And far too many are pressured into attending college when they don't really want to be there. This isn't anything new; there was never any question at all (except by me) whether I was going to college, only where. I get that, and this is why I think that a year or two of working is so helpful in clarifying goals while one is learning how to be independent, which includes living with the consequences of the choices you've made.
Further, there are far, far too many college students today who are simply unequipped to do college-level work. They haven't mastered the basics--they can't comprehend what they read (including newspaper articles, much less longer and more thoughtful works), they can't write, and they can't do basic math. They have limited critical thinking skills. At the same time, too many have been falsely validated their entire lives by being awarded a trophy just for showing up.
The consequence is that colleges and universities are continuing to dumb down their offerings, particularly the "core curriculum" courses, meaning that the unearned social promotions lead them into more advanced coursework for which they are also entirely unprepared.