Well, it’s about time! Why the heck did it take them this long to understand that God isn’t a respecter of persons and that we’re all created in the image of God and therefore all have equal worth and value:

A fundamentalist Christian University has apologized for racist policies including a one-time ban on interracial dating that wasn’t lifted until nine years ago and its unwillingness to admit black students until 1971.
[…]
“We failed to accurately represent the Lord and to fulfill the commandment to love others as ourselves. For these failures we are profoundly sorry. Though no known antagonism toward minorities or expressions of racism on a personal level have ever been tolerated on our campus, we allowed institutional policies to remain in place that were racially hurtful,” the statement said.

So, do you question their timing?
(via)