You know, now that I've thought about this. I support it. Let the students come up with their separate mascots "representing" the different interest groups. That would be comical. How do you create a caricature mascot representing an Asian, a black, a transgendered, or a gay WITHOUT invoking several stereotypes?
I want to be there front & center when these guys shoot themselves in the foot unveiling a large foam bearded guy in a dress with Asian & black features. It would be the ultimate racist mascot, brought to you buy the people who see racism in everything.