How well would this work for a school backpack? Do the hip straps fold into the backpack?

Tech Specs:

Material:

(Family Tree) 600D polyester, (Schwag Positive Camo) 420D nylon with heat emboss, (Print) 420D polyester , (True Black) 420D high-density nylon, 420D mini-ripstop nylon, 600D polyester 

Access:

top 

Pockets:

(external) 2 side zippered, dual side accessory , 2 waist-belt zippered, (internal) fleece-lined goggle, shovel / probe 

Shovel Pocket:

yes 

Snowboard Carry:

yes vertical, yes horizontal 

Support/Suspension:

ergonomic back panel, ergonomic back panel 

Waist-Belt:

yes, removable 

Hydration Compatible:

yes 

Rain Cover:

no 

Weight:

3 lb 1 oz 

Volume:

1525 cu in 

Recommended Use:

backcountry , snowboard travel 

Manufacturer Warranty:

limited lifetime