Using a nationally representative sample from the National Educational Longitudinal Study, this research examines the longitudinal effects of race and socioeconomic status on 12th-grade educational achievement and achievement 2 years after high school. For 12th-grade outcomes, the authors found no statistical difference in scores between Hispanic and White students. Two years after high school, the results were very surprising: (a) when controlling for socioeconomic status, Hispanic students actually outperformed their White counterparts; (b) socioeconomic status was 10 times more powerful than race in predicting outcomes; and (c) White students received a greater benefit for increases in socioeconomic status than did their Hispanic counterparts. (Contains 2 tables and 5 endnotes.)