Indeed, 'Cooley High' is based on a true story. This film is significant as it gives us an insight into the lives of young people back then. It shows their joys, like hanging out with friends, going to parties, and also their sorrows, such as dealing with poverty and the pressure from society. All these elements were likely influenced by real - life stories, making the movie feel very authentic.
It's not based on a true story. 'Downfalls High' seems to be a work of imagination, crafted to engage and captivate the audience through fictional elements and plotlines.