In this article, we use interview data collected in a four-year longitudinal study of first-generation university students to answer the question: how might the ethnicity of first-generation students impact their university experiences? After briefly examining previous literature written on the educational achievement levels of ethnic-minority Canadians, specifically Asian-Canadians, and on first-generation students, we explain the concept of social capital and how it relates to ethnicity. The findings extracted from the interviews in this paper suggest that, although first-generation students lack general knowledge about university, their ethnic identities serve to ease their disadvantaged positions in university by serving as both bonding and bridging social capital in the form of relationships, peer groups and ethnic clubs.