<p>Two points of contention arise, however, when you factor in the fact that it’s only roughly 1,200 students, not (presumably) the majority of the student body (and if it is, UChicago is much smaller than ND), and that it has the benefit of a $100 million, that is probably specifically endowed to such a financial aid program. </p>
<p>The difference lies in that Harvard is close to achieving a large enough endowment wherein tuition would be, for all intents and purposes, $0. Their middle-income aid initiative is not directed at 1,200 students, but instead aims to extend nearly universally, and systematically, without the help of an anonymous donor directing an exorbitant fund directly to such an initiative.</p>