Building on previous research, this study examined the reciprocal relationship between academic achievement and satisfaction of 1001 seniors at the University of Missouri-Columbia. Students completed a survey which measured overall satisfaction, ratings of academic and social experiences, whether the student would recommend the university to a friend, perceived academic effort, satisfaction with their achievement, and perceived social integration. Survey results were compared with the students' academic ability and achievement data. Data were analyzed using two sets of structural equation models. Results indicated that the relationship between satisfaction and achievement was an artifact of other aspects of students' college experiences, namely academic and social integration. (Contains 42 references.) (DB)