"The total cost of undergraduate education for the 2010-11 school year will be $53,244; of that amount, tuition is $40,188, and the remaining $13,056 is for room, board and fees. For about 60 percent of students, that cost is significantly reduced through need- or merit-based aid. And for the 49 percent of undergraduate students receiving need-based aid, the average amount of grant assistance from all sources, though not yet final, will be more than $35,000 per student in the coming year."
"The total cost of undergraduate education for the 2010-11 school year will be $53,244; of that amount, tuition is $40,188, and the remaining $13,056 is for room, board and fees. For about 60 percent of students, that cost is significantly reduced through need- or merit-based aid. And for the 49 percent of undergraduate students receiving need-based aid, the average amount of grant assistance from all sources, though not yet final, will be more than $35,000 per student in the coming year."
So you are correct.