The SAT when combined with the high school GPA (HSGPA) has an adjusted correlation correlation coefficient of 0.56 with first-year GPA, meaning the combined measurement accurately predicts how a potential college applicant will perform in their first year of college 56% of the time. [1]
That's actually pretty good, what other proposed metrics can say their signals match outcomes with 56% validity? How much you liked their essay?
Lower SAT scores have about 63% retention rate for first-year students whereas high SAT scores have about a 95% retention rate [2]. That is, high schoolers with poor SATs drop out of college about 40% of the time in their first year.
Standardized tests have many problems -- obviously -- but no one has developed a less unfair system.
When colleges abandon standardized tests what else are they relying on? Random signals made up by admissions officers? That's worse than job interviewing.
I have no problem criticizing standardized testing, but I feel everyone who does should be obligated to propose a better alternative method with a higher validity rate than 56%.