Well he might have been a C student .... with now money to burn.
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This is written in Norwegian by his father:
http://www.nrk.no/ytring/1.11309808
(NRK is the Norwegian equivalent of BBC)
I was thinkin to translate, but it is too long - Use Google translate.
His conclusion is that Carlsen didn't get this good because of unique talent but because of intense training out of HIS OWN INTEREST (about 10.000 hours by age 15).
Quote: "As parents we had to ask Magnus to do his homework, but we have never told him to work on his chess".