Perceived discrimination, a subjective appraisal of disadvantageous treatment on the grounds of identity, is negatively associated with wellbeing. We explored this association among British Muslim students, sampled online, by questions about perceived and experienced discrimination, visibility as a Muslim, symptoms of depression and anxiety, and positivity. Results from 457 respondents showed greater discrimination was experienced by those with more visible signs of Muslim faith, with a small but statistically significant positive correlation between perceived discrimination and psychological distress. Many participants also gave examples of of discrimination experienced. Implications for educational institutes, policy makers, clinicians, and the wider Muslim community are discussed.