You say its a myth, but then don't provide not explanation as to why. I guess I don't understand how race-restricted aid isn't racial. By restricting assistance, scholarships and other aid to a particular race aren't you in essence saying that you care more about helping people of a certain race than you do about helping people of other races?
If a person is in the same circumstances, economic or otherwise, as another person, why should I only give aid to one of those people based on their race? How would restricting a scholarship to white students be less racist than restricting a scholarship to african-american students?