That's exactly what I said. The only reason/way he took student loans is the family chose not to pay out of pocket. If his family could afford $10k and Vandy made up the other $50k he wouldn't have loans. So either he chose to pay via a student loan or the scholarship still didn't cover the difference.
May wording as far as full rides was poor. I meant that Vandy is covering the full amount difference between ability to pay and cost of attendance. Even if that's the case the only advantage it gives them is in the case of low income players. If a recruit's family is deemed able to pay $40k of the $60k then Vandy makes up the other $20k. If you can afford $40k out of pocket then you can afford to go anywhere out of state and it simply comes down to a recruit wanting to attend Vandy over another institution. A partial scholarship and OOS tuition may still be a cheaper option for a family.
You are understating the significance of what they Get. A few years ago there was a link here showing off their own website that a 200k a year family income averaged over 50k of aid per year. I wouldn't call a family Making 150-200k poor.