Due to COVID: 13% of students delayed graduation, 40% lost a job, internship, or offer, and 29% expect to earn less at 35.

The effects of the pandemic have been highly heterogeneous.

Lower-income students are 55% more likely than their higher-income peers to have delayed graduation due to COVID-19.

COVID-19's economic and health shocks vary by socioeconomic status and act as key mediators explaining pandemic's effects.