Barron's grades probably weren't good enough to get into Harvard on his own. He's not a typical legacy candidate since his own parents or grandparents didn't matriculate there. Harvard as well as other top schools will quietly bend their requirements for legacies, but not for other people's kids.
Sure Harvard knew that Barron's parents could afford the tuition, but they might have expected some kind of large donation (as wealthy families often do) to get their kid into a top school. Yes it's a shakedown but other wealthy families are fine with it, including Donald's own father who made a donation to University of Pennsylvania to get Donald accepted. Chump's attitude (I'm guessing here) was that Harvard should have been delighted to accept Barron Trump and his underwhelming grades, just because he's the son of a President. No additional donation would have been necessary, in Chump's estimation.
Now what's Harvard going to do? Lower their standards just for one kid who's not very smart? Why should they, when Harvard rejects more high-quality applicants every year than most prestige schools ever receive. They've probably "disappeared" the paperwork so that no one would ever know that Barron didn't get accepted.
That's how I see it.
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