Abstract: The object of this research is the critical situation that has emerged and develops due to studying; the subject is its experiencing by the students. The article provides related to romanticization of cognition and suggesting self-transcendence version of establishing semantic correlation between consciousness and being of a student in the indicated critical situation for the purpose of increasing the meaningfulness of life. Its realization would allow achieving the synthesis of intelligence and affect in education, unity of education and upbringing due to acquisition of ethical meaning. Research methodology is based on the achievements of logotherapy, namely the principle of indererminism of human existence and humanistic psychology. The scientific novelty consists in the analysis of critical situations related to studying, which have not been previously viewed from the existential perspective, in the context of the theme of existential crisis. The article also proposes an original method for overcoming critical situations through romanticization of cognitive activity.