Quality in higher education is subjected to several constraints and obviously quality is not free .Few among the several variables influencing quality in higher education are listed below. 1. Societal variables. 2. Economic variables. 3. Political variables. 4. Psychological variables. The socio cultural, socio psychological, socio economical and socio political factors acts as catalyst agents in establishing the practical reality of education and assuring quality in empowering youth and their active participation in the process of National Integration and Development. The minor research project partially addresses the impact of few intervening and interactive variables of “Quality in Higher in Education.”The focus is given to socio- psychological and socio economical variables in terms of measuring socio economic status and self esteem levels of under graduate students of University of Mysore. Concept of the research is multidimensional and the material is drawn from various disciplines, such as psychology, Human behavior, and cognitive behavioral concepts. The concept of self esteem is basically derived from the contributions of clinical psychology.