For any college, as long as you meet your diploma requirements and graduate, will anyone subsequently really care what your grades were?
Does anyone think that a degree from Harvard says more about what you know than who you know? I suppose for certain careers, particularly perhaps research or writing/ideas/think tanks, a 4.0 GPA plus increasing distinctions / PHD work etc. is important.
But for just like working in business?
Scholarships for grad school can also be sensitive to undergrad GPA.
(For the non-Americans: 4.0 is a 'perfect' A+ 100% Grade Point Average. Strangely, >4.0 GPAs are possible too, with extra credit work.)
* First * Upper Second (aka 2:1) * Lower Second (aka 2:2) * Third * Pass * Fail
Some students put module scores down but they are basically meaningless.
And then like the US a degree from a top University is worth more than a degree from another University (by a class or more)
Part of the reason they are worth less is the lack of standardisation of course content. Part of it is grade inflation. Part of it is legacy.
One interesting case is that I know Cambridge grades to a curve. There will never be more than x% of the students getting a first in a single year.
Comparitively my University just had a overall % threshold of weighted module scores.