The aim of this study was to investigate the relationship between positive perfectionism and negative life events with coping style and psychological well-being mediated by psychological capital in Shahid Chamran University students. 254 female students and 253 male students were selected using multi-stage random sampling method. Then Psychological Capital Questionnaire (Lorenz, Bee, Putz & Heinitz, 2016), Positive Perfectionism questionnaire (Terry-Short, owens, Slade & Dewey, 1995), Stress Scale (Holmes & Rahe, 1967), Coping Inventory for Stressful Situations (Endler & Parker, 1990) and Psychological Well-being Scale (Ryff, 2002) were administered. The findings showed that positive perfectionism and negative life events predicted psychological capital. Psychological capital also predicted problem-focused coping, emotional-focused coping, and psychological well-being. These results highlighted the importance of psychological capital, positive perfectionism and negative life events in explaining psychological wellbeing and coping styles of students and also showed that have important implications as the necessary steps to promote the level of psychological well-being and the problem-focused coping in students.