The current quasi-experimental pre-test post-test study involved master level students enrolled in a teacher education program. The Learning performance test was administered together with survey instruments on intrinsic motivation, metacognitive awareness, and self-efficacy beliefs. Analysis of covariance of results points at a positive significant differential effect of reciprocal peer tutoring on student teachers’ learning performance. However, no interaction effect was observed in mediating variables. Post-reciprocal peer tutoring interviews were organized to analyze students and teachers’ reflections about reciprocal peer tutoring. Implications are presented to educational psychologists, teacher educators, and educational policymakers with recommendations to model collaborative learning approaches; such as reciprocal peer tutoring.