But, the University claims that most of it is restricted to athletics, arts, or other specific categories and thus not available to students.
I find that difficult to accept. I think charging $73,000 per year (the projected cost for 2020-2021, including room & board) is a serious problem. I've written before, the Ivies have a model where basically nobody pays the "rack rate," but instead the cost is tailored to individual students and their financial situations; Harvard et al. think it is inappropriate for students to be saddled with crippling student loans. This is the model ND should adopt.