Doesn't everyone have different afflictions and disadvantages they have to fight throughout life? White people have significantly higher rates of suicide than all other racial groups, aside from Native Americans. Is this factored into my White privilege?
That's a great question. I don't know. For example, to my understanding whites have higher gun ownership rates (for blacks in particular, gun ownership is dangerous), and gun ownership makes suicide more successful. Does the effect persist when you factor in gun ownership? Is suicide caused in part by a feeling that your life is not what it is supposed to be, and if so, does having higher expectations for your life lead to increased rates of suicide? There are probably dozens of ways white privilege could be connected to the suicide rate.
I don't believe there is something about the biology of being white that makes you more prone to suicide, so it is likely to be related to white privilege. Many other sorts of privileges come with some negative aspects. For example, part of male privilege is the acceptance of working more dangerous jobs, leading to early deaths.
Is the fact that millions of dollars every year in scholarships are awarded exclusively to Black students factored in?
Yes. An attempt to reduce the effects of institutional racism would be related to white privilege, which is a part of institutional racism.
What about colleges requiring lower SAT scores for minority students?
Ditto.