<p>For OOS, only very low income students may have their need met. So most of them would be with loan. With deeper study on the CDS, that 70% in state and 50% oos are actually out of students who applied for need based aids and were awarded with any aid, not total student (I was confused by the statement on their FA FAQ). Otherwise, 70% of total in state freshmen would be more than the number of students received any aids (2486 vs 2476). There are only 3749 (in 2013) students applied for financial aid including both in state and OOS. 1784 students receiving grant money out of 2476 that received financial aid means 72% students received financial aid has a grant in it and most of them would be from in state. Even if the grant is distributed proportionally among in state and out of state students, 29% of students paying less than CoA is still very significant. Last year, they replaced the loan and work study in my D’s financial aid with grant completely in the final package. As they have been raising the endowment since last year, it is likely to have more grant available in the future.</p>