This year, K-12 schools, colleges, and universities have doubled down on their endeavors to support students through a global health crisis, economic uncertainty, severe weather, and political turmoil. Despite these efforts, research shows that support services still fall short of meeting many students' needs. As schools develop strategies for supporting students to both survive and thrive, the power of peer social capital is a lesson worth remembering. Across the entire high school to career pipeline, peer networks are an immense, but still latent, resource in the student success equation. With a range of emerging approaches to adopt and adapt, K-12 and postsecondary leaders have a tremendous opportunity to activate the latent social capital in peer networks to improve students' experiences and outcomes. Whether they succeed depends on where and how schools activate peer networks, and for what purposes. This paper details five considerations leaders will need to keep in mind. The innovative tools and programs in this report reflect the fact that it's networks--not just diplomas and degrees--that lead to opportunities and fulfilling lives. Peer connections are a critical resource as K-12 schools and postsecondary programs look to support students' wellbeing and growth, enrich their learning experiences, and expand career options.