That's exactly the issue we are talking about here. Woman's colleges would have less training data so they would get updated less. For many classes of models (such as neural networks with weight decay or common initialization schemes) this would encourage the model to be more "neutral" about women and assign predictions closer to 0.5 for them. This might not affect the overall accuracy for women (as it might not influence whether or not they go above or below 0.5), but it would cause the predictions for women to be less confident and thus have a lower ranking (closer to the middle of the pack as opposed to the top).