The article deals with the problem of ethnic tolerance of students - future teachers-psychologists - as a necessary condition for intercultural interaction. The specific features of student age are emphasized, which allow to “fix” at a more conscious level the foundations of tolerant behavior laid down at previous age stages. The results of a study aimed at suggesting that the level of development of ethnic tolerance of students of the psychological and pedagogical direction in some of its components is insufficient, and therefore it is necessary to analyze the psychological and pedagogical conditions for the formation of ethnic tolerance of university students. The collection of information about the knowledge and ideas of students about tolerance and the forms of its manifestation was carried out as part of training sessions on the formation of intercultural competence. The results of the study confirmed the need for targeted work with students on the formation of tolerant qualities, and the article reveals the possibilities of the university in the formation of ethnic tolerance in the course of professional training of future educational psychologists. The main directions of psychological and pedagogical work on the formation of ethnic tolerance are determined: educational work; educational work; carrying out diagnostic procedures for the study of ethnopsychological phenomena; student’s independent work; student’s research work; public relations. The experience of the implementation of each direction in Kadyrov Chechen State University.