This study applies psychological ownership theory (J. L. Pierce, T. Kostova, & K. Dirks, 2003) in an attempt to explain the complexity of factors influencing students’ satisfaction and commitments toward their programs. The proposed framework evaluates psychological ownership through the following antecedents: perceived control, sense of belonging, student involvement, and identification. The sample includes students from 4 hospitality programs in the United States and Canada. The relationships between psychological ownership and satisfaction and commitment are tested with structural equation modeling. The results provide new knowledge about affective and psychological factors that contribute to students’ satisfaction and commitment.