Yes but you need 17 to open the file first and then 'Save As' a version 16 file.
As a student you can go to the MyArchicad link at the top of this forum and download the student version for 17 (I am assuming you are using the student version of 16).
Then you will have the same version as your school and there won't be any problems (again assuming you are all using the student version).
Barry.
One of the forum moderators.
Versions 6.5 to 27
i7-10700 @ 2.9Ghz, 32GB ram, GeForce RTX 2060 (6GB), Windows 10
Lenovo Thinkpad - i7-1270P 2.20 GHz, 32GB RAM, Nvidia T550, Windows 11