New federal enrollment analysis finds that after the Supreme Court ended affirmative action, Black and Hispanic first‑year enrollment fell at many highly selective colleges even as overall four‑year enrollments ticked up. The data show a ‘cascading’ effect as top candidates shifted to less selective institutions, prompting concerns about persistence and outcomes. Amid political pressure, selective campuses are also trimming or altering diversity‑focused offerings: Stanford announced cuts to an underrepresented‑students fellowship as programs and budgets are re‑examined. Admissions officers, diversity leaders and trustees must now reconcile legal risk, recruitment strategies and student success investments while monitoring yield and pipeline effects.