Social competencies of students are crucial for successful studying and further academic careers, as they encompass communication, teamwork, and collaboration skills. Social networks offer opportunities for interaction and the exchange of ideas with peers and mentors. Therefore, it is important to study the relationship between social networks and social competencies to better understand the opportunities and challenges faced by students. The primary aim of this research is to examine students’ perceptions of the impact of social networks on the development of their social competencies. A descriptive research method was employed, and data were collected using a specially designed assessment scale. The research sample is purposive, comprising students from the Faculty of Philosophy in Niš (N=314). The results indicate that students are generally ambivalent about the influence of social networks on their social development, suggesting the need for a deeper understanding of this relationship. Students primarily perceive social networks as communication channels used for maintaining contact and exchanging information. Additionally, students view social networks as potential platforms for collaboration with peers, as well as friends and other community members.