Amidst a decline in exclusionary school discipline, the current study asks how a more holistic set of school discipline practices are associated with emerging adult well-being. We use original survey data from over 700 college-educated emerging adults to show that this sample can be categorized into three groups with unique school disciplinary histories—those who received minimal discipline, those who received primarily school-managed discipline, and those who received intensive discipline. These groups were distinguishable not just on the severity or exclusionary nature of discipline but also the involvement of parents, police, or support staff (e.g., counselors). After accounting for selection into these groups, we find that emerging adults with histories of both school-managed and intensive discipline reported lower well-being than their minimally-disciplined counterparts. Such findings demonstrate the reach of school discipline even to this relatively privileged sample and the need to think about discipline and its potential consequences more expansively.