Office of Student Financial Aid


A loan is money you borrow from the federal government or private lenders like banks. You pay it back with interest over time.

Generally, student loans from the federal government are lower interest, have more flexible repayment plans and more benefits than loans from private lenders.

You can use loans to pay for any educational expenses (tuition, on- or off-campus housing, school supplies, etc.).

Loans are probably the most confusing area of financial aid. Always do your homework. Know the terms and conditions, interest rates and who is making the loan.


tracking your federal student loan debt

You can keep track of your federal student loan debt at with your FSA ID.

average debt of 2022 uToledo graduates

Number of 2021 graduates: 1,623
Average debt: $23,643.94

Number of 2021 graduates: 590
Average debt: $68,295.24  


Number of 2021 graduates: 140
Average debt: $207,776.00 (Source: Liaison Committee on Medical Education - LCME)

Number of 2021 graduates: 69
Average debt: $84,246.75  

Have Questions?

Ask Rocket Solution Central.

Rocket Solution Central — or RSC — is your one-stop answer shop for financial aid questions.

Call 419.530.8700
Monday - Wednesday and Friday 8:30 a.m. - 4:45 p.m.
Thursday 10 a.m. - 4:45 p.m.
Visit 1200 Rocket Hall
Monday - Friday 8:30 a.m. - 5 p.m.

No need to wait in line. Register through Rocket Q ahead of time or when you arrive. You'll receive wait-time updates and be notified when it's your turn.

Register by texting "University of Toledo" to 419.419.3430 or by entering your information online.

Financial Wellness

We could all use some help managing our money ― whether you’re a high school student, undergraduate or upperclassman ready to graduate.

UToledo's financial wellness team offers workshops, presentations and tools to help you improve your money management skills. You can even schedule an appointment with our counselor to discuss your personal financial plan.

  • How to pay for college
  • Managing student loans
  • Making a budget
  • And more
Financial Wellness Services
Last Updated: 7/24/23