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One the most important problems of our day is delaying gratification. Delaying gratification means to give up on the activities and facilities which will provide immediate gratification for the sake of certain long term rewards. Delaying gratification is associated with the majority of public health problems such as obesity, risky sexual behavior and drug abuse. Current measurements for delaying gratification are criticized due to limitations of competence, reliability and structure validity. Therefore a valid and reliable measurement tool is required. The aim of this study is to develop a valid and reliable scale to be used to determine the levels of delaying gratification of university students. The study group composes of 336 students, 184 females and 152 males, studying in Sakarya University Faculty of Education in 2013-2014 education year. In selection of the students, voluntary participation random sampling method was used. Expert opinion was obtained for the face validity and content validity in validity studies of the scale. The scale organized according to the opinions of the experts was applied to the students in the study group for the structure validity. Exploratory factor analysis was performed for the structure validity. As a result of the exploratory factor analysis, it was determined that the scale was composed of 33 items and five factors. For the reliability of the scale, Cronbach’s Alpha internal consistency coefficients were calculated. The internal consistency coefficients of the scale were calculated as .63, .75, .78, .94, and .85 respectively. When the scale is considered as a whole, its consistency coefficient was found as .94. These values that were obtained indicate that the psychometric properties of the scale are within acceptable ranges.