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
Earnings Distribution
How University of Toledo graduates compare to all programs nationally
Earnings Over Time
How earnings evolve from 1 year to 4 years after graduation
| School | 1 Year | 4 Years | Growth |
|---|---|---|---|
| University of Toledo | $77,011 | $82,107 | +7% |
| Ohio State University-Main Campus | $79,359 | $86,755 | +9% |
| University of Mount Union | $71,097 | $83,778 | +18% |
| University of Dayton | $71,911 | $83,262 | +16% |
| Case Western Reserve University | $76,736 | $82,466 | +7% |
Compare to Similar Programs in Ohio
Mechanical Engineering bachelors's programs at peer institutions in Ohio (23 total in state)
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| School | In-State Tuition | Earnings (1yr) | Earnings (4yr) | Median Debt | Debt/Earnings |
|---|---|---|---|---|---|
| $12,377 | $77,011 | $82,107 | $17,900 | 0.23 | |
| $12,859 | $79,359 | $86,755 | $20,500 | 0.26 | |
| $64,671 | $76,736 | $82,466 | $24,855 | 0.32 | |
| $37,800 | $72,443 | $75,513 | $27,000 | 0.37 | |
| $13,570 | $72,412 | $81,244 | $25,998 | 0.36 | |
| $47,600 | $71,911 | $83,262 | $24,250 | 0.34 | |
| National Median | — | $70,744 | — | $24,755 | 0.35 |
Career Paths
Occupations commonly associated with mechanical engineering graduates
Architectural and Engineering Managers
Biofuels/Biodiesel Technology and Product Development Managers
Aerospace Engineers
Mechanical Engineers
Fuel Cell Engineers
Automotive Engineers
Engineering Teachers, Postsecondary
Cost Estimators
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.