I’m not a big fan of socioeconomic preferences — i.e., affirmative action based on economic status, meant to help low-income students. In fact, I think it’s a downright bad idea. But if a college or university promised to eliminate racial preferences and replace them with socioeconomic ones, I’d possibly support it on the grounds that at least it’s an improvement. At any rate, Inside Higher Ed devotes some attention to the subject today.