The SAT and ACT have held a controversial place in American education for generations. The conventional wisdom has come to suggest that these college entrance tests are harmful to educational equity because they discriminate against students from low-income families and other students whose backgrounds may put them at a disadvantage, such as Black, Hispanic, or Native American students. This brief challenges the notion that college admissions exams are at the heart of inequities observed in college admissions, higher education attainment, and broader social disparities. More specifically, the brief addresses five ideas that have become conventional wisdom in some quarters: "College admissions exams are racist," "College admissions exams limit students' pathways into quality higher education," "Other parts of college application packets promote equity better than entrance exams," "Admissions officers should just focus on grades," and "The future of college admissions is 'test optional.'"