I can definitely agree with that. What
@33jacket was saying is also true. Times have changed. You can't exist as a university anymore that weeds people out. Not only is it going to crush you financially, but nobody is going to want to attend your school. Most people don't learn how to study until about their Junior year, which by then it's too late if you get weeded out. Cost of attending school now is far too high to risk not getting your degree. Not saying the 65% of people who failed out had an easy life back then, but the value of a bachelors degree was worth much more back then to take that risk. Nowadays a bachelors is hardly enough and making yours ungodly difficult to obtain is only going to deter people, regardless of reputation. A lot of my friends couldn't find jobs immediately when they graduated (not just GT), they were forced into going to graduate school where an M.S. is the new B.S (hence why I'm now getting a Ph.D.). Personally, I feel like GT has hit a good medium. My degree was definitely difficult to obtain. I had to sacrifice a lot to obtain it and, frankly, a lot of times my best just wasn't good enough. But on the other hand, I never felt that professors were ever trying to weed us out. We always got a fair shot, but it was never handed to us either.
Its also worth considering that the enrollment has skyrocketed since 2000. I can't find it now, but I remember hearing that the alumni base is overwhelmingly made up of people who graduated in the last 20 years because they pump out more graduates than decades prior. I think it's important to keep our doors open to Georgia residents, but the decrease in admission percentage is offset by the shear number of people who are applying and being admitted. That comes with increasing school prestige.