This report builds on a foundation of knowledge about the academic readiness of the ACT-tested high school graduating class of 2012 as presented in "The Condition of College & Career Readiness" (see ED534761). An important conclusion of the "Condition" report is that far too many high school graduates are not prepared for success in college and career as defined by their attainment of the ACT College Readiness Benchmarks. After receiving positive feedback on the first report and requests for more information, ACT expanded the content of the report this year to include information spanning multiple stages of the college choice process. Part 1, presented in this report, focuses on the self-reported college preferences and ACT Educational Opportunity Service (EOS) participation rates of the ACT-tested high school graduating class of 2012. [For "2012 College Choice Report--Part 2: Enrollment Patterns," see ED546630. For "2012 College Choice Report--Part 3: Persistence and Transfer," see ED546631.]