Which is also why they previously had their internal diversity mandates. That way their alumni as future leaders can legitimately claim they had a black or brown friend in college.
Maybe I'm naive, but I always thought the purpose of Affirmative Action in private universities was to insure those black and brown people were given the opportunity to become the future leaders.
Eh, I'd go the opposite route. You meet a threshold, you go into a lottery. They can all sit there on selection day where the hopper spits out the names of admitted students one by one.
Most admission should be by that route. Set proper threshold and then do lottery. But outright auction for some fraction of admission would be good subsidy for rest. Set minimum at proper level say at least 2-5x normal unsubsidised tuition cost.
