Grounded in the literature on peer social capital, this study examines middle school students' perspectives on COVID-19-related changes in their peer interactions and friendships. Qualitative analyses of 146 students' survey responses showed that a majority experienced changes in their peer interactions and friendships. These students reported: (a) lasting changes in social-emotional states impacted peer interactions and friendships (e.g., increased anxiety); (b) changes in relationships (e.g., loss of friendships); and (c) visible changes in peer interactions (e.g., reduction in sharing behavior). Conversely, a small group of students perceived the changes in their peer interactions positively. The author argues that this paper's findings have farther-reaching implications than the pandemic, given other types of educational disruptions. Implications for educators, schools, and communities are discussed.