ELA, and Medina, You each make good points.
Very wise on MSU's part to have a $75M fund for victims who have not stepped forward. I can't speak for women, but I would think I would not want my very private business published as this was for those who attended the sentencing hearings, and it would make sense that others stood back. Stepping forward, if you are interested in compensation might have appeared the wise thing to do. But this settlement probably does not penalize those who desire privacy.
Sometimes in settlements like this (for instance the 9/11/2001 fund) a special master is appointed to determine a fair settlement for each person. It is a difficult task, but I think the special master cannot let that weigh him down, because the process can be streamlined compared to a trial.