The aim of this study was to: (a) explore the levels of four factors (psychological well-being, perceived stress, coping styles, and social support) among undergraduates; (b) acquire an accurate description of the demographic variables; (c) explore the relationships among the four factors after controlling for the possible intervening demographic variables; and (d) explore the differences of these factors with reference to gender, status of learner, and religiosity, each in its turn. A random stratified cluster sample was taken, as representative of undergraduates attending Universiti Putra Malaysia. It was found that coping styles and social support do have positive relationships with psychological well-being, while perceived stress has a negative relationship after having controlled for all other variables. Intervening variables such as gender, religiosity, and status of learner did not have bearing on major variables like perceived stress, coping styles, social support, and psychological well-being. The one exception to this was the relationship between status of learner and psychological well-being. On the whole, the Malaysian undergraduates were found to be "psychologically well." Enhancing social support providing training skills in positive intrusive thought and problem-focused coping were strongly recommended. (Contains 71 references and 7 tables.) (JDM)