<p>New Parent, Congratulations to your daughter for her wonderful accomplishments. She is certainly in the range of just about any college in America, but as you have heard and will hear again and again theres no guarantee so she needs to prepare a balanced list of colleges that offer a range of selectivity.</p>
<p>I think youve had a lot of good advice so I will just mention a couple of other points.</p>
<p>The top universities and the urban based smaller colleges are heavily favored by Asians and therefore really have their pick of whom they accept. Many of the smaller and more remotely located liberal arts colleges, however, have a hard time recruiting and matriculating Asians, so in effect Asians become unrepresented minorities (URMs). Because racial diversity is important to all colleges, these schools need to try harder to get Asians to apply and attend. </p>
<p>Some schools that I would put into this category are Williams, Grinnell, Carleton, Kenyon, Hamilton and to a lesser extent Amherst. These all offer superb academics, in the sciences as well as other fields that may tie into business like economics.</p>
<p>As far as I know none of these colleges offers business per se but Williams and Amherst especially have strong connections for Wall Street internships and MBA programs. Im not that familiar with Amherst, but Williams for sure has excellent science research opportunities.</p>
<p>Another idea for a less selective college would be to look at womens colleges like Smith or Barnard. Again, excellent academics but less selective admissions.</p>
<p>The most selective LACs (like Williams, Amherst and some others) don't offer merit aid, but they are consistently generous with need based aid. Many of the other LACs that I've listed would provide merit aid as well. </p>
<p>Just a note: even though need based aid is based on a formula the formula used is NOT consistent from school to school, so what you are awarded at school A may be more or less than at school B, even though your situation is exactly the same. This is where the school's own need (e.g. do they need another Asian or a female science major?) comes in.</p>
<p>Study abroad in Asia (or anywhere else for that matter) is very common at these LACs. Students are free to attend a long list of programs that are administered by other colleges. This is true across the board; they are not restricted to programs managed by their individual college.</p>
<p>I would definitely second the suggestion that she apply to a college like the University of Michigan that has rolling admissions. This is different from early action or early decision. If she were to apply in September she would know if she was accepted in a few weeks. If yes, then she could use UMich as her safety (assuming of course that she wants to go there) and concentrate on more selective colleges.</p>
<p>Good luck to you and let us know how it goes as you and your daughter learn more about the process.</p>