Students have to optimize their life balance in order to get pleasure from life. Unfortunately, not all young people can cope with this difficult but important process efficiently. From the perspective of personal satisfaction and public recognition in studies, at work, and in everyday life students sometimes feel life imbalance which has a strong negative impact on their personal and professional development.The article reveals the peculiarities of students' life balance formation under conditions of their intensive activity in studies, at work, and in everyday life. In studies the students' balance between their personal assessment of acquired knowledge, the nature of teaching, material rewards, etc. and public recognition by other students, professors, university administration, etc. is defined. At work the students' balance between their personal satisfaction from the obtaining financial independence, acquiring professional skills, benefiting family, etc. and public recognition of these students by colleagues, administration, family, classmates, professors, etc. is revealed. In everyday life the students' balance between their personal satisfaction from the creating comfortable living conditions, formation of the basics of modern everyday lifestyle, etc. and their public recognition by hostel administration, roommates, friends, relatives, etc. is described.