A school document storage system for providing efficient and organized storage of a child's school documents based upon grade level. The school document storage system includes an outer housing having a cover member, and a plurality of inner compartments removably positioned within an interior of the outer housing. A transparent pocket is preferably positioned within the front portion of the outer housing for receiving a picture or other display item. A plurality of closure apertures are within the cover member that removably receive closure members attached to the upper sides of the outer housing. The cover member preferably has an upper member, a front member extending from the upper member and a pair of side members extending from the upper member.