Taylor was a four-time all-state running back and sprinter at River Rouge High School before attending the University of Toledo. While at Toledo, Taylor set school records for rushing yards and touchdowns. In 2001, he led the Rockets to an impressive victory over in-state rival the Cincinnati Bearcats in the Motor City Bowl, giving Toledo their first bowl win since the 1995 Las Vegas Bowl. He was named the MVP of the game with 31 (Motor City Bowl Record) carries for 190 yards (Then a Motor City Bowl Record) and a touchdown.
Taylor ranked seventh in nation for the 2001 season with 1,492 rushing yards (268 attempts, 5.3 yards-per-carry) and 20 touchdowns. He also hauled in 26 receptions for 242 yards and three touchdowns, with a longest reception of 43 yards.
Taylor was named North Team MVP in the 2002 Hula Bowl.