Ever since Vatican II's dogmatic constitution on divine revelation, titled Dei Verbum in 1965, the Church has promoted study of the Bible as the inspired Word of God.  We listen to passages at each and every Mass so that we can continue to be formed by God's wisdom.  

 "All scripture is inspired by God and is useful for teaching, for refutation, for correction, and for training in righteousness" (2 Timothy 3:16).

Bible studies allow for a more in-depth consideration of the various books of the Bible and their historical context. 

A number of different styles of writing are represented - poetry, songs, historical accounts, and apocalyptic literature.  Getting to the meaning of a verse may require appreciation for the writing genre and the intended audience.  For example, knowing that Matthew's audience were Jewish Christians, and Luke's audience were Gentile Christians, helps us understand the differences we see in those two Gospels.  

One can study the Bible on their own with the aid of various Bible commentaries and websites.  A group effort allows for discussion and a sharing of what is significant or not in a specific passage.

Even after thousands of years, the Word of God continues to speak to us today; we will never exhaust the depth of meaning God can convey.