This study examined whether discrepancies in emerging adults' perceptions of their own and their parents' value of education were associated with their individuation from family, and whether this relationship was mediated by family emotional support. A total of 82 Asian‐ and Latino‐heritage emerging adults completed a survey assessing their and their parents' value of education, family emotional support, and family engagement (our proxy for individuation). As predicted, larger discrepancies in the value placed on education were associated with less family engagement; this association was mediated by emerging adults' perceptions of family emotional support. These findings suggest that family emotional support may play an important role in the individuation process of Asian‐ and Latino‐heritage college‐going emerging adults.