The purposes of this study were: (1) to explore the current status of leisure satisfaction and happiness among Far East University students; (2) to compare the differences of leisure satisfaction and happiness among different background students. A self-structured leisure satisfaction and happiness questionnaire was designed to collect empirical data. The subjects were students enrolled at Far East University in 2012. A total number of 401 usable samples were collected by purposive sampling. The rate of valid returns was 87%. The Findings were as follows:1. The average of leisure satisfaction scale is 5.48 (moderately high). The highest ranking domain in leisure satisfaction scale is physical health; the average of happiness scale is 5.23 (moderately high). The highest ranking domain in happiness scale is interpersonal relationship.2. Male students' leisure satisfaction is greater than female students'. Male students' physical & mental health is greater female students'. The leisure satisfaction and happiness average of students with sports habits is greater than that of students without sports habits.3. The leisure satisfaction shows a positive effect on happiness, the aesthetic shows the greatest predictability.