The magnetocaloric effect and the magnetic entropy (ΔSM(T,H)) scaling around the magnetic transition temperature (TC) have been investigated in two‐dimensional ferromagnetic semiconductor (2D FS) CrGeTe3 single crystal. The ΔSM(T,H) and the relative cooling power (RCP) are about 3.21 J kg−1 K−1 and 94.3 J kg−1 under applied magnetic field H = 4.5 T, respectively. The ΔSM(T,H) under different magnetic fields can be scaled into a single curve independent of external field and temperature. Meanwhile, it has been found that ΔSM(T,H) follows the power law of Hn with n(T,H) = dln|SΔM(T,H)|/dln(H). Critical parameters n, l, and m have been obtained based on ΔSM(T,H). It has been found that the temperature‐dependent n at different magnetic fields scales into one universal line above TC, deviating from the scaling line at low temperature. This deviation can be attributed to the strong uniaxial anisotropy effect in CrGeTe3. This work figures out the magnetocaloric behavior of CrGeTe3, and will be helpful for understanding the origin of the ferromagnetism of similar 2D FSs.