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There are two things that generally happen during senior year. One is the taking of courses that may transfer to college. This could be an AP science course, a prob/stat course, or some sort of social studies course. By eliminating the equivalent courses (usually 100-level) in college with APs/honors that transfer, there's more room for flexibility with electives, which will come in handy when you find some new field you find you like. (A good example would be psychology--usually overlooked in high schools, but popular in college and, at least at my school, a very common minor to add, usually because folks would become fascinated with it). You may also be able to take enough courses to eliminate a semester, sometimes two if you took enough APs as a sophomore and as a junior. I know a guy who got done with college in three years because he took a bunch of APs, enough to wipe out practically every 101 class he needed to graduate.
The other reason senior year is important is for social development. College is filled with pressures, temptations, and other things a 17-year old wouldn't be as equipped to handle as an 18-year old. This comes about from what your parents always preach--life experiences. You'll get these in a better environment during your senior year since you'll still have mom and dad at home as your support system, can see a guidance counselor at your school whom you've known for three years if you have a problem, and will be able to experiences some of the fun that comes with senior year--perhaps parking privileges, senior dinner dances, and of course graduation.
Another reason you may not want to skip is if your GPA is somewhere on the fringe of two financial aid levels at a college. Let's say you have a 3.79 but there's more aid given to students with 3.8s (and you are able to find out about this). You can easily get that 3.8 if you work hard as a senior. Unfortunately, that's the drawback of senior year--senioritis. It's tempting to slack off, and many of us probably will admit to having problems concentrating in class during our final few weeks of school. (If you're smart and your school offers semesters, take the hard courses first semester).
Once you're done, you've gained a full year of maturity, taken some advanced classes to help you in college (not just with material, but also with study skills), and will probably have some great memories of senior year.
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