This article is devoted to a problem of forming of European Higher Education Area. Russia’s entry into EHEA gives real benefits to higher education schools and students. These benefits include bringing educational programs and curricula into line with European standards; recognition of Russian qualifications and academic degrees; ensuring academic mobility of students and teachers; adoption of educational credits of Russian students in foreign universities; implementation of two-diploma education programs; convertibility of Russian higher education diplomas in the euro area, the right of graduates for employment in any of the countries participating in the Bologna process, etc. This is modernization as the continuous progress of innovative ...