No big deal.
Another non-racist group of colleges will rise to to supplant these formerly important colleges.
Degrees from an Ivy used to mean something — smart, rich, or connected — that was useful to a business. I went to MIT (not really an Ivy) and it still means you are probably pretty geeky and smart. Not for long, I suspect.
A bunch of nobodies with nice, but no special attributes but their skin color is meaningless to someone who wants good employees.
So these colleges will become irrelevant in 20 years.
MIT grad here, too. I quit donating 2 years ago. They still have very high admission scores but are just too woke for me now. Expect quality of grads to go down at some point.
Would be interesting to see if the grad schools are just as dumb with admissions. Would hope they aren’t and suspect not as bad.
Asians are even more discriminated against. The scores they need for medical school are crazy.