The article presents the main principles of forming the socio-psychological characteristics of a student of the XXI century and the main trends of its development in the realities of modern Russian reality. The article analyzes external and internal factors that determined the place of higher education and higher education institutions in the life of the population, in particular, young people, assesses the consequences of these factors on the student's personal portrait, and describes the historical background of their appearance on the basis of political and economic transformations in the country. The author formulates his own conclusions about changes in the socio-psychological portraits of students in our country compared to the youth of the Soviet period. Students, being an integral part of young people, are a special socio-demographic group that is characterized by special living, working and everyday conditions, a system of value orientations, social behaviour and psychology. Many characteristics of a modern student coincide with the representatives of students at the end of the last century: this is their main activity (to study and attend an educational institution), but the psychological and social portrait of a modern student does not coincide with the traditional one. The article presents statistical data, researchers' opinions on the learning process, readiness to participate in solving the most important problems of modern youth, and ways to implement their goals. As a result, a generalized portrait of a modern student is modeled. This is an active young man who is concerned not only with the problems of students, but also with problems related to the development of society. The main values of a modern student are: health, family, material prosperity.