When I was there, more than 80% were on some sort of financial aid.
Yes, there were a few that were spoiled brats with the parents footing the bill for everything but if you look at just about any university and you will find the same. I can only imagine with the drastic increase in the price of a higher education, even more students are on financial aid.
So saying alot of students at Riddle are the "mommy and daddy" types is just plain not true.