To continue monitoring the consequences of the COVID‑19 pandemic on household welfare in LAC, the World Bank and UNDP joined forces to implement the second phase of High-Frequency Phone Surveys (HFPS) in LAC in 2021.4 The first wave of data in this phase was collected between May 2021 and July 2021, while the second wave was collected between October 2021 and January 2022. This note focuses on education outcomes to unravel the effects of COVID‑19 on human capital accumulation in the region.