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We review the association between delay of gratification and future time perspective (FTP), which can be incorporated within the theoretical perspective of self-regulation of learning. We propose that delay of gratification in academic contexts, along with facilitative beliefs about the future, increase the likelihood of completing academic tasks. Discussed are (a) classic and current theoretical views of delay of gratification, (b) FTP and its association with delay of gratification, (c) evidence for the association between delay of gratification and FTP that enhances our understanding of academic success from a self-regulated learning approach, and (d) implications for instruction, and considerations of FTP for understanding achievement-related delay. Suggestions for further research are also discussed.