Congruence of values between parents and their college aged children is still a relatively unexplored area in Croatia, especially when student's identity style is taken into account as well. The goals of this study were to determine the congruence of values between parents and their college student aged children, as well as determining the correlation between students' identity stiles and values. The participants of this study were 67 students and their parents, of which 54 students, 54 mothers and 52 fathers were included in the final analysis. The study used the Portrait Value Questionnaire 40 to measure the importance of the ten basic life values of parents and students, as well as the Identity Style Inventory -5 scale to measure the identity stile of students. The results showed a significant moderate positive correlation of the mother-student relation on the values of tradition, universalism and self-direction as well as a significant moderate positive correlation of the father-student relation on the values of tradition, universalism, hedonism, achievement and benevolence. Furthermore, a significant negative correlation between the diffuse-avoidant identity style of students and the value of self-direction of students was discovered, as well as a significant positive correlation between diffuse-avoidant identity style and the value of power; significant positive correlations between the informational identity style of students and the values of self-direction and universalism and significant positive correlations between the normative identity style of students and the values of security, conformity and tradition, as well as a significant negative correlation between the normative identity style and the value of stimulation. Similarities in certain values of parents and students indicate the existence of intergenerational transfer of values between parents and children, whereby the motivational values of mothers and fathers are partially different from the values of students.