Anyone? Not sure about that. But most people, probably, yeah. The ex-government over here (UK) had a target for 50% of high-school graduates going to university (and, presumably, receiving a degree) -- it hasn't been met, yet, but substantial 'progress' has been made towards that. Naturally, this has resulted in substantial deteriorations in standards in many instances.
An awful lot of subjects, even the more academic ones, are mostly about remembering things -- understanding is optional. This correlates heavily with determination, time spent, repetition, etc. Intelligence? Useful, usually, but optional.
(Oh, and why? I dunno, the money?)