Much has been made of the student loan crisis in recent years. Policymakers, families, and the media alike have blamed student debt for a number of the United States less desirable macroeconomic trends. Though the perceptions of student loan debt are dire, rigorous examinations of the effects of student loan debt on post-graduation outcomes are few and far between. This study provides quasi-experimental evidence on the effects of student loan debt on a number of early adult outcomes. In short, the findings suggest that debt has little to no impact on post-collegiate outcomes for college graduates.