We already have a situation where the majority of people, who go to college, would be better off not going to college because many quit before getting a degree and many get degrees that don't have much benefit for the person (and definitely don't have enough benefit to justify the cost). These people end up with massive student debt, that frequently hangs over their head till death.

Admitting students who are not good fits for college makes them more likely to be in this harmed category. Honestly, some of these people, who are admitted to college and then drop out because they can't succeed, should sue the colleges for admitting them and entrapping them in debt. That would teach the colleges to only admit those likely to succeed. (This is true no matter the race or other category)

The university virtue signally is harming the very people they claim to be helping.