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College should have its main goal to encourage its student to think. If it is failing in this goal, the student should go elsewhere. Unfortunately, this requires remarkable courage and understanding of one's goal, which very few 19 y.o.s have.
Wouldn't you really want an intelligent plumber, electrician, or air conditioning technician helping you than than a stockbroker who graduated at the bottom of his class?
I think the career paths for people with for average intelligence have disappeared (or been obscured). They will make good livings maintaining our AC, plumbing, and electrical systems and serve society well. Unfortunately, I think the people directed to these professions are somewhat below this level of intelligence, and some of us suffer as a result.