Researchers esearchers esearchers esearchers W o r ld o r ld o r ld o r ld Journal of Arts, Science & Commerce ■   ■   International Refereed Research Journal ■ www.researchersworld.com ■ Vol.– III, Issue–4(1),October 2012[32] MEANING IN LIFE AND SUBJECTIVE WELL – BEING: IS A SATISFYING LIFE MEANINGFUL? Maria Cristina J. Santos Counseling and Educational Psychology Department De La Salle University – Manila. Cipriano Magramo Jr. De La Salle University – Manila. Faustino Oguan Jr. Rizal Technological University, Manila JN Junnile Paat University of Santo Tomas, Manila El Anelio Barnachea De La Salle – College of Saint Benilde ABSTRACT The purpose of the present study is to determine the relationship of meaning in life and subjective well-being among Filipino college students in both private and public institutions. It was hypothesized in this study that meaning in life and life satisfaction has a positive relationship. Three measures, namely, the Meaning in Life Questionnaire (MLQ), Satisfaction with Life Scale (SWLS) and the Positive Affect and Negative Affect Schedule (PANAS) were administered to 969 college students in different schools in the Philippines. This study employed a descriptive-predictive design to measure the degree of correlation between variables. The Pearson Correlation was used to assess the relationship of meaning in life and subjective well-being. Results of the study show that meaning in life and subjective well-being has a positive relationship. A better understanding of the relationship between meaning in life and subjective well-being has implications relative to developing and/or achieving a greater sense of happiness and satisfaction in living. This could be developed by tapping emotional resources to diminish negative affective conditions and optimizing meaningful life situations. Keywords: Meaning in life, subjective well-being, positive affect and negative affect