Felipe started school at Santa Maria de los Rosales (the same institution now attended by his daughter, Leonor). For his high school, he attended Lakefield College School in Ontario, Canada, and studied in the Autonomous University of Madrid, where he earned a degree in Law. He also took several courses in economics, and earned Master of Science in Foreign Service degree from the Edmund A. Walsh School of Foreign Service at Georgetown University. During his days at the Georgetown, his maternal cousin, Pavlos, Crown Prince of Greece was his roommate.
- Prince Ernst August of Hannover, son of prince Ernst August of Hanover (1983)
- Prince Konstantinos-Alexios of Greece, son of Pavlos, Crown Prince of Greece (1998)
- Princess Sofia of Bulgaria, daughter of Prince Konstantin of Bulgaria (1999)
- Miguel Urdangarín y de Borbón, son of his sister infanta Cristina (2002)
- Princess Ingrid Alexandra of Norway, daughter of Haakon, Crown Prince of Norway (2004)'
- Luis Felipe Gómez-Acebo y Ponte, the son of his cousin, Beltrán (son of Infanta Pilar) (2005)
- Prince Vincent of Denmark, second son of Frederik, Crown Prince of Denmark (2011)