Source: AlFinNextLevel website, Jun 2016
Most young people simply do not have the IQ to take a rigorous four year degree that will provide a reasonable return on investment.
There is no magic point at which a genuine college-level education becomes an option, but anything below an IQ of 110 is problematic. If you want to do well, you should have an IQ of 115 or higher. Put another way, it makes sense for only about 15% of the population, 25% if one stretches it, to get a college education. And yet more than 45% of recent high school graduates enroll in four-year colleges. Adjust that percentage to account for high-school dropouts, and more than 40% of all persons in their late teens are trying to go to a four-year college — enough people to absorb everyone down through an IQ of 104.__ Charles Murray quoted in http://www.joannejacobs.com/2007/01/not-smart-enough-for-college/