Using a sample of 174 inner‐city urban high school students, this study examined the degree to which family and peer support would moderate the negative impact of exposure to violence on academic performance, symptoms of distress, and persistence intentions. Over 94% of the students reported having been exposed to at least one form of community violence at some point in their lives. Using hierarchical linear regression, the results indicated that family support provided a protective‐stabilizing moderating effect between exposure to violence and symptoms of distress. Peer support was found to have a protective‐stabilizing moderating effect between exposure to violence and persistence intentions. Although exposure to violence and persistence intentions were both related to grade point average, family and peer support were not found to moderate the impact of violence exposure and grades. © 2009 Wiley Periodicals, Inc.