<p>First generation status has to do with your parents' education, not how much money they make. Student with parents who lack college educations are going to have more challenges getting to college because their parents aren't as likely as college educated ones to be able to do things like the following: encourage them to take college prep courses and to prepare for things like the SATs; have extensive vocabularies; have large home libraries; expose their kids to info about colleges from a young age; iinvolve their kids in educationally-related activities from a young age; do things like take kids to visit colleges to support their kids' getting to college.</p>
<p>Of course, noncollege educated parents may be very interested in having their kids go to college. They just may not have the kind of skills in doing so that college-educated parents have due to their own experiences.</p>
<p>If you look up the common data set info for colleges that interest you, by seeing the # of Pell grant recipients, you'll get an idea about the percentage of low income students there. You may be able to find the common data set info on the college's web pages or in the thread posted on either this board or the other CC board about college admission and selelction. It also would be very well worth it to pay the $15 to fully access the U.S. News premium college website, which gives the kind of detailed info that you're looking for.</p>
<p>Put down the truth about your parents' business. Being a business owner doesn't mean that someone is well off. Colleges can get a rough idea about your income level not only by your parents' jobs (and business owner could be the owner of a very small, struggling business, not a Fortune 500 company), but also by your zip code and by whether you apply for financial aid.</p>
<p>Probably no one can answer your question about the weight that selective colleges put on being first generation. Selective private colleges will take that info into account, but it will be taken into account with the whole application. There's no way to determine exactly how much weight it will carry.</p>
<p>As a first gen, low income, Asian-American student from rural Maine, your best bets for getting into a very selective college would be to apply to private schools outside of New England (though you still may have a chance at New England ones. Keep in mind, though, that they are likely to get the bulk of Maine students who are similar to you).</p>
<p>Schools like Emory, Tulane, Davidson, Vanderbilt Rice, Washington U-St. Louis may have a harder time getting students from Maine, so your location could be a big plus there. At Davidson, and Vanderbilt, I also think being Asian may be a plus.</p>
<p>Cornell, Dartmouth and probably places like Bates and Bowdoin have had a hard time attracting minorities (and I think this includes Asians), so your being Asian may be a plus. I believe that all now are also interested in attracting more low-income students.</p>
<p>Execellent Midwestern colleges like Macalester , Notre Dame, and Oberlin also may find you a very attractive applicant as might U of Wisconsin, a top 50 school that has had a very hard time attracting minorities. Unlike many public institutions, it has some nice merit aid for out of state students whom it finds very desireable.</p>
<p>When applying relatively far from your home, consider how being that distance from your family may affect you. Due to your location, it also may be difficult to get back home for things like holidays. The difficulty of getting to airports as well as the cost may be things to consider.</p>