I went to a lutheran school for the last part of elementary and first half of middle school, until I got expelled.
I know enough about it to catch references, and generally know the major stories.
in today's society, especially if you live in the US, its worth reading...just to catch the parallels.
I would recommend the King James version, as it is the most complete.
I look forward to reading other religious texts when I get the chance. even if you aren't christian and have no desire to be, its worth the read.