Well first of all a gr8 post and now here are my 2 cents......Education from a college is more often than not is discharged to create social assets that can add value to the society...now in real terms this value is basically the monetary potential that an individual has by the virtue of the job that he/she does. SO i can safely say that good college educatio relates to a job....now driving upon this point one can bring into the larger perspective that most companies today pay special relvance to logical tests, extracurricular records and communication skills etc etc...while they select a candidate while marks being just an elimination criterion.. Now in this perspective what we can say is that the loic of selecting people to be trained for future jobs just on the basis of marks when the job providers themselves don't believe in this is all but flawless.

At least to my understanding this is archaic and is bound to dissolve very soon....a gr8 post anyways Neha