According to an ASQ survey, that was posted on USA Today's website, 26% of teenagers feel college is too long and expensive.  25% of those teens said that their current grades aren't good enough.  Furthermore, 25% of teens said that careers are too demanding.

Source:
http://www.usatoday.com/news/snapshot.htm?section=L

What your opinion on these statistics? 
 
How do you know if someone is well educated?
 
Should we use both grades and descriptions or descriptions and pass or fail?
 
How do you know if someone passed or failed?