Generalizing the results of discussions on the essence of the concept "psychological health" (PsH) and "personality#s psychological health" (PPsH), the authors offer a new approach to PPsH as a multilevel psychological phenomenon, measure of individual#s ability to maintain, realize, develop social subjectivity in changing world and life environment conditions. PPsH development interacts with the level of personality#s psychological culture (PPsC), which structure includes cognitive, value and sense, estimation and claim, reflexive, creative and interactive components. The authors show that students# professional consciousness formation is determined by their psychological health and psychological culture, which development is researched at a higher education period.