This study investigated whether very high levels of life satisfaction were associated with academic success at the college level. Three-hundred fifty-seven university students reported on their life satisfaction and various indicators of educational functioning. Participants with very high life satisfaction (top 10%) were compared to those with average and low levels of life satisfaction to explore differences in these academic factors. Results indicated that although both groups were satisfied with life, the students with very high life satisfaction were at a significant advantage over those with average life satisfaction in terms of academic performance, including greater student engagement, academic self-efficacy, and approach-oriented achievement goals and lower academic stress. The most satisfied students also earned higher Grade Point Averages (GPAs) than their less satisfied peers. There were no differences in educational functioning between the average and low life satisfaction students. These findings suggest that very high life satisfaction is associated with academic advantages that are not present among students with average or low satisfaction levels.