The purpose of this study was to explore motivational indicators of self-regulated learning (SRL) and the relationship between self-regulation (SR) and perceived health among university students enrolled in physical activity (PA) classes. One hundred thirty-one Turkish students participating in physical education activity classes at two universities completed questionnaires assessing motivational regulations and perceived health. Qualitative comments about why students enrolled in their physical education activity classes were also included. Results indicated the students endorsed an overall intrinsic-oriented SR profile. Above average Identified and Intrinsic motivational regulation subscale scores, reinforced by qualitative comments expressing personal importance of activity, provided strong indicators of students valuing their activity class experiences. Of the four motivational SR subscales, Identified regulation predicted student perceived health. The lack of significant gender effects was a noteworthy finding among this population of university students, reinforcing the importance both genders place on internal regulation and physical activity.