When I was an undergraduate, I loved having the opportunity to choose whichever courses interested me. Outside of my major, I took everything from calculus to photography to sociology. I also took advantage of another benefit offered: the option to take courses "pass/fail." I engaged this option whenever there was the chance that I would earn less than an "A."
At the time, I justified it from a financial standpoint. I had tuition and housing scholarships which required a certain GPA: a "C" would harm my GPA, but a "P" had no effect on it and I'd still earn the credit. However, in hindsight, I see that this behavior was a sign of something I'm only now starting to understand: my transcript was my identity.
Recently at an after-school meeting, one of our building associate principals shared an article summarizing the work done by Carol Dweck of the Stanford University School of Psychology. The gist: while it is not absolute, there are generally two "mindsets" into which people can be classified–the "fixed" mindset and the "growth" mindset.
A person whose disposition is in the "growth" mindset will relish challenge, recover from failure having learned and applied critical lessons, and "end up" in a different and usually better place from where they "start out."
In college, I was clearly of the "fixed" mindset.