The aim of the article is to argue theoretically and empirically study the relationship between social expectations and psychological well-being of university students. Methodological starting points of empirical research are outlined. Valid and reliable test methods are used to study the psychological content parameters of social expectations and psychological well-being. The results determined that the psychological features of social expectations and psychological well-being of student's youth are theoretically substantiated. It was found that the respondents have an average level of parameters of psychological well-being and social expectations, which indicates moderate life satisfaction and the presence of adequate orientation in the socio-psychological reality. The most formed components of psychological well-being are the balance of affect and meaningfulness, which indicates the awareness of their own lives by student’s youth. It is recorded that the respondents have the least formed - self-acceptance, positive attitude and autonomy.