It Is Not Bad to Be the Big Fish in a Small Pond: Revisiting the Double-Edged Sword Model of College Students’ Perceived Overqualification

School psychologists are concerned about underperforming students; however, a recent study calls attention to group of college students who believe themselves outperform other students: perceive as overqualified. In this study, we revisited the double-edged sword model students’ perceived overqualification (POQ) by untangling mediating mechanism between POQ, learning engagement, and life satisfaction. We also tested interactions growth mindset POQ. Two questionnaire surveys were conducted attained some different results from previous studies: (1) POQ positively predicted engagement via mediation career aspiration performance-approach goals but not performance-avoidance goals; (2) The positive effects on aspirations, goals, weakened mindset; (3) relationship satisfaction was nonsignificant. Relative deprivation negatively mediated relationship, while generalized self-efficacy relationship. These findings enriched our understanding how may affect well-being; in addition, provided initial evidence that is less beneficial for members advantaged groups academic settings. Based findings, offered practical suggestions regarding colleges.