Going to school
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At 7:00am on Monday-Friday, wake up your teens and children and have them shower and eat breakfast. At 8:00, the bus comes, be sure to have your sims get on, or they'll have their grades lower!
Homework
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Every day, your sims get homework, if they do it, their grades go up. If they do not, it is an option to do it in school.
Honor Roll
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Mantain an A for a certain number of days in a row, and you'll be on the honor roll! These students get to pick their traits when they age up. Sometimes B students can too. C's get a random trait, and D's and F's get bad traits, like evil, unlucky and coward.
School can be a nice oppurtunity to meet new sims too! Just choose "meet new friends". After you've met a few friends, try clicking "talk to friends" and you'll build relationship with them. You may recieve a message telling you somebody will be coming over to your house, or your parent will have to sign a form saying their child can go to a certain family's house.