The article is concerned with the problem of interrelation of system of values and understanding of each other. This article contains the findings of a study of the relationship between the values of the ability to forgive others with their ability to understand other people. An analysis of such ability was carried out by the author upon three criteria considered as components of the ability to understand other people: the accuracy of predicting the development of the situation of interpersonal interaction; understanding the state of another person by his non-verbal behavior; the subject’s assessment of his ability to understand other people. The methodological complex was used in the study including questionnaires and semi-projective methods. The sample group was 73 persons. Based on the data obtained it was concluded that the most part of students is distinguished by the average degree of importance of the ability to forgive and the low level of development of the ability to understand other people. It is established that the value of the ability for students to forgive can be combined with different indicators of success in understanding of other people.