I suppose I could have posted this under literature, but where it belongs is in an Education forum, which doesn't exist. I also apologize for linking to a Yahoo!/AP story, which may not persist as long as one taken from a newspaper site.
WASHINGTON - Nearing a diploma, most college students cannot handle many complex but common tasks, from understanding credit card offers to comparing the cost per ounce of food.
Those are the sobering findings of a study of literacy on college campuses, the first to target the skills of students as they approach the start of their careers.
More than 50 percent of students at four-year schools and more than 75 percent at two-year colleges lacked the skills to perform complex literacy tasks.
http://news.yahoo.com/s/ap/20060119/ap_on_go_ot/literacy_college_students