The homework students bring in doesn't have any purpose except to be sold for cheap. Paper Bark is used in a lot of crafting recipes, but it can be hard to find. My suggestion is to add some crafting recipes to convert 2-4 of the same homework type to a piece of Paper Bark.

Oh! This would be a great idea paired with this one ^^

Alternatively, I'd love to see homework as an ingredient in future crafting recipes.

Homework + Ink + feathers = a quill and paper clothing or decor item
Homework alone = some cute paper trinkets like the crumpled paper ball (Maybe a paper airplane that ups finesse or cleverness since they're dexterous to make or a folded newspaper hat that ups extroversion)
A scribe crafted newspaper that binds together a bunch of different homeworks and gives a one day (or maybe a few days idk how to balance it) boost to the number of daily scenarios (Like how the news covers current events)