It is now well established that the COVID-19 pandemic had a devastating and unequal impact on student achievement. Test score declines were disproportionately large for historically marginalized students, exacerbating preexisting achievement gaps and threatening educational and economic inequality. In this paper, we use longitudinal student-level NWEA MAP Growth test data to estimate differences in test score declines for students at different points on the prepandemic test distribution. We also test the extent to which students' schools and districts accounted for these differences in declines. We find significant differences in learning loss by baseline achievement, with lower-achieving student's scores dropping 0.100 SD more in math and 0.113 SD more in reading than higher-achieving students' scores. We additionally show that the school a student attended accounts for about three-quarters of this widening gap in math achievement and about one-third in reading. The findings suggest school and district-level policies may have mattered more for learning loss than individual students' experiences within schools and districts. Such nuanced information regarding the variation in the pandemic's impacts on students is critical for policymakers and practitioners designing targeted academic interventions and for tracking disparities in academic recovery. [Additional funding for this report was provided by Kenneth C. Griffin.]