"What has happened with the banks being so forthcoming with lending all this money out to people with fairly poor credit, unfortunately people were not aware that people won't be able to pay back these loans," said SCCC Associate Professor Sheila M. Foglietta.

There's also business law and administrative agencies, which leads to a discussion on the foreclosure crisis.

"We have the Department of Housing and Urban Development and how they try to regulate the disclosures, what can go out there and what can't go out there," said Foglietta.

Wall Street crisis becomes a topic in the classroom

Most likely you've already heard about the Wall Street crisis and how the government is looking at a $700 billion bailout of failing investment banks. This hotly debated topic has also made its way into the classroom.

"Mostly Business Law 1, we're learning how this has affected our lives and I really didn't learn about it in any of my other classes, and it's very interesting actually," said SCCC student Sakena Kocer.

And like most major situations, there's always room for debate.

"The fact that we're actually agreeing and some are disagreeing about the banks and how they're closing, which is kind of not tolerated," said Kocer.

While some saw this coming, many didn't realize it would be so soon and so severe, but perhaps there's something everyone can learn here.

"It's what they got themselves into, they should be able to pull themselves out and not blame it on us taxpayers," said Kocer.

"Maybe this is a history lesson we need to watch what we're doing, if we see this leading into dangerous waters we have to back off and I think that's what we did, and that's what I've been doing in my classes," said Foglietta.

A lesson in and out of the classroom.