I had no idea how bad it was until I worked at the Marine Biological Lab in Woods Hole, where Scientists, most of them with post doctoral degrees, needed reminders of the basics when it came time for peer reviewing other scientists. If it is bad at a place that is considered more reputable than the Ivy Leagues, why haven't we put more effort in things such as study skills for the college bound folk?
Please teachers and professors of all kinds, stop focusing on how fast, and instead focus on retention related skills. If it goes into the mind for a test, and pops out before the end of not just a semester, but after several years, that is something that should be taken into strong consideration.
The real test is should be one you can't prepare for, but comes at a completely random time.