This study examined how high-achieving Latino college students perceive the receptivity of their institutions to a Latino presence on campus. The multi-institutional study had the prime objective of identifying areas for institutional improvement and increasing awareness by college administrators of specific campus climate issues facing talented Latino students. The study examined student background characteristics, college structural characteristics, general campus climate measures, and student behaviors as determinants of a perceptual measure of an institution's racial/ethnic tension. Data are presented from 859 sophomores and juniors attending 224 colleges. Sample participants included 386 Chicanos, 198 Puerto Ricans, and 275 other Latinos (students who categorized themselves as Cuban, Latin or Central American, or other Hispanic). Results indicated that students believe they face social inequalities due to systematic discrimination and tend to perceive racial tension and report discrimination on their campus. Students with lower academic self-ratings also are more likely to perceive tension on campus. Low racial/tension and fewer experiences of discrimination were reported for campuses where the Latino students perceived campus administrators as open and responsive to student concerns. Results suggest actions and attitudes conveyed by faculty and administrators play an important role in setting a tone on campus that makes all students feel valued. (Contains 35 references.) (GLR)