I think you are over-interpreting “academically qualified.” Some people latch on to some comments that 80% or more applicants (to whatever schools) are “qualified.” Maybe they are, maybe they dug in and took rigor and did well and have a nce record of engagements. But in the admissions context, what sets kids apart is more than quantitative or doing well in hs. It reaches into the personal assets. All the top schools with plenty more apps than seats can cherry pick.
I thought your original question was as much about your own chances at elites and whether you’d be considered Hispanic. Mark that you are Hispanic, if you are, and they will record that. It’s good you’re reading the site (and the blogs, I hope.) MIT is one of the more open schools about what they like. But you have to interpret your record against that (on a college level, not just your hs.) And then, do a solid job with the app, itself.