The debate about admissions into the top highly selective colleges is purely about who gets into the gates for networking opportunities and signaling (of the 1000+ colleges, affirmitive action impacts probably less than 100). So don’t confuse this with actual opportunity to learn.
Further, financial aid generally is race blind. It’s only admission at these top schools where affirmitive action plays a role. So if your parents were in the US they could’ve been educated long ago. The only question is if it is at Harvard or Tennessee State.