Speaking as a fairly progressive parent, I would say that your student will not be frequently confronted with political views he/she would find distasteful. However, neither will he/she be surrounded by students who are politically active/progressive, or who have a strong affinity for identity politics.
My impression has been that most students at Wake come from wealthy or professional families and are mostly focused on maintaining that status for themselves through a career in business or one of the professions. Politically active/progressive liberal arts majors have less social traction here and in general are not catered to by the school in terms of career development.
In conclusion, your student’s racial and political background will not be necessarily be a social or academic handicap, but it certainly won’t be an advantage.