Peterson attendedWest Side Leadership Academy inGary, Indiana. As a senior, he averaged 14.0 points, 4.3 rebounds, and 4.0 assists per game before committing to play college basketball atIndiana State University.[1] After playing sparingly as a freshman with Indiana State, he transferred toJohn A. Logan College. As a sophomore, he averaged 13.5 points and 4.7 rebounds per game, helping lead the Volunteers to a NJCAA Division I national championship, before transferring for a second time toEast Tennessee State University.[2] In his first season with the Buccaneers, he made an instant impact, averaging 13.5 points and 3.7 assists per game.[3] The following season, he emerged as the team's leading scorer.[4] At the end of the season, he was namedSouthern Conference Player of the Year.[5]