"This is laughable, to think that an advantaged black would get no preference. Laughable"
I have taught on the university level for 20+ years and have worked with scholarships for about 15 of those years (scholarship decisions are fairly similar to admission decisions). From my experience, you are correct. I know of plenty of minority students who come from affluent backgrounds who receive substantial scholarship awards due solely to their minority staus. My college within the university maintains a large, separate line of scholarship awards for minority students, only. I have always wondered if this practice is entirely legal, strictly speaking, but it's done, alright.