While there are social drawbacks to social media such as bullying and general procrastination, the ability to connect with your peers and share experiences is a good thing. A lot of people offer advice, pose questions, and get help on the social media site. Although there are drawbacks, facebook is good for students.
Facebook is beneficial to a student's life in that it maintains connections and contacts with teachers and other students. Facebook is also a way to build up a resume and maintain contacts over the years. The trick is that students and teachers alike have to behave on Facebook regarding their public persona, otherwise prospective colleges may not look favorably upon certain high schoolers.