Translation:These kids are missing all the fun because they are still studying.
When the activity is "choose from the words below," sentences like these become very easy to construct without even reading the Hebrew. I usually cover up the bottom so as not to see the entire answer before getting a chance to try to figure it out myself. Please add more decoy words.
"these kids miss all the fun because they still study" why not simple tense as well?
"They still are studying" is basically the same as "They are still studying."
Does studying in this context mean just in terms of "learning" (like I am studying the sciences) or also in terms of studying for a test?
Rav Milim, a comprehensive online dictionary in Hebrew/English, gives one sentence that uses לומד for studying for an exam. It is definitely used for both "learning" and "studying," Penina.
I love these longer sentences. They're tough, but I'm so glad the Hebrew course challenges you with more complex sentences earlier on.