Students in the U.S. show an increasing reliance on loans to finance their college education. Yet, studies assessing the effect of student debt on health are limited. This paper extends from the literature by examining the causal relationship between student debt holdings and reported health status through a lifecycle. I use data from the National Longitudinal Survey of Youth 1997 (NLSY97) and employ a two-way fixed effects model. My result shows that student loan debt holdings reduce self-rated health status. It fits in the literature studying the cost and benefit of college education through the lens of long-run health costs.