Using a national sample, student race/ethnicity was disaggregated into seven distinct groups (n = 643 per group) to identify unique effects of student race/ethnicity and first-generation on involvement and learning. First-generation status had a positive effect on student learning, but a negative effect on involvement. Effects by student race/ethnicity were mixed, revealing some dynamics similar to those for first-generation students and some that were unique to student race/ethnicity. Findings suggest specific programming implications based on student race/ethnicity and first-generation status. (Contains 5 tables and 1 figure.)