VIDEO: Sneak Peek - THE PRICE IS RIGHT Celebrates Grads Today

School's out for summer when THE PRICE IS RIGHT, daytime television's most-watched show, recently nominated for two Daytime Emmy Awards, including Outstanding Game Show, congratulates high school seniors with a special Graduation episode, today, Friday, June 7 (11:00 AM-12:00 PM, ET; 10:00-11:00 AM, PT).

The new grads, each playing alongside a parent, will compete for prizes to help them gear up for college, including designer backpacks, a 3D HDTV, a year's supply of laundry services, pizza, movie tickets, textbooks and new cars.

Showcase contestants will have the opportunity to play for a new computer, a scooter and a graduation trip through Europe.

THE PRICE IS RIGHT, the longest-running game show in television history, is hosted by Drew Carey. Produced by FremantleMedia North America, THE PRICE IS RIGHT is broadcast weekdays (11:00 AM-12:00 Noon, ET; 10:00-11:00 AM, PT) on the CBS Television Network. Mike Richards and Jennifer Mullin are executive producers.