crushing debt of $107,158. This debt-to-income ratio creates financial stress that undermines the high salary. Toledo's 55.6% graduation rate also poses risk, meaning nearly half of students leave without a degree but often with debt.
You should consider Toledo if you're targeting healthcare, engineering, or pharmacy and can handle the academic demands. The low percentage of students receiving aid (25.7%) suggests limited need-based support, so middle-income families may find themselves paying full price. Toledo works best for Ohio residents seeking affordable professional training in high-demand fields.
Avoid Toledo if you're undecided about your major or considering programs outside the top-earning fields. The 75.88% retention rate indicates academic challenges that could derail your investment. Students seeking extensive financial aid should explore other options given the limited assistance available.
Frequently Asked Questions
Is University of Toledo worth the cost?
University of Toledo offers decent value for students in healthcare and engineering programs, with pharmacy graduates earning $117,000 annually. However, the 55% graduation rate means nearly half of students don't finish, making it risky for those unsure about their major.
What programs at University of Toledo have the best ROI?
Pharmacy leads with $117,000 average earnings, followed by allied health ($103,900) and nursing ($99,500). Engineering programs also perform well at $75,600, while other majors may struggle to justify the cost given the university's overall graduate earnings of $50,600.
How much debt do University of Toledo graduates typically have?
The median debt of $22,250 is manageable compared to many universities. With healthcare and engineering graduates earning $75,000-$117,000, debt payments are reasonable for these fields, but riskier for lower-paying majors.
Does University of Toledo provide good financial aid?
The net price of $17,460 per year is affordable for a four-year university. However, with a 92% acceptance rate and 55% graduation rate, the school admits many students who may not be academically prepared to succeed.