Median Earnings (1yr)
$77,011
88th percentile (60th in OH)
Median Debt
$17,900
28% below national median
Debt-to-Earnings
0.23
Manageable
Sample Size
177
Adequate data

Analysis

The University of Toledo delivers one of the strongest financial outcomes for mechanical engineering in Ohio, but the story is more nuanced than the numbers first suggest. While graduates earn $77,011 straight out of school—well above both the national median ($70,744) and Ohio's median ($69,161)—they're trailing only Ohio State and Case Western among major programs in the state. The real win here is the debt picture: at $17,900, graduates owe about $7,000 less than typical Ohio engineering students, creating a debt-to-earnings ratio of just 0.23. That's genuinely exceptional.

However, the 60th percentile ranking within Ohio reveals something important—this program sits in the middle of the pack statewide despite performing well nationally. Ohio has several strong mechanical engineering programs, so being "average" here still means solid outcomes. The modest 7% earnings growth to year four ($82,107) suggests these graduates are finding good jobs immediately rather than seeing dramatic salary progression, which is typical for engineers in manufacturing-heavy regions like Toledo.

For families concerned about engineering program costs, Toledo offers the best debt-to-value ratio among Ohio's accessible programs. The nearly-open admission means your student can get in, and the financial setup—strong starting salary with manageable debt—provides real security even if career growth proves slower than at more selective schools.

Where University of Toledo Stands

Earnings vs. debt across all mechanical engineering bachelors's programs nationally

University of ToledoOther mechanical engineering programs

Programs in the upper-left quadrant (high earnings, low debt) offer the best value. Programs in the lower-right quadrant warrant careful consideration.

Earnings Distribution

How University of Toledo graduates compare to all programs nationally

University of Toledo graduates earn $77k, placing them in the 88th percentile of all mechanical engineering bachelors programs nationally.

Earnings Over Time

How earnings evolve from 1 year to 4 years after graduation

Earnings trajectories vary significantly. Some programs show strong early returns that plateau; others start lower but accelerate. Consider where you want to be at year 4, not just year 1.

Compare to Similar Programs in Ohio

Mechanical Engineering bachelors's programs at peer institutions in Ohio (23 total in state)

SchoolEarnings (1yr)Earnings (4yr)Median DebtDebt/Earnings
University of Toledo$77,011$82,107$17,9000.23
Ohio State University-Main Campus$79,359$86,755$20,5000.26
Case Western Reserve University$76,736$82,466$24,8550.32
Ohio Northern University$72,443$75,513$27,0000.37
University of Cincinnati-Main Campus$72,412$81,244$25,9980.36
University of Dayton$71,911$83,262$24,2500.34
National Median$70,744—$24,7550.35

Other Mechanical Engineering Programs in Ohio

Compare tuition, earnings, and debt across Ohio schools

SchoolIn-State TuitionEarnings (1yr)Debt
Ohio State University-Main Campus
Columbus
$12,859$79,359$20,500
Case Western Reserve University
Cleveland
$64,671$76,736$24,855
Ohio Northern University
Ada
$37,800$72,443$27,000
University of Cincinnati-Main Campus
Cincinnati
$13,570$72,412$25,998
University of Dayton
Dayton
$47,600$71,911$24,250

About This Data

Source: U.S. Department of Education College Scorecard (October 2025 release)

Population: Graduates who received federal financial aid (Title IV grants or loans). At University of Toledo, approximately 26% of students receive Pell grants. Students who did not receive federal aid are not included in these figures.

Earnings: Median earnings from IRS W-2 data for graduates who are employed and not enrolled in further education, measured 1 year after completion. Earnings are pre-tax and include wages, salaries, and self-employment income.

Debt: Median cumulative federal loan debt at graduation. Does not include private loans or Parent PLUS loans borrowed on behalf of students.

Sample Size: Based on 177 graduates with reported earnings and 166 graduates with debt data. Small samples may not be representative.