The study examined the perceived benefits and costs of alcohol use among undergraduates (N=462) perceiving their drinking as normal or abnormal as well as those undergraduates who met or did not meet the DSM-IV-TR criteria for an alcohol disorder. A 2x2 MANOVA and univariate analyses on the benefits (pros) and costs (cons) scales of the Alcohol Decisional Balances Scale (ADBS) revealed significantly higher perceived benefits of alcohol use among students reporting normal drinking behaviors and meeting the DSM-IV-TR diagnostic criteria. A significant interaction revealed that students who met the DSM-IV-TR criteria but perceived their drinking as normal reported the highest perceived benefits of drinking. Findings supported prior research highlighting the link between perceived benefits of alcohol use and problematic drinking.