This study explored the impact of inclusive education on academic motivation, academic self-efficacy, and well-being of students with learning disability (LD). Three groups of students (students with LD studying in special schools, students with LD studying in inclusive schools, and students without LD studying in inclusive schools) were compared on these variables. Results revealed that students without LD scored higher on both academic motivation and academic self-efficacy. They also scored higher on well-being than students with LD going to inclusive schools. Implications of the results in the context of students with LD are discussed.