This article describes the process of adaptation of the Russian version of The Student Well-being Process Questionnaire (Student WPQ). A sample of 408 Kazakhstan university students completed the adapted Student WPQ. The exploratory factor analysis revealed five factors, explaining 67.38% of the total variance that were consistent with the theoretical model developed by the authors of the original version. Cronbach's alpha coefficients for internal consistency reliability of the scales ranged from 0.712 to 0.929. Statistically significant correlation was found between the adapted questionnaire and the questionnaires used to test the convergent validity (correlation coefficients ranged from 0.382 to 0.891). Regression analysis showed that positive well-being was predicted by psychological capital, positive coping, and low levels of student stress; negative well-being was predicted by high stressors and low consciousness. These findings were consistent with the results obtained by the authors of the original questionnaire. The Russian version of The Student WPQ can be used to measure well-being and academic stress in Kazakhstan conditions.