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I don't know the percentages for students who actually go to college, but I think most colleges/universities have matriculation rates well over 80% (at least the ones I considered did).
Of course most freshmen right outta highscool drop out. For most of them it's their first time that they're out from under mommy and daddy's roof. After getting this first taste of life, some just party to much and others just wonder what they're doing there. It's really hard to put effort into school work when all you're wondering is "Is this really what I wanna do with the rest of my life?"