This report provides findings from the evaluation of the pilot year of the Ohio College Comeback Compact, an institutional debt cancellation program being implemented at eight public institutions in northeast Ohio. The Compact provides up to $5,000 in debt cancellation for stopped-out students meeting certain requirements. As part of the evaluation efforts, the authors accessed student-level administrative data used in the implementation of the Compact which included demographics, previous enrollment and academic information, debt amounts, and re-enrollment status and current academic outcomes. The authors descriptively analyzed patterns in debt, re-enrollment, and short-term academic outcomes as well as fit multivariate regression models to understand factors associated with participation and success in the Compact. This analysis seeks to answer three primary research questions: (1) Who owes institutional debts at Compact institutions?; (2) Who participated in the Compact?; and (3) What are the short-term outcomes of Compact participants?