Quite. See abolishing the GRE and similar exams for entrance to graduate school as well. Letters of introduction come much easier to the right sort of people than to the kind of strivers who have to rely on objective tests to get into prestigious institutions.
I went to a merit admissions high school, and as a teenager I’d say stuff like “there are too many Asian nerds here, we should get rid of the admissions tests!” to be edgy. (I was obviously joking—I was an Asian nerd who got in on standardized testing.)
In recent years I’ve been shocked to learn how many “nice” liberals basically agree with such statements, except unironically.