You should review your SAR carefully to make sure that all of your information is correct. Unfortunately, there is no definitive answer as to what college admissions counselors are really looking for as each college weighs student criteria differently. Usually your academic performance and college essay are evaluated heavily. Other factors may be your test scores, interview, demonstration of community involvement, special skills or talents. Some colleges may also factor in other decisions such as what geographic location you live in, gender, background information, and so on.
Most colleges determine their admissions decisions apart from financial aid decisions.
Check with each school for more details on what criteria they particularly value. Your SATs are one piece of the admissions puzzle. There are many items that an admissions counselor takes into consideration. Such things as your grades, the academic rigor of your high school curriculum, leadership activities, community service, your application essay, interview and SAT scores are all possible selection factors. The published college materials will indicate the range for SAT scores.