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One key argument in the ongoing affirmative action debate is that Asian American students who are not accepted to their first-choice college face a number of negative consequences. This was Coalition of Asian American Associations (CAAA) and Asian American Coalition for Education's (AACE) primary argument in their formal complaints filed to the US Department of Justice (DOJ) and US Department of Education. Based on these complaints, DOJ's Civil Rights Division launched an investigation into Harvard and Yale's admissions process in 2017 and 2018, respectively. These ongoing federal investigations pose serious implications and consequences for colleges and universities across the country. Despite the attention given to the complaints, the claims made were not empirically supported by data. Therefore, this research brief tests AACE and CAAA's claims to determine if Asian American students actually face negative consequences if they do not attend their first-choice institution. [For a related article, "Asian Americans, Admissions, and College Choice: An Empirical Test of Claims of Harm Used in Federal Investigations," see EJ1272555.]