This study analyzed the evaluation of a higher education program by identifying factors that cause satisfaction and dissatisfaction according to higher education students' views and also compared the results between distance learning and traditional classroom students. The questionnaire provided an opportunity for the students to spontaneously indicate the factors that caused satisfaction and dissatisfaction. The results were then analyzed using content analysis technique. The results indicate that students evaluate curriculum structure, faculty, and social environment as the main determinants of satisfaction and dissatisfaction concerning to the program. Significant differences were found in the comparison between traditional classroom and distance learning formats. Department infrastructure and some characteristics of the program were considered unimportant for the students' program evaluation.