Office of Student Financial Aid

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Financial Aid 101 for Parents and Families

How to pay for college — we know this topic makes many anxious.

Maybe you've never gone to college. Or if you did, it was many years ago, and things have changed dramatically since you last filled out a financial aid application.

Let's lower your blood pressure right now.

#1. The majority of UToledo students receive some sort of financial aid to help lower their costs.

#2. We are here to help you ― live and in person, via email or by phone. Ask us anything.

Where do I start?


Once you have a ballpark figure of your costs, you can start budgeting.

Our Financial Aid website has an entire section for New and Transfer Undergraduate students. It explains the financial aid process from start to finish, beginning with estimating your costs.

Start here.

New and Transfer Undergraduate Financial Aid

Important Dates

October 1: FAFSA application is available for next academic year
January 3: Priority admission deadline for new freshman merit scholarship eligibility;
Priority application deadline for new freshman UToledo donor general scholarship application
February 1: Priority deadline for FAFSA submission
March: Financial aid offers sent to new undergraduate students;
Application deadline for financial aid donor general scholarship application
Mid-March: Summer Financial Aid application becomes available
Financial aid offers sent to continuing students and graduate students

Priority deadlines are not final deadlines. Applications received on or before the priority deadline will receive priority consideration.

What you need to know ― tips for parents and families


You've heard the word ― probably from other parents and probably in a frustrated tone of voice. It stands for Free Application for Federal Student Aid. If your student wants financial aid, this is where they ― and you ― must begin.

Here's what you as a parent or family member needs to know.

FAFSA for Parents


Scholarships are your student's best bet for financing their education. Free money. No repayment plan.

But it takes some legwork to research and apply.

Guide to Scholarships

Parent Plus Loan

Loans are sometimes the only way to help pay for college. But they can be tricky.

Your student may be eligible for federal loans based on financial need. Generally, these loans are lower interest, have more flexible repayment plans and more benefits than loans from private lenders.

If you still need to fill in some financial gaps, you also may be eligible for a federal Parent PLUS loan. Eligibility is not based on financial need.

Learn more about Parent Plus Loans


More alphabet soup. FERPA stands for the Family Educational Rights and Privacy Act. It's a federal law that prohibits us from releasing information about your student to a third party without written consent. That includes financial information.

If you want to speak with us about information specific to your student, they must fill out a FERPA consent form. They need to go to myUT → Student tab → My Accounts → FERPA Consent.

Learn more about FERPA

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 9 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: 6/27/22