While equalising opportunity is a noble endeavour, I fail to see how this particular initiative would achieve that. In short, it's too little too late. If someone struggled through high school because of environmental factors, they're not going to suddenly be on their A-game because they were admitted into university. At the end of the day, we should still expect the highest levels of excellence from our professionals.
If we want to have a real impact we need to be examining the factors contributing to the disadvantage leading up to this point and find a way to address those.