Most likely it's due to that so many of them initially arrived in the US to go to college, and then stay here for the opportunities. Compare that to latinos, who may come for a farm-working or restaurant job; they're much closer, so there's greater likelihood they would travel for such work. (No disrespect to latinos intended; many are educated, it's just that the uneducated ones arrive as well.) Most asians are relatively recent immigrants; the logic that those who are willing to make the long journey are also more likely to be disciplined workers to get ahead in life. European Americans have been here for awhile, so the "motivated immigrant" logic is less likely to apply.
It's striking: here, the Indian Americans are consistently among the most educated people I know. Go to India, and you'll see widespread illiteracy. Immigration has a way of sorting people.
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