The purpose of this study was to investigate therapeutic factors and effects of university students in the Ullman dream group, using workshop to work with dreams twice a week for 6 hours in two weeks. The research tools included: “Group Therapeutic Factor Inventory—Short Form”. In terms of the average score of the beneficial perception for each factor category in the 8 dream sessions the factor of “positive feeling toward the groups” had the highest score; factors of “solicitation of action abilities”, “cognitive gains”, “universality”, advices providing, altruism, self-disclosure and sharing ranks next; factor of “experience and understanding of family relationship” had the lowest score. Based on the results of the study, implications and recommendations for counseling practices and future research are discussed and outlined.