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What is the average financial aid amount at University of Toledo?

For the academic year 2022-2023, total 2,218 full-time, first-time students (97% of all freshmen) awarded any student financial aid. The headcount includes the number of full-time, first-time degree seeking beginning undergraduate students.

For all undergraduate students, total 10,438 students (79% of all students) received grants or scholarships and the average grant amount is $9,446. In addition, 5,097 students received student loans and the average loan amount is $6,484.

Below tables show the number and amount by source of financial aid at University of Toledo.
All Undergraduate Student Financial Aid at University of Toledo
Type of AidNumber Receiving AidPercent Receiving AidAverage Amount of Aid Received
Federal, state, local, institutional or other grant aid10,43879%$9,446
Pell Grants3,52527%$5,032
Federal Student Loans5,09739%$6,484
Beginning Students (Freshmen) Financial Aid at University of Toledo
Type of AidNumber Receiving AidPercent Receiving AidAverage Amount of Aid Received
Any Student Financial Aid2,21897%-
Grants or Scholarship from All Sources2,19496%$10,047
Federal Grants1,52467%$4,685
Pell Grants72332%$5,086
Other Federal Grants1,50266%$2,305
State/Local Grants51122%$2,583
Institutional Grants2,07091%$6,563
Student Loans1,06347%$6,799
Federal Student Loans1,03345%$5,331
Other Student Loans1366%$12,650

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