I always thought it was a good idea to view C's as bad grades, because knowing that C's are in the range of 60%-69%, that means that the opportunity of a university education for whatever it is you want to do is closed.
Overall, I'm not impressed with school (excluding colleges and universities). It's not hard to get an A if you really try, because all you do is follow formulas that are either given to you or ones which you have to figure out on your own (and for every subject too, like the process of putting together a good essay can have it's own 'formula' if you get me) as CityOfAngels pointed out. I've met so many students who are actually intelligent but perform poorly in school, and tonnes of dull and unperceptive students who sacrifice everything to get more time to study and perform well in school, and I get disappointed everytime I see something like that.
Besides that point, I think (or maybe my parents thought and therefore I think) it's necessary for C to be seen as a bad grade to force students to study harder and achieve more in school because they may not be able to judge the consequences of putting less effort in school as well as adults.
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