Objective: The objective of this study is to assess the impact of COVID-19 on university students' academic performance. Participants: Our sample consisted of students 18 years old and above enrolled at least part-time during the Spring 2020 semester. Methods: This cross-sectional survey examined the individual, social, and economic impacts of COVID-19 on academic performance. We examined factors associated with a change in GPA between the two semesters. Results: Most students reported no change in GPA. Students of color had significantly increased odds of reporting a decrease in GPA than non-Hispanic White students (OR = 2.70, 95% CI: 1.01, 7.16). Students who had someone close to them test positive for COVID-19 had increased odds of reporting a decrease in GPA (OR = 1.85, 95% CI: 0.55, 5.93). Conclusion: Higher learning institutions may need to develop strategies to improve support for students that have been socio-economically impacted by COVID-19.