All of you are wrong. And all of you are onto something at the same time.
I would say it all depends on the person. Stalphos has it pretty accurate from what I have experienced throughout high school and college life.
(Senior at a 4 year univ working for a Bachelors right now)
I wasn't the best in high school, actually I nearly didn't graduate. Being near the bottom of my class did not mean I was by any means dumb or not
intelligent. Many people were afraid and just dumbfounded as to why I was not making great grades or doing something better with my life. At that
point I did not care enough about the 'real world' to be trying to achieve anything. I merely did the minimum that was required of me to do.
I could go on about why that was the case, but to keep it short, i simply moved around a lot and never really had that many real friends because by
the time I made some, we'd move again.
I became best friends with technology, as I could bring it around with me everytime we moved.
Instead of homework i'd read programming books and teach myself how to write programs, api, winsock, from around the 8th grade.
Seeing as how my grades were already so poor, I skipped the SATs, decided I probably would not go to college, because, why would I want to continue
this suffering by choice?
Eventually I ended up with a CCNA and working in IT. It was terrible. I mean I love technology but making a hobby into a career was not for me.
Worked - Saved - Quit IT - Started Community College, took classes that interested me -> A.S. in Business.
Ok great! Big deal. Worked another year. Applied to a few universities and got accepted to all of them (CC was a joke, doing just as little as I did
in high school and I managed a 3.65) THe only reason I did better was because the environment was more relaxed. If you came in late, who cares?
You're paying for it.
If you missed a class, your fault, not the teachers responsibility to force you to make up work.
So, 'almost' no homework and having mostly exams/tests. I passed with flying colors.
Now when I transferred my credits to a 4 year, they didn't accept a good chunk of my credits, I believe only about 43 out of 65 counted. Dropping me
down into a mid-sophmore instead of entering as a junior.
I'll say though that the quality and amount of information you learn at a higher level university is BY FAR superior than at any community college
classes I attended. It does have its pitfalls here and there though.
Going to a community college COULD have saved me thousands if I played my cards right and only did classes that could fully transfer over.
Here's the story for other people from my H.S.
One boy, I'll call Ken, came from a rich family who has had many generations in that town, so they were well established and owned a business.
Basically they were rich, the 'buy my daughter a new car for her 16th' rich. This guy went to a relatively good college (private), graduated, and
got hooked up via family connections to a decent job. He still lives there and basically saves all his money.
The poor kids basically had to work, so they had no time for school. They didn't see school as a way to get ahead, as working is where the real money
was. A common mistake I have seen throughout my life.
Why waste thousands on stuff I hate when I can make money now?
The rest of the kids went to college, got their degree and now are living the common scenario of, get a degree, get a job, work, get into more debt
(house/car) and continue the cycle by having kids.
Now after working and researching topics on my own, instead of being spoon fed by the system, I do notice how a lot of the stuff we learn is just
regurgitating material, even if it is slightly on the wrong side. I just notice that such and such theory obviously does not work in life, but I let
it slide and just make a mental note about it, rather than fighting the professors and pro-longing a lecture (although sometimes I do it for a fun
debate if I'm reallly bored )

Most others though take is as the truth and nothing but the truth.
Most of the kids who are in college right now vaguely have an idea of what they would like to be doing, the ones that did know, and graduated, are not
doing what they thought they would be. Maybe eventually down the road they will with a bit of luck..
Longest post EVER, but those are my views on the subject.