This study tried to verify the mediating effects of fear for failure in the relationship between perceived parental psychological control and procrastination of university students. For this reason, I surveyed 364 college students in Jeollado. With collected data, mediating effect analysis in the manner of Pearson correlation analysis, Baron and Kenny’s regression analysis was carried using the SPSS 21.0 program, The results of this study are summed up as follows. First, as a result of investigating the correlation between parental psychological control and procrastination of college students, there was meaningful positive relationship. Meaningful positive correlation appeared in the relationship between parental psychological control and fear of failure, and there was meaningful positive correlation between fear of failure and procrastination. Second, as a result of examining the mediating effects of failure fear in relation to father’s psychological control and procratination of university students, the fear of failure completely mediated the father’s psychological control and the procrastination of college students. Third, as a result of verifying the mediating effects of failure fear in relation to mother’s psychological control and procratination of university students, the fear of failure completely mediated the mother’s psychological control and the procrastination of college students. This study confirmed that parental psychological control influences failure fear, and the fear of failure affects the procrastination of college students again. It is understood that not only an approach to correct the behavior that appears on the surface such as lack of time management ability but also emotional factors such as fear of failure are important for understanding the procrastination of university students. Thus, to reduce procrastination, it may be effective to improve psychological factors through programs or counseling, such as identifying the cognitive and emotional factors behind it, and lower the level fear for failure, rather than dealing with procrastination itself.