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Though I don't at all agree with Lonermutant's other points, in all fairness it should be emphasized that there seems to be a fundamental difference between the education systems of America and those of most European countries. As I understand it (please correct me if I'm wrong), anyone who graduates from high school in America can, in principle, go to college, given not too low scores on certain tests. If you're very bright, you go to Princeton, or Yale etc. And if not so very bright, to community college or similar. So, in a sense students are selected on their merits only after high school graduation. But in Europe the universities often are of uniform quality (for better or worse) and selection takes place earlier on, in a sense directly after elementary school. In my country (Holland) there are three types of high school, only one of which grants admission to university. The others give access to more occupation oriented schooling. Most kids go the "lowest" type of high school and usually end up in low wage jobs. In principle it is possible to gain admission to another type of high school after the first grade, but it doesn't happen often.
All good points. However, on the flip side, to get anything more than a couple dollars above minimum wage in the US, you need a college degree. It may not be required by law, but it's economically mandated. College over here is like 2-4 more years of high school, except you live on campus and you have to pay for it rather than the government.